Duolingo, Inc. (NASDAQ:DUOL) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 20.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 313 shares of the company’s stock after acquiring an additional 53 shares during the period. Fifth Third Bancorp’s holdings in Duolingo were worth $97,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DUOL. Contravisory Investment Management Inc. purchased a new position in Duolingo in the 1st quarter valued at about $25,000. Quarry LP lifted its stake in Duolingo by 250.0% in the 4th quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after buying an additional 65 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its stake in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after buying an additional 101 shares in the last quarter. Versant Capital Management Inc lifted its stake in Duolingo by 323.1% in the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company’s stock valued at $34,000 after buying an additional 84 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after buying an additional 113 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Up 0.5%

DUOL stock opened at $478.73 on Friday. The firm has a market cap of $21.76 billion, a PE ratio of 235.83, a PEG ratio of 3.67 and a beta of 1.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.68 and a current ratio of 2.68. The firm’s 50 day moving average price is $461.05 and its 200-day moving average price is $382.19. Duolingo, Inc. has a one year low of $145.05 and a one year high of $544.93.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.52 by $0.20. The business had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The business’s revenue for the quarter was up 37.6% on a year-over-year basis. On average, equities research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Piper Sandler set a $375.00 price target on shares of Duolingo in a research note on Friday, May 2nd. Needham & Company LLC raised their price target on shares of Duolingo from $400.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Scotiabank raised their target price on shares of Duolingo from $405.00 to $470.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 2nd. Morgan Stanley raised their target price on shares of Duolingo from $435.00 to $515.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Finally, DA Davidson raised their target price on shares of Duolingo from $470.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, May 30th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $441.29.

Insider Activity at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $327.41, for a total transaction of $2,619,280.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 3,482 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the completion of the sale, the insider now owns 127,251 shares in the company, valued at $40,668,147.09. This represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,833 shares of company stock valued at $27,374,419 over the last ninety days. Insiders own 15.67% of the company’s stock.

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.