Duolingo, Inc. $DUOL Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in Duolingo, Inc. (NASDAQ:DUOL) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,040 shares of the company’s stock after purchasing an additional 4,342 shares during the quarter. Principal Financial Group Inc. owned about 0.19% of Duolingo worth $8,875,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. NewEdge Advisors LLC grew its stake in Duolingo by 1,868.2% during the 1st quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock worth $134,000 after buying an additional 411 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Duolingo by 123.9% in the first quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock valued at $27,190,000 after buying an additional 48,451 shares during the last quarter. Focus Partners Wealth boosted its holdings in Duolingo by 28.3% in the first quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock worth $628,000 after acquiring an additional 446 shares in the last quarter. Amundi boosted its holdings in Duolingo by 142.1% in the second quarter. Amundi now owns 26,075 shares of the company’s stock worth $10,352,000 after acquiring an additional 15,306 shares in the last quarter. Finally, Gabelli Funds LLC purchased a new stake in shares of Duolingo during the second quarter worth about $205,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DUOL shares. Evercore set a $97.00 price objective on shares of Duolingo in a report on Tuesday, May 5th. Morgan Stanley lifted their target price on shares of Duolingo from $95.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 16th. Needham & Company LLC reissued a “buy” rating and set a $145.00 target price on shares of Duolingo in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Finally, Zacks Research raised shares of Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $167.17.

Duolingo Stock Performance

Shares of NASDAQ:DUOL opened at $122.24 on Monday. 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, Inc. has a 52-week low of $87.89 and a 52-week high of $468.00. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.93 and a beta of 0.88. The business has a 50-day moving average price of $120.62 and a 200-day moving average price of $116.97.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Monday, May 4th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The firm had revenue of $291.97 million for the quarter, compared to analyst estimates of $288.60 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Duolingo’s revenue for the quarter was up 26.5% on a year-over-year basis. Equities analysts predict that Duolingo, Inc. will post 2.81 EPS for the current year.

Insider Buying and Selling at Duolingo

In related news, General Counsel Stephen C. Chen sold 1,977 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were 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 of the company’s stock, valued at $5,999,403.27. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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, insider Natalie Glance sold 3,360 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $113.59, for a total transaction of $381,662.40. Following the transaction, the insider directly owned 173,401 shares of the company’s stock, valued at approximately $19,696,619.59. This trade represents a 1.90% decrease in their position. 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. In the last ninety days, insiders sold 9,506 shares of company stock worth $1,073,864. Company insiders own 16.62% of the company’s stock.

Duolingo Company Profile

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.