Amundi Has $1.99 Million Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Amundi lowered its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 19.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,155 shares of the company's stock after selling 1,471 shares during the quarter. Amundi's holdings in Duolingo were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in Duolingo by 26.9% during the third quarter. FMR LLC now owns 2,663,234 shares of the company's stock valued at $751,085,000 after buying an additional 564,173 shares in the last quarter. Spyglass Capital Management LLC bought a new position in Duolingo during the third quarter worth $38,512,000. Charles Schwab Investment Management Inc. lifted its stake in Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company's stock worth $96,530,000 after purchasing an additional 101,653 shares during the last quarter. Bamco Inc. NY bought a new stake in Duolingo during the third quarter valued at $25,808,000. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Duolingo by 63.6% during the third quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company's stock worth $55,747,000 after purchasing an additional 76,875 shares during the period. Institutional investors own 91.59% of the company's stock.

Insider Transactions at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the completion of the sale, the general counsel now directly owns 34,634 shares of the company's stock, valued at approximately $15,069,946.08. This represents a 5.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew Skaruppa sold 5,000 shares of Duolingo stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the completion of the transaction, the chief financial officer now directly owns 67,730 shares in the company, valued at approximately $21,977,030.40. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 80,499 shares of company stock valued at $28,144,768 over the last three months. Company insiders own 18.30% of the company's stock.

Remove Ads

Duolingo Price Performance

Duolingo stock traded up $3.13 during midday trading on Friday, hitting $309.30. The company's stock had a trading volume of 866,322 shares, compared to its average volume of 700,667. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $13.99 billion, a PE ratio of 169.02 and a beta of 0.92. The stock's 50-day moving average price is $347.77 and its 200-day moving average price is $318.22.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). The business had revenue of $209.55 million for 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%. Analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DUOL. Jefferies Financial Group assumed coverage on shares of Duolingo in a report on Friday, January 24th. They issued a "hold" rating and a $370.00 price target for the company. Barclays upped their target price on Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. DA Davidson raised their price target on Duolingo from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Scotiabank started coverage on Duolingo in a research report on Thursday, December 5th. They issued a "sector outperform" rating and a $425.00 target price on the stock. Finally, Needham & Company LLC boosted their price target on shares of Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $376.25.

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.