Xponance Inc. Raises Position in Duolingo, Inc. (NASDAQ:DUOL)

Xponance Inc. increased its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,580 shares of the company’s stock after purchasing an additional 305 shares during the period. Xponance Inc.’s holdings in Duolingo were worth $2,458,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Kensington Investment Counsel LLC grew its position in Duolingo by 0.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after acquiring an additional 30 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Duolingo by 3.1% in the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after purchasing an additional 32 shares in the last quarter. Atria Investments Inc grew its holdings in shares of Duolingo by 3.9% during the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock worth $334,000 after purchasing an additional 39 shares during the period. Lisanti Capital Growth LLC increased its position in Duolingo by 0.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock worth $3,789,000 after purchasing an additional 40 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Duolingo by 19.3% in the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock valued at $84,000 after buying an additional 42 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Trading Up 1.0 %

NASDAQ DUOL opened at $309.30 on Friday. The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 169.02 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The company’s fifty day moving average price is $347.58 and its two-hundred day moving average price is $318.89.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. As a group, research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 9,020 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the transaction, the insider now directly owns 130,733 shares in the company, valued at $37,989,702.47. This trade represents a 6.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew Skaruppa sold 5,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the sale, the chief financial officer now directly owns 67,730 shares in the company, valued at $21,977,030.40. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,499 shares of company stock worth $32,677,268. 18.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DUOL. Scotiabank started coverage on shares of Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 target price on the stock. The Goldman Sachs Group upped their target price on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Piper Sandler raised their target price on Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Barclays boosted their price target on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.25.

Duolingo 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.