Russell Investments Group Ltd. boosted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 52.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,036 shares of the company's stock after purchasing an additional 10,366 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of Duolingo worth $9,748,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. MML Investors Services LLC bought a new stake in shares of Duolingo during the third quarter valued at approximately $1,301,000. Barclays PLC raised its stake in shares of Duolingo by 90.9% in the 3rd quarter. Barclays PLC now owns 42,613 shares of the company's stock valued at $12,018,000 after buying an additional 20,289 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Duolingo by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company's stock worth $189,790,000 after acquiring an additional 16,481 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Duolingo during the 3rd quarter valued at about $199,000. Finally, Tidal Investments LLC increased its stake in Duolingo by 8.0% in the third quarter. Tidal Investments LLC now owns 1,561 shares of the company's stock valued at $440,000 after acquiring an additional 115 shares during the period. 91.59% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
DUOL has been the topic of several analyst reports. DA Davidson upped their price objective on Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Barclays raised their price target on Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on Duolingo from $410.00 to $360.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. UBS Group decreased their price objective on shares of Duolingo from $430.00 to $400.00 and set a "buy" rating on the stock in a report on Friday. Finally, Jefferies Financial Group began coverage on shares of Duolingo in a report on Friday, January 24th. They issued a "hold" rating and a $370.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $372.92.
View Our Latest Stock Analysis on Duolingo
Insiders Place Their Bets
In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. This trade represents a 5.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The disclosure for this sale can be found here. Insiders sold 94,868 shares of company stock worth $32,042,420 in the last quarter. 18.30% of the stock is currently owned by corporate insiders.
Duolingo Stock Performance
Duolingo stock traded down $1.50 during mid-day trading on Tuesday, hitting $325.17. 437,108 shares of the company's stock traded hands, compared to its average volume of 742,976. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 177.69 and a beta of 0.91. The firm has a 50 day simple moving average of $338.10 and a two-hundred day simple moving average of $329.32. 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 (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. On average, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.
Duolingo Company Profile
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Free Report)
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.
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