KBC Group NV Purchases 127 Shares of Duolingo, Inc. (NASDAQ:DUOL)

KBC Group NV boosted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 16.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 886 shares of the company’s stock after buying an additional 127 shares during the quarter. KBC Group NV’s holdings in Duolingo were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in DUOL. Mercer Global Advisors Inc. ADV raised its stake in shares of Duolingo by 3.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock valued at $409,000 after buying an additional 73 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Duolingo by 19.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock worth $109,000 after buying an additional 85 shares during the period. Strategic Advocates LLC grew its holdings in Duolingo by 8.3% during the 2nd quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock worth $240,000 after acquiring an additional 88 shares during the period. Finally, nVerses Capital LLC increased its holdings in Duolingo by 33.3% in the third quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $113,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

DUOL has been the topic of several analyst reports. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Piper Sandler upped their price target on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. UBS Group lifted their target price on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their price target on shares of Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Finally, Evercore ISI raised Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $331.33.

Duolingo Stock Performance

Shares of NASDAQ:DUOL opened at $322.07 on Wednesday. The company’s 50 day moving average price is $285.57 and its two-hundred day moving average price is $226.09. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $330.61. 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 firm has a market cap of $14.17 billion, a PE ratio of 175.99 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same period last year, the firm earned $0.06 EPS. The business’s quarterly revenue was up 39.9% compared to the same quarter last year. Equities research analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Insider Transactions at Duolingo

In other news, insider Robert Meese sold 5,000 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total value of $1,425,200.00. Following the completion of the sale, the insider now owns 142,053 shares of the company’s stock, valued at approximately $40,490,787.12. This represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the sale, the insider now directly owns 136,760 shares of the company’s stock, valued at $42,855,113.60. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,783 shares of company stock valued at $12,156,296. 18.30% of the stock is currently owned by insiders.

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.