UMB Bank n.a. Has $120,000 Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

UMB Bank n.a. boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 110.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 388 shares of the company’s stock after purchasing an additional 204 shares during the period. UMB Bank n.a.’s holdings in Duolingo were worth $120,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in Duolingo by 39.9% during the fourth quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Duolingo by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock worth $1,148,486,000 after purchasing an additional 70,705 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Duolingo by 0.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company’s stock worth $434,398,000 after purchasing an additional 10,638 shares during the period. Invesco Ltd. increased its stake in shares of Duolingo by 53.5% in the fourth 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 period. Finally, Geode Capital Management LLC increased its stake in shares of Duolingo by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 683,498 shares of the company’s stock worth $221,676,000 after purchasing an additional 10,698 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling

In related news, insider Robert Meese sold 5,351 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $320.02, for a total value of $1,712,427.02. Following the completion of the transaction, the insider now directly owns 133,805 shares of the company’s stock, valued at approximately $42,820,276.10. This represents a 3.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $292.43, for a total transaction of $2,924,300.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $21,054.96. The trade was a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 94,833 shares of company stock valued at $34,257,319. Company insiders own 15.67% of the company’s stock.

Duolingo Price Performance

DUOL opened at $481.48 on Friday. 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, Inc. has a 12 month low of $145.05 and a 12 month high of $544.93. The company has a fifty day simple moving average of $444.87 and a 200 day simple moving average of $377.75. The stock has a market cap of $21.89 billion, a P/E ratio of 263.11 and a beta of 1.00.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $230.74 million during the quarter, compared to analysts’ expectations of $223.15 million. The company’s quarterly revenue was up 37.6% on a year-over-year basis. On average, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

DUOL has been the topic of several research reports. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target on the stock in a research note on Tuesday, March 18th. UBS Group reissued an “overweight” rating on shares of Duolingo in a report on Thursday, May 22nd. Evercore ISI boosted their price objective on shares of Duolingo from $400.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Morgan Stanley boosted their price objective on shares of Duolingo from $435.00 to $515.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group upped their target price on shares of Duolingo from $340.00 to $403.00 and gave the company a “neutral” rating in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and a consensus price target of $441.29.

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.