Barclays PLC Boosts Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Barclays PLC raised its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 90.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,613 shares of the company's stock after purchasing an additional 20,289 shares during the period. Barclays PLC owned approximately 0.10% of Duolingo worth $12,018,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new stake in shares of Duolingo in the 3rd quarter valued at $26,000. First Horizon Advisors Inc. bought a new stake in Duolingo in the third quarter worth $29,000. Larson Financial Group LLC purchased a new stake in Duolingo during the second quarter valued at about $31,000. Blue Trust Inc. bought a new position in shares of Duolingo during the second quarter valued at about $32,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new position in shares of Duolingo in the second quarter worth about $36,000. Institutional investors own 91.59% of the company's stock.

Insider Transactions at Duolingo

In related news, insider Robert Meese sold 4,819 shares of the company's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total value of $1,156,656.38. Following the sale, the insider now directly owns 157,053 shares of the company's stock, valued at $37,695,861.06. This represents a 2.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now owns 136,760 shares of the company's stock, valued at approximately $42,855,113.60. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 208,220 shares of company stock valued at $69,516,702. Corporate insiders own 18.30% of the company's stock.

Duolingo Trading Up 3.2 %

NASDAQ DUOL traded up $10.65 during trading on Monday, hitting $348.72. The company had a trading volume of 637,281 shares, compared to its average volume of 688,766. The company's fifty day moving average is $317.36 and its 200-day moving average is $246.15. Duolingo, Inc. has a one year low of $145.05 and a one year high of $378.48. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market cap of $15.34 billion, a price-to-earnings ratio of 184.74 and a beta of 0.85.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $192.59 million for the quarter, compared to analysts' expectations of $189.19 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. Duolingo's quarterly revenue was up 39.9% on a year-over-year basis. On average, sell-side analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Bank of America cut Duolingo from a "buy" rating to a "neutral" rating and increased their target price for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Scotiabank began coverage on Duolingo in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Duolingo from $360.00 to $400.00 and gave the stock an "overweight" rating in a report on Thursday. Needham & Company LLC upped their price target on shares of Duolingo from $310.00 to $370.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their price target on shares of Duolingo from $250.00 to $275.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $352.40.

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.