LPL Financial LLC Raises Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

LPL Financial LLC grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 73.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,198 shares of the company's stock after purchasing an additional 1,776 shares during the quarter. LPL Financial LLC's holdings in Duolingo were worth $1,361,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in Duolingo by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company's stock worth $112,330,000 after acquiring an additional 4,171 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company's stock valued at $55,747,000 after buying an additional 76,875 shares during the period. Rhumbline Advisers boosted its holdings in shares of Duolingo by 1.3% during the fourth quarter. Rhumbline Advisers now owns 106,345 shares of the company's stock worth $34,480,000 after purchasing an additional 1,403 shares during the period. Swiss National Bank grew its position in shares of Duolingo by 8.0% in the 4th quarter. Swiss National Bank now owns 66,200 shares of the company's stock worth $21,464,000 after buying an additional 4,900 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. bought a new position in Duolingo in the 4th quarter worth $20,492,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on DUOL shares. Barclays upped their target price on shares of Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. The Goldman Sachs Group increased their target price on shares of Duolingo from $275.00 to $340.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Piper Sandler boosted their price objective on Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. UBS Group dropped their target price on shares of Duolingo from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price objective on Duolingo from $410.00 to $360.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $372.92.

Insider Activity at Duolingo

In related news, CEO Ahn Luis Von sold 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $434.79, for a total transaction of $3,478,320.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $391.46, for a total value of $3,914,600.00. Following the completion of the sale, the insider now directly owns 72 shares of the company's stock, valued at $28,185.12. The trade was a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,868 shares of company stock valued at $28,754,200 over the last ninety days. Insiders own 18.30% of the company's stock.

Duolingo Stock Up 4.9 %

Shares of NASDAQ DUOL traded up $15.53 during midday trading on Tuesday, hitting $331.60. The company's stock had a trading volume of 273,832 shares, compared to its average volume of 836,119. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The firm has a market capitalization of $15.00 billion, a price-to-earnings ratio of 181.21 and a beta of 0.91. The business's fifty day simple moving average is $331.19 and its two-hundred day simple moving average is $330.76.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million for the quarter, compared to analysts' expectations of $205.49 million. On average, equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

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.