Duolingo, Inc. $DUOL Shares Bought by Signaturefd LLC

Signaturefd LLC grew its stake in Duolingo, Inc. (NASDAQ:DUOL) by 48.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201 shares of the company’s stock after buying an additional 66 shares during the period. Signaturefd LLC’s holdings in Duolingo were worth $82,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. lifted its position in 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 during the last quarter. Invesco Ltd. boosted its holdings 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. Nuveen LLC acquired a new stake in shares of Duolingo in the 1st quarter valued at approximately $42,950,000. 1832 Asset Management L.P. lifted its holdings in Duolingo by 746.9% in the first quarter. 1832 Asset Management L.P. now owns 137,200 shares of the company’s stock valued at $42,606,000 after acquiring an additional 121,000 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Duolingo by 123.8% during the first quarter. AQR Capital Management LLC now owns 201,692 shares of the company’s stock worth $61,478,000 after buying an additional 111,589 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Price Performance

DUOL stock opened at $322.63 on Friday. The firm has a market cap of $14.78 billion, a P/E ratio of 132.77, a price-to-earnings-growth ratio of 2.15 and a beta of 0.86. The stock has a 50-day simple moving average of $317.53 and a 200-day simple moving average of $380.39. Duolingo, Inc. has a 1 year low of $256.63 and a 1 year high of $544.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.36. The business had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, equities analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.55, for a total value of $2,685,500.00. Following the completion of the transaction, the insider directly owned 72 shares in the company, valued at approximately $19,335.60. 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 this link. Also, General Counsel Stephen C. Chen sold 1,515 shares of Duolingo stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $321.36, for a total value of $486,860.40. Following the completion of the transaction, the general counsel owned 32,638 shares of the company’s stock, valued at approximately $10,488,547.68. The trade was a 4.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,508 shares of company stock valued at $26,605,621. Corporate insiders own 15.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DUOL. Citigroup reduced their price target on shares of Duolingo from $400.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. DA Davidson downgraded Duolingo from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $500.00 to $300.00 in a research note on Thursday, September 4th. Wall Street Zen downgraded Duolingo from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Needham & Company LLC restated a “buy” rating and issued a $460.00 price target on shares of Duolingo in a research report on Wednesday, September 17th. Finally, Citizens Jmp decreased their price objective on shares of Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating on the stock in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $419.32.

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.