Fifth Third Bancorp Purchases 42 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Fifth Third Bancorp raised its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 19.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 260 shares of the company’s stock after acquiring an additional 42 shares during the quarter. Fifth Third Bancorp’s holdings in Duolingo were worth $84,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUOL. FMR LLC boosted its holdings in Duolingo by 26.9% during the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after purchasing an additional 564,173 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Duolingo by 30,909.9% in the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after acquiring an additional 353,918 shares in the last quarter. Spyglass Capital Management LLC acquired a new stake in shares of Duolingo in the third quarter valued at about $38,512,000. Charles Schwab Investment Management Inc. raised its holdings in Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after acquiring an additional 101,653 shares in the last quarter. Finally, Bamco Inc. NY bought a new stake in Duolingo during the third quarter worth about $25,808,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DUOL has been the subject of a number of analyst reports. JMP Securities downgraded Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Jefferies Financial Group started coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 target price for the company. Scotiabank initiated coverage on shares of Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $355.55.

Insider Buying and Selling at Duolingo

In related news, CFO Matthew Skaruppa sold 5,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the completion of the sale, the chief financial officer now directly owns 67,730 shares in the company, valued at $21,977,030.40. This represents a 6.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The disclosure for this sale can be found here. Insiders sold 281,124 shares of company stock valued at $95,033,738 in the last three months. Corporate insiders own 18.30% of the company’s stock.

Duolingo Stock Up 0.2 %

DUOL opened at $363.99 on Friday. 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 of $341.31 and a 200-day moving average of $279.66. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $378.48. The company has a market capitalization of $16.01 billion, a P/E ratio of 198.90 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The business’s revenue for the quarter was up 39.9% compared to the same quarter last year. On average, equities analysts expect that Duolingo, Inc. will post 2.03 EPS 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.