Franchise Capital Ltd Takes $2.97 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

Franchise Capital Ltd bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,163 shares of the company’s stock, valued at approximately $2,971,000. Duolingo comprises approximately 1.4% of Franchise Capital Ltd’s holdings, making the stock its 11th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Duolingo by 60.1% during the fourth quarter. GAMMA Investing LLC now owns 570 shares of the company’s stock worth $185,000 after buying an additional 214 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock worth $55,747,000 after acquiring an additional 76,875 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Duolingo by 8.0% during the 3rd quarter. Tidal Investments LLC now owns 1,561 shares of the company’s stock worth $440,000 after acquiring an additional 115 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Duolingo in the 3rd quarter valued at $199,000. Finally, Geode Capital Management LLC lifted its holdings in Duolingo by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock valued at $189,790,000 after purchasing an additional 16,481 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. JMP Securities cut shares of Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Needham & Company LLC raised their price objective on shares of Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and upped their target price for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Finally, DA Davidson lifted their price target on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Six 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.90.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $280.91, for a total value of $421,365.00. Following the sale, the insider now directly owns 138,260 shares in the company, valued at approximately $38,838,616.60. This trade represents a 1.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ahn Luis Von sold 41,759 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The disclosure for this sale can be found here. Insiders sold a total of 245,160 shares of company stock worth $83,163,216 over the last three months. Corporate insiders own 18.30% of the company’s stock.

Duolingo Stock Performance

NASDAQ:DUOL opened at $325.88 on Friday. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 178.08 and a beta of 0.85. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $378.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The stock has a fifty day moving average price of $331.35 and a 200-day moving average price of $259.10.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Duolingo’s revenue was up 39.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 earnings per share. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

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.