Swiss National Bank Increases Position in Duolingo, Inc. (NASDAQ:DUOL)

Swiss National Bank raised its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,200 shares of the company's stock after acquiring an additional 4,900 shares during the quarter. Swiss National Bank owned approximately 0.15% of Duolingo worth $21,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Mount Lucas Management LP raised its holdings in Duolingo by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company's stock worth $378,000 after purchasing an additional 32 shares during the period. CIBC Asset Management Inc increased its position in Duolingo by 3.1% in the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company's stock worth $299,000 after buying an additional 32 shares in the last quarter. Atria Investments Inc raised its stake in shares of Duolingo by 3.9% in the fourth quarter. Atria Investments Inc now owns 1,029 shares of the company's stock worth $334,000 after buying an additional 39 shares during the period. Lisanti Capital Growth LLC lifted its position in shares of Duolingo by 0.3% during the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company's stock valued at $3,789,000 after buying an additional 40 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Duolingo by 19.3% during the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company's stock valued at $84,000 after acquiring an additional 42 shares during the period. Institutional investors own 91.59% of the company's stock.

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Wall Street Analysts Forecast Growth

DUOL has been the topic of a number of recent analyst reports. Scotiabank began coverage on shares of Duolingo in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 target price on the stock. JPMorgan Chase & Co. raised their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. The Goldman Sachs Group upped their target price on shares of Duolingo from $275.00 to $340.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Jefferies Financial Group started coverage on Duolingo in a report on Friday, January 24th. They set a "hold" rating and a $370.00 price target on the stock. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $376.25.

Duolingo Price Performance

Shares of NASDAQ DUOL traded up $3.13 during midday trading on Friday, reaching $309.30. 868,329 shares of the stock traded hands, compared to its average volume of 700,667. The company's 50 day moving average is $347.77 and its 200 day moving average is $318.22. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The stock has a market capitalization of $13.99 billion, a PE ratio of 169.02 and a beta of 0.92.

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

Insider Buying and Selling

In related news, insider Natalie Glance sold 9,020 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the sale, the insider now owns 130,733 shares in the company, valued at approximately $37,989,702.47. This represents a 6.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $293.80, for a total value of $2,350,400.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,499 shares of company stock worth $28,144,768. Corporate insiders own 18.30% of the company's stock.

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.