Amundi Has $3.38 Million Holdings in Duolingo, Inc. $DUOL

Amundi lifted its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 75.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,769 shares of the company’s stock after acquiring an additional 4,614 shares during the period. Amundi’s holdings in Duolingo were worth $3,380,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Invesco Ltd. grew its stake in shares of Duolingo by 24.1% in the first quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock valued at $418,073,000 after acquiring an additional 261,212 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Duolingo by 110.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock valued at $307,716,000 after acquiring an additional 520,069 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Duolingo by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 431,464 shares of the company’s stock valued at $133,987,000 after acquiring an additional 1,506 shares in the last quarter. GAMMA Investing LLC lifted its position in Duolingo by 41,959.1% during the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company’s stock worth $74,448,000 after purchasing an additional 239,167 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Duolingo by 23.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 214,594 shares of the company’s stock worth $66,640,000 after purchasing an additional 40,812 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DUOL shares. Argus started coverage on shares of Duolingo in a research report on Wednesday, June 25th. They set a “buy” rating and a $575.00 price objective for the company. Zacks Research raised shares of Duolingo from a “hold” rating to a “strong-buy” rating in a research report on Monday. KeyCorp raised shares of Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 price objective for the company in a research report on Monday, August 18th. Citizens Jmp cut their price objective on shares of Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating for the company in a research report on Monday, July 28th. Finally, Wall Street Zen cut shares of Duolingo from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and a consensus price target of $420.63.

Duolingo Stock Up 8.2%

Shares of NASDAQ DUOL opened at $309.34 on Friday. The company has a 50 day simple moving average of $339.44 and a 200 day simple moving average of $379.97. The firm has a market cap of $14.17 billion, a PE ratio of 127.30, a price-to-earnings-growth ratio of 1.91 and a beta of 0.85. Duolingo, Inc. has a 1 year low of $223.20 and a 1 year high of $544.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.36. The business had revenue of $252.27 million during the quarter, compared to analyst estimates of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The firm’s quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter last year, the business earned $0.51 EPS. On average, research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 2,533 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $833,432.99. Following the completion of the sale, the insider owned 122,112 shares of the company’s stock, valued at approximately $40,178,511.36. This represents a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stephen C. Chen sold 1,515 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $321.36, for a total transaction of $486,860.40. Following the sale, the general counsel directly owned 32,638 shares of the company’s stock, valued at $10,488,547.68. This represents a 4.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 80,508 shares of company stock worth $28,428,221 in the last 90 days. Corporate insiders own 15.67% of the company’s stock.

About Duolingo

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.