Fifth Third Bancorp Has $898,000 Holdings in Duolingo, Inc. $DUOL

Fifth Third Bancorp lifted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 3,588.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,110 shares of the company’s stock after acquiring an additional 8,863 shares during the period. Fifth Third Bancorp’s holdings in Duolingo were worth $898,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC raised its stake in shares of Duolingo by 194.1% in the 1st quarter. Root Financial Partners LLC now owns 250 shares of the company’s stock valued at $25,000 after acquiring an additional 165 shares in the last quarter. EFG International AG bought a new stake in Duolingo during the fourth quarter worth approximately $26,000. AlphaCentric Advisors LLC bought a new stake in Duolingo during the fourth quarter worth approximately $33,000. Banque Cantonale Vaudoise grew its holdings in Duolingo by 51.1% during the first quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Duolingo during the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Activity

In other news, insider Natalie Glance sold 3,360 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 Duolingo stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.61, for a total transaction of $224,606.97. Following the sale, the general counsel owned 52,807 shares in the company, valued at approximately $5,999,403.27. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 90 days, insiders sold 9,506 shares of company stock worth $1,073,864. 16.62% of the stock is currently owned by corporate insiders.

Duolingo Stock Performance

Shares of DUOL opened at $122.24 on Monday. Duolingo, Inc. has a 12-month low of $87.89 and a 12-month high of $468.00. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 0.93 and a beta of 0.88. The stock’s 50-day moving average price is $120.62 and its 200 day moving average price is $116.97.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping 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 company had revenue of $291.97 million during the quarter, compared to the consensus estimate of $288.60 million. During the same quarter last year, the company earned $0.72 EPS. The company’s quarterly revenue was up 26.5% on a year-over-year basis. As a group, research analysts predict that Duolingo, Inc. will post 2.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DUOL shares. Zacks Research upgraded shares of Duolingo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. KeyCorp reiterated a “sector weight” rating on shares of Duolingo in a research note on Thursday, June 4th. UBS Group reiterated a “neutral” rating on shares of Duolingo in a report on Wednesday, June 17th. Evercore set a $97.00 target price on shares of Duolingo in a research report on Tuesday, May 5th. Finally, Wedbush started coverage on shares of Duolingo in a report on Thursday, July 16th. They set a “neutral” rating and a $139.00 price target for the company. 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. Based on data from MarketBeat, Duolingo presently has a consensus rating of “Hold” and a consensus price target of $167.17.

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.