Duolingo, Inc. (NASDAQ:DUOL) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 962.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,613 shares of the company's stock after purchasing an additional 27,732 shares during the period. Bridgewater Associates LP owned approximately 0.07% of Duolingo worth $9,926,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. FMR LLC grew its stake in shares of Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after purchasing an additional 1,063,327 shares during the period. Vanguard Group Inc. boosted its position in shares of Duolingo by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock worth $1,148,486,000 after buying an additional 70,705 shares in the last quarter. Invesco Ltd. grew its position in shares of Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock valued at $351,811,000 after purchasing an additional 378,225 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Duolingo by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 683,498 shares of the company's stock worth $221,676,000 after purchasing an additional 10,698 shares in the last quarter. Finally, Norges Bank purchased a new stake in Duolingo in the 4th quarter valued at approximately $152,296,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Up 4.4 %

NASDAQ DUOL traded up $13.81 during mid-day trading on Tuesday, reaching $329.88. 94,692 shares of the company's stock traded hands, compared to its average volume of 712,228. The company has a fifty day simple moving average of $331.19 and a 200-day simple moving average of $330.76. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The company has a market cap of $14.92 billion, a price-to-earnings ratio of 180.50 and a beta of 0.91. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, equities research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a research note on Tuesday, March 18th. Piper Sandler upped their price objective on shares of Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Barclays lifted their target price on shares of Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. DA Davidson increased their target price on Duolingo from $400.00 to $410.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Jefferies Financial Group initiated coverage on shares of Duolingo in a research note on Friday, January 24th. They set a "hold" rating and a $370.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $372.92.

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 2,667 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the sale, the insider now owns 129,572 shares in the company, valued at $56,400,100.16. The trade was a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Skaruppa sold 3,284 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,429,459.52. Following the completion of the transaction, the chief financial officer now owns 59,982 shares in the company, valued at approximately $26,108,964.96. The trade was a 5.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,868 shares of company stock valued at $28,754,200 in the last quarter. Insiders own 18.30% of the company's stock.

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.