M&T Bank Corp Has $661,000 Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

M&T Bank Corp boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 26.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,129 shares of the company’s stock after buying an additional 443 shares during the quarter. M&T Bank Corp’s holdings in Duolingo were worth $661,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DUOL. FMR LLC increased its position in shares of Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after buying an additional 1,063,327 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Duolingo by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock valued at $1,148,486,000 after buying an additional 70,705 shares in the last quarter. Price T Rowe Associates Inc. MD increased 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 purchasing an additional 10,638 shares in the last quarter. Invesco Ltd. increased its holdings in Duolingo by 53.5% during 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 in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Duolingo by 1.6% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DUOL shares. Barclays raised their price objective on Duolingo from $330.00 to $375.00 and gave the company an “equal weight” rating in a report on Friday, May 2nd. Piper Sandler set a $375.00 price objective on shares of Duolingo in a research report on Friday, May 2nd. UBS Group reaffirmed an “overweight” rating on shares of Duolingo in a report on Thursday, May 22nd. The Goldman Sachs Group lifted their price objective on shares of Duolingo from $340.00 to $403.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Finally, Evercore ISI increased their target price on shares of Duolingo from $400.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $441.20.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $392.89, for a total transaction of $3,928,900.00. Following the completion of the transaction, the insider directly owned 72 shares in the company, valued at approximately $28,288.08. This trade represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 that occurred on Tuesday, April 29th. The shares were sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the transaction, the insider owned 118,805 shares of the company’s stock, valued at $46,927,975. The trade was a 4.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock worth $27,646,500 over the last three months. 18.30% of the stock is owned by insiders.

Duolingo Trading Up 0.5%

NASDAQ DUOL opened at $378.31 on Wednesday. The stock’s 50-day simple moving average is $470.33 and its two-hundred day simple moving average is $389.12. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $544.93. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $17.19 billion, a price-to-earnings ratio of 186.36, a PEG ratio of 2.89 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.20. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The firm had revenue of $230.74 million for the quarter, compared to analysts’ expectations of $223.15 million. Duolingo’s revenue for the quarter was up 37.6% compared to the same quarter last year. Research analysts forecast 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.