2,110 Shares in Duolingo, Inc. $DUOL Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,110 shares of the company’s stock, valued at approximately $865,000.

A number of other large investors have also added to or reduced their stakes in DUOL. T. Rowe Price Investment Management Inc. raised its position in shares of Duolingo by 110.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock worth $307,716,000 after acquiring an additional 520,069 shares during the last quarter. Invesco Ltd. raised its stake in Duolingo by 24.1% in the 1st 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 during the period. Nuveen LLC purchased a new position in Duolingo during the 1st quarter valued at about $42,950,000. 1832 Asset Management L.P. increased its holdings in shares of Duolingo by 746.9% in the first quarter. 1832 Asset Management L.P. now owns 137,200 shares of the company’s stock worth $42,606,000 after purchasing an additional 121,000 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Duolingo by 123.8% during the 1st quarter. AQR Capital Management LLC now owns 201,692 shares of the company’s stock worth $61,478,000 after acquiring an additional 111,589 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Up 3.0%

Duolingo stock opened at $270.64 on Friday. 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, Inc. has a 12 month low of $256.63 and a 12 month high of $544.93. The stock has a market capitalization of $12.40 billion, a PE ratio of 111.37, a price-to-earnings-growth ratio of 1.73 and a beta of 0.86. The business has a 50 day simple moving average of $305.64 and a 200-day simple moving average of $379.69.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DUOL. Zacks Research lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. KeyCorp raised shares of Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 price target on the stock in a report on Monday, August 18th. Baird R W raised Duolingo to a “hold” rating in a report on Friday, September 5th. JMP Securities reduced their price target on Duolingo from $475.00 to $450.00 and set a “market outperform” rating on the stock in a report on Monday, July 28th. Finally, Wall Street Zen cut Duolingo from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $414.05.

Insider Activity at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,283 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the sale, the insider directly owned 116,171 shares in the company, valued at $36,280,203.30. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Skaruppa sold 10,937 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total value of $3,471,294.43. Following the transaction, the chief financial officer directly owned 43,345 shares of the company’s stock, valued at $13,757,269.55. The trade was a 20.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 83,791 shares of company stock valued at $26,462,201 over the last 90 days. Corporate 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.