Fmr LLC Increases Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Fmr LLC boosted its position in Duolingo, Inc. (NASDAQ:DUOL) by 39.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,726,561 shares of the company’s stock after buying an additional 1,063,327 shares during the quarter. Fmr LLC owned approximately 0.08% of Duolingo worth $1,208,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo during the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd raised its holdings in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after buying an additional 101 shares during the last quarter. Global Retirement Partners LLC boosted its position in Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after buying an additional 113 shares during the period. Smithfield Trust Co grew its holdings in Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company’s stock worth $51,000 after acquiring an additional 46 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Duolingo in the fourth quarter valued at about $55,000. 91.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price on the stock in a research note on Tuesday, March 18th. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. JPMorgan Chase & Co. upped their target price on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Piper Sandler raised their price target on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Jefferies Financial Group initiated coverage on shares of Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $377.08.

Duolingo Price Performance

DUOL stock opened at $292.88 on Monday. 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 firm has a 50 day moving average price of $345.60 and a 200-day moving average price of $327.31. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 160.04 and a beta of 0.91.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. Equities research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity at Duolingo

In other news, General Counsel Stephen C. Chen sold 2,064 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares in the company, valued at approximately $15,069,946.08. This represents a 5.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Natalie Glance sold 9,020 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the sale, the insider now directly owns 130,733 shares of the company’s stock, valued at $37,989,702.47. This trade represents a 6.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,332 shares of company stock valued at $30,517,807. 18.30% of the stock is owned by insiders.

Duolingo 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.