Voleon Capital Management LP Acquires Shares of 13,706 Duolingo, Inc. (NASDAQ:DUOL)

Voleon Capital Management LP bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,706 shares of the company's stock, valued at approximately $4,444,000.

Several other hedge funds also recently made changes to their positions in the business. Kensington Investment Counsel LLC boosted its stake in Duolingo by 0.5% in the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company's stock valued at $1,826,000 after buying an additional 30 shares in the last quarter. Lido Advisors LLC lifted its holdings in shares of Duolingo by 0.3% in the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock worth $3,276,000 after acquiring an additional 30 shares during the last quarter. Atria Investments Inc boosted its stake in shares of Duolingo by 3.9% in the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company's stock valued at $334,000 after purchasing an additional 39 shares in the last quarter. Lisanti Capital Growth LLC grew its holdings in shares of Duolingo by 0.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company's stock valued at $3,789,000 after purchasing an additional 40 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in Duolingo by 19.3% during the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company's stock worth $84,000 after purchasing an additional 42 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at approximately $28,185.12. This trade represents a 99.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Meese sold 5,000 shares of Duolingo stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the transaction, the insider now directly owns 118,805 shares in the company, valued at $46,927,975. This represents a 4.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,868 shares of company stock worth $37,549,300 in the last quarter. Insiders own 18.30% of the company's stock.

Duolingo Stock Up 21.6 %

Duolingo stock traded up $86.42 during midday trading on Friday, reaching $486.42. The stock had a trading volume of 3,052,864 shares, compared to its average volume of 733,071. The company has a fifty day moving average price of $326.31 and a two-hundred day moving average price of $336.84. The company has a market capitalization of $22.01 billion, a P/E ratio of 265.80 and a beta of 0.91. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $487.00.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. The firm's revenue was up 37.6% compared to the same quarter last year. As a group, equities analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DUOL. Morgan Stanley started coverage on Duolingo in a report on Wednesday, April 23rd. They issued an "overweight" rating and a $435.00 target price for the company. Citizens Jmp upgraded shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price on the stock in a research report on Tuesday, March 18th. Jefferies Financial Group initiated coverage on shares of Duolingo in a report on Friday, January 24th. They set a "hold" rating and a $370.00 target price on the stock. Piper Sandler raised their price target on shares of Duolingo from $390.00 to $465.00 and gave the company an "overweight" rating in a research note on Friday. Finally, DA Davidson increased their price objective on Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Duolingo currently has an average rating of "Moderate Buy" and a consensus target price of $422.50.

Duolingo Company Profile

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.