Hancock Whitney Corp Acquires Shares of 1,347 Duolingo, Inc. (NASDAQ:DUOL)

Hancock Whitney Corp acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, Holdings Channel reports. The firm acquired 1,347 shares of the company’s stock, valued at approximately $437,000.

A number of other institutional investors also recently made changes to their positions in the business. FMR LLC increased its stake in shares of Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock worth $1,208,263,000 after buying an additional 1,063,327 shares during the last quarter. Vanguard Group Inc. grew its holdings in Duolingo by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock worth $1,148,486,000 after acquiring an additional 70,705 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Duolingo by 0.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company’s stock worth $434,398,000 after acquiring an additional 10,638 shares in the last quarter. Invesco Ltd. increased its position in shares of Duolingo by 53.5% in the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock worth $351,811,000 after purchasing an additional 378,225 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Duolingo by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 683,498 shares of the company’s stock valued at $221,676,000 after purchasing an additional 10,698 shares in the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DUOL has been the subject of a number of research reports. Morgan Stanley initiated coverage on Duolingo in a research note on Wednesday. They issued an “overweight” rating and a $435.00 price target for the company. The Goldman Sachs Group boosted their price target on Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Scotiabank reduced their price objective on Duolingo from $425.00 to $405.00 and set a “sector outperform” rating on the stock in a research note on Wednesday. Barclays boosted their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, JMP Securities restated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.15.

Insider Transactions at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the sale, the general counsel now directly owns 34,634 shares in the company, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total value of $3,478,320.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,868 shares of company stock worth $35,574,300. 18.30% of the stock is owned by corporate insiders.

Duolingo Stock Performance

DUOL stock opened at $381.83 on Friday. The firm has a 50 day moving average of $325.71 and a two-hundred day moving average of $332.68. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 208.65 and a beta of 0.91. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (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 business had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

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.