KBC Group NV Raises Stake in Duolingo, Inc. $DUOL

KBC Group NV increased its position in Duolingo, Inc. (NASDAQ:DUOL) by 660.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,262 shares of the company’s stock after buying an additional 6,307 shares during the period. KBC Group NV’s holdings in Duolingo were worth $716,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DUOL. EFG International AG purchased a new stake in Duolingo in the 4th quarter worth approximately $26,000. Globeflex Capital L P purchased a new position in shares of Duolingo during the 2nd quarter worth $77,000. AlphaCentric Advisors LLC purchased a new position in shares of Duolingo during the 4th quarter worth $33,000. Banque Cantonale Vaudoise acquired a new stake in shares of Duolingo during the third quarter worth $70,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Duolingo during the second quarter worth $89,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the subject of a number of recent analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Duolingo in a research report on Wednesday, June 17th. Wells Fargo & Company increased their target price on Duolingo from $81.00 to $82.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 7th. Zacks Research raised Duolingo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. KeyCorp restated a “sector weight” rating on shares of Duolingo in a report on Thursday, June 4th. Finally, Weiss Ratings raised shares of Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $167.17.

Duolingo Stock Up 1.3%

Shares of NASDAQ DUOL opened at $122.24 on Friday. Duolingo, Inc. has a 52-week low of $87.89 and a 52-week high of $468.00. The firm has a fifty day moving average of $120.62 and a 200-day moving average of $117.45. The stock has a market capitalization of $5.70 billion, a PE ratio of 14.07, a P/E/G ratio of 0.93 and a beta of 0.88. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The business had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. During the same period in the prior year, the firm posted $0.72 EPS. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. On average, analysts anticipate that Duolingo, Inc. will post 2.81 EPS for the current year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Robert Meese sold 1,420 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the sale, the insider directly owned 170,745 shares in the company, valued at $19,150,759.20. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,977 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $113.61, for a total value of $224,606.97. Following the completion of the transaction, the general counsel owned 52,807 shares in the company, valued at approximately $5,999,403.27. This trade represents a 3.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last 90 days, insiders sold 9,506 shares of company stock valued at $1,073,864. Company insiders own 16.62% of the company’s stock.

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.