National Bank of Canada FI Invests $2.51 Million in Duolingo, Inc. (NASDAQ:DUOL)

National Bank of Canada FI purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,700 shares of the company's stock, valued at approximately $2,508,000.

A number of other institutional investors have also recently modified their holdings of the business. Baillie Gifford & Co. boosted its position in Duolingo by 5.0% during the third quarter. Baillie Gifford & Co. now owns 4,488,629 shares of the company's stock worth $744,529,000 after purchasing an additional 213,552 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Duolingo by 4.0% in the third quarter. Vanguard Group Inc. now owns 3,191,139 shares of the company's stock worth $529,314,000 after acquiring an additional 122,209 shares during the last quarter. FMR LLC raised its holdings in shares of Duolingo by 37.9% in the third quarter. FMR LLC now owns 1,019,641 shares of the company's stock worth $169,128,000 after acquiring an additional 280,051 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Duolingo by 147.6% in the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company's stock worth $99,887,000 after acquiring an additional 358,938 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Duolingo by 4.9% in the third quarter. Acadian Asset Management LLC now owns 366,526 shares of the company's stock worth $60,775,000 after acquiring an additional 17,097 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $215.07, for a total value of $322,605.00. Following the completion of the sale, the insider now owns 126,005 shares of the company's stock, valued at $27,099,895.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Amy Bohutinsky sold 15,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $202.14, for a total value of $3,032,100.00. Following the completion of the transaction, the director now owns 4,253 shares of the company's stock, valued at $859,701.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Natalie Glance sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $215.07, for a total value of $322,605.00. Following the sale, the insider now owns 126,005 shares of the company's stock, valued at approximately $27,099,895.35. The disclosure for this sale can be found here. Insiders have sold 123,223 shares of company stock valued at $26,893,230 over the last three months. 19.85% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on DUOL. Bank of America boosted their price target on Duolingo from $230.00 to $260.00 and gave the stock a "neutral" rating in a report on Thursday, February 29th. Seaport Res Ptn reissued a "buy" rating on shares of Duolingo in a report on Tuesday, February 27th. Piper Sandler reissued an "overweight" rating and issued a $265.00 price target (down from $282.00) on shares of Duolingo in a report on Friday. Needham & Company LLC upped their target price on Duolingo from $241.00 to $267.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. initiated coverage on Duolingo in a research report on Monday, March 11th. They set an "overweight" rating and a $270.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $244.63.

Duolingo Trading Down 1.4 %

NASDAQ DUOL traded down $2.59 during mid-day trading on Tuesday, hitting $178.40. The company's stock had a trading volume of 1,174,636 shares, compared to its average volume of 789,559. The firm has a market capitalization of $7.65 billion, a P/E ratio of 186.59 and a beta of 0.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22. Duolingo, Inc. has a 52-week low of $121.89 and a 52-week high of $251.30. The stock's fifty day simple moving average is $218.60 and its two-hundred day simple moving average is $208.31.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.27. The business had revenue of $167.70 million for the quarter, compared to the consensus estimate of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The business's revenue for the quarter was up 44.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) EPS. Research analysts expect that Duolingo, Inc. will post 1.6 EPS for the current year.

About Duolingo

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.