Fideuram Intesa Sanpaolo Private Banking S.P.A. Boosts Holdings in Duolingo, Inc. $DUOL

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 40.6% during the first quarter, HoldingsChannel reports. The firm owned 39,311 shares of the company’s stock after purchasing an additional 11,361 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Duolingo were worth $3,875,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Root Financial Partners LLC grew its holdings in Duolingo by 194.1% during the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after purchasing an additional 165 shares in the last quarter. USS Investment Management Ltd acquired a new position in Duolingo in the 1st quarter worth $6,252,000. Janney Montgomery Scott LLC lifted its holdings in Duolingo by 214.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,063 shares of the company’s stock worth $795,000 after buying an additional 5,501 shares in the last quarter. MRA Advisory Group boosted its position in Duolingo by 33.6% in the 1st quarter. MRA Advisory Group now owns 2,635 shares of the company’s stock valued at $260,000 after buying an additional 663 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in Duolingo by 5.4% in the 1st quarter. Pictet Asset Management Holding SA now owns 5,521 shares of the company’s stock valued at $544,000 after buying an additional 284 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on DUOL shares. JPMorgan Chase & Co. lifted their target price on Duolingo from $92.00 to $94.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. KeyCorp restated a “sector weight” rating on shares of Duolingo in a research note on Thursday, June 4th. DA Davidson restated a “neutral” rating and set a $120.00 price objective on shares of Duolingo in a report on Monday, June 29th. Weiss Ratings upgraded Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, Morgan Stanley reduced their target price on Duolingo from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $175.41.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,360 shares of the stock in a transaction 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 sale, the insider directly owned 173,401 shares of the company’s stock, valued at approximately $19,696,619.59. This represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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, 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 transaction 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. The trade was 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. Insiders sold a total of 9,506 shares of company stock worth $1,073,864 over the last 90 days. Insiders own 16.62% of the company’s stock.

Duolingo Stock Performance

Shares of NASDAQ DUOL opened at $125.76 on Friday. The stock’s 50 day moving average price is $114.19 and its two-hundred day moving average price is $123.03. Duolingo, Inc. has a 52-week low of $87.89 and a 52-week high of $468.00. The stock has a market capitalization of $5.86 billion, a P/E ratio of 14.47, a PEG ratio of 0.98 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 posted its quarterly earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $288.60 million. During the same period in the prior year, the company posted $0.72 EPS. The business’s revenue was up 26.5% compared to the same quarter last year. On average, analysts anticipate that Duolingo, Inc. will post 2.76 earnings per share for the current fiscal year.

About Duolingo

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.