7,000 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by Arrow Capital Pty Ltd

Arrow Capital Pty Ltd purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,000 shares of the company's stock, valued at approximately $2,270,000. Duolingo makes up approximately 2.1% of Arrow Capital Pty Ltd's portfolio, making the stock its 24th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after purchasing an additional 1,063,327 shares during the period. Vanguard Group Inc. grew its holdings 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 worth $1,148,486,000 after purchasing an additional 70,705 shares during the last quarter. Invesco Ltd. boosted its position in Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock valued at $351,811,000 after buying an additional 378,225 shares in the last quarter. Geode Capital Management LLC raised its position in Duolingo by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 683,498 shares of the company's stock valued at $221,676,000 after purchasing an additional 10,698 shares during the last quarter. Finally, Norges Bank acquired a new position in Duolingo during the 4th quarter worth about $152,296,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DUOL. Jefferies Financial Group initiated coverage on Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective for the company. UBS Group dropped their target price on shares of Duolingo from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective for the company in a report on Tuesday, March 18th. JPMorgan Chase & Co. lowered their price target on shares of Duolingo from $410.00 to $360.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Needham & Company LLC increased their price objective on Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $372.92.

Duolingo Stock Performance

Shares of NASDAQ:DUOL traded up $17.29 on Tuesday, reaching $333.36. 196,844 shares of the company's stock were exchanged, compared to its average volume of 712,644. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The company has a fifty day moving average of $331.19 and a 200-day moving average of $330.76. The company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 182.58 and a beta of 0.91. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, research analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the sale, the insider now directly owns 72 shares of the company's stock, valued at approximately $28,185.12. The trade was a 99.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $434.79, for a total transaction of $3,478,320.00. The disclosure for this sale can be found here. Insiders have sold 84,868 shares of company stock valued at $28,754,200 over the last ninety days. 18.30% of the stock is owned by corporate insiders.

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.