Blair William & Co. IL Has $2.47 Million Stock Holdings in Duolingo, Inc. $DUOL

Blair William & Co. IL lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 583.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,681 shares of the company’s stock after purchasing an additional 6,557 shares during the quarter. Blair William & Co. IL’s holdings in Duolingo were worth $2,472,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Duolingo by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after buying an additional 116,135 shares during the period. Baillie Gifford & Co. boosted its holdings in Duolingo by 28.6% during the third quarter. Baillie Gifford & Co. now owns 2,827,834 shares of the company’s stock worth $910,110,000 after purchasing an additional 628,943 shares during the last quarter. State Street Corp grew its holdings in shares of Duolingo by 0.5% in the 2nd quarter. State Street Corp now owns 1,164,387 shares of the company’s stock valued at $477,422,000 after acquiring an additional 6,109 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Duolingo by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 759,956 shares of the company’s stock worth $311,930,000 after purchasing an additional 23,356 shares during the last quarter. Finally, Norges Bank bought a new stake in Duolingo during the second quarter worth $192,965,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of DUOL opened at $94.92 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.07. The stock has a market cap of $4.39 billion, a PE ratio of 11.14, a PEG ratio of 0.69 and a beta of 0.90. Duolingo, Inc. has a 12-month low of $91.99 and a 12-month high of $544.93. The business has a 50-day simple moving average of $129.99 and a two-hundred day simple moving average of $209.65.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. The firm had revenue of $282.87 million for the quarter, compared to analyst estimates of $275.95 million. Duolingo had a return on equity of 14.88% and a net margin of 39.91%.Duolingo’s revenue was up 35.0% compared to the same quarter last year. Analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 3,986 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $113.52, for a total transaction of $452,490.72. Following the sale, the chief financial officer directly owned 31,631 shares of the company’s stock, valued at $3,590,751.12. The trade was a 11.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Stephen C. Chen sold 1,901 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $113.26, for a total transaction of $215,307.26. Following the completion of the transaction, the general counsel owned 30,545 shares of the company’s stock, valued at approximately $3,459,526.70. This trade represents a 5.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,939 shares of company stock worth $1,676,291 over the last quarter. Insiders own 15.67% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the subject of several research reports. Evercore reaffirmed a “hold” rating and set a $114.00 price target on shares of Duolingo in a report on Friday, February 27th. Wells Fargo & Company dropped their price target on shares of Duolingo from $185.00 to $160.00 and set an “underweight” rating for the company in a research report on Thursday, January 8th. Jefferies Financial Group boosted their price target on Duolingo from $210.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. The Goldman Sachs Group reduced their price target on Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Duolingo in a research note on Monday, December 29th. Five analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $206.32.

Duolingo Company Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.