Xponance Inc. Has $1.53 Million Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Xponance Inc. grew its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 308.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,352 shares of the company’s stock after acquiring an additional 5,552 shares during the period. Xponance Inc.’s holdings in Duolingo were worth $1,534,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. UBS Group AG increased its position in Duolingo by 76.4% during the fourth quarter. UBS Group AG now owns 35,563 shares of the company’s stock worth $8,067,000 after buying an additional 15,404 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Duolingo by 73.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock worth $80,459,000 after acquiring an additional 154,659 shares in the last quarter. Mark Asset Management LP acquired a new position in shares of Duolingo during the 4th quarter valued at about $6,797,000. Vanguard Group Inc. raised its stake in shares of Duolingo by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after acquiring an additional 67,004 shares in the last quarter. Finally, State of Michigan Retirement System acquired a new stake in Duolingo in the 2nd quarter worth approximately $1,857,000. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Piper Sandler reiterated an “overweight” rating and set a $271.00 price target on shares of Duolingo in a report on Friday, August 30th. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. DA Davidson reissued a “buy” rating and set a $250.00 target price on shares of Duolingo in a research report on Tuesday, September 10th. Needham & Company LLC raised their price target on Duolingo from $245.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Duolingo has an average rating of “Moderate Buy” and an average price target of $255.50.

Insider Transactions at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $198.61, for a total value of $1,986,100.00. Following the sale, the insider now owns 72 shares of the company’s stock, valued at $14,299.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $198.61, for a total transaction of $1,986,100.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $14,299.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Meese sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the transaction, the insider now owns 142,053 shares in the company, valued at $40,490,787.12. The disclosure for this sale can be found here. In the last three months, insiders sold 106,374 shares of company stock valued at $22,019,727. Company insiders own 18.30% of the company’s stock.

Duolingo Trading Up 0.0 %

Shares of DUOL opened at $278.03 on Friday. The stock’s 50-day moving average price is $208.21 and its 200 day moving average price is $206.23. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 286.63 and a beta of 0.76. Duolingo, Inc. has a 12-month low of $140.16 and a 12-month high of $297.56.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The business had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.13 million. During the same period in the previous year, the business posted $0.08 earnings per share. Duolingo’s quarterly revenue was up 40.6% on a year-over-year basis. As a group, research analysts predict that Duolingo, Inc. will post 1.87 earnings per share for the current year.

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.