Lazard Freres Gestion S.A.S. Takes $2.11 Million Position in Duolingo, Inc. $DUOL

Lazard Freres Gestion S.A.S. purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,000 shares of the company’s stock, valued at approximately $2,106,000.

Other hedge funds also recently made changes to their positions in the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Duolingo in the 3rd quarter valued at approximately $32,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Duolingo in the 3rd quarter valued at approximately $47,000. Cornerstone Planning Group LLC boosted its stake in shares of Duolingo by 8,900.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock valued at $58,000 after purchasing an additional 178 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in shares of Duolingo by 59.1% in the 4th quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 350 shares of the company’s stock valued at $61,000 after purchasing an additional 130 shares in the last quarter. Finally, Huntington National Bank boosted its stake in shares of Duolingo by 103.0% in the 3rd quarter. Huntington National Bank now owns 205 shares of the company’s stock valued at $66,000 after purchasing an additional 104 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Up 0.8%

Shares of DUOL opened at $114.10 on Wednesday. The company has a market capitalization of $5.32 billion, a PE ratio of 13.13, a PEG ratio of 0.86 and a beta of 0.90. Duolingo, Inc. has a 12 month low of $87.89 and a 12 month high of $540.30. The stock’s 50-day moving average price is $101.15 and its two-hundred day moving average price is $141.61. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.79 by $0.10. The firm had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The business’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. On average, analysts anticipate that Duolingo, Inc. will post 2.84 EPS for the current year.

Insider Activity

In other Duolingo news, insider Natalie Glance sold 3,360 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the transaction, the insider owned 173,401 shares in the company, valued at approximately $19,696,619.59. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director James H. Shelton purchased 5,000 shares of the stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average price of $99.76 per share, with a total value of $498,800.00. Following the acquisition, the director owned 9,632 shares in the company, valued at approximately $960,888.32. The trade was a 107.94% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 9,506 shares of company stock worth $1,073,864 in the last 90 days. 16.62% of the stock is owned by company insiders.

Analysts Set New Price Targets

DUOL has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 22nd. Evercore set a $97.00 target price on shares of Duolingo in a research report on Tuesday, May 5th. The Goldman Sachs Group cut their target price on shares of Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Argus reiterated a “hold” rating on shares of Duolingo in a research report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Duolingo from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $195.94.

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.