Geode Capital Management LLC Boosts Position in Duolingo, Inc. (NASDAQ:DUOL)

Geode Capital Management LLC lifted its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 683,498 shares of the company's stock after acquiring an additional 10,698 shares during the quarter. Geode Capital Management LLC owned approximately 1.55% of Duolingo worth $221,676,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in DUOL. Norges Bank bought a new stake in shares of Duolingo in the fourth quarter valued at approximately $152,296,000. Lord Abbett & CO. LLC lifted its stake in shares of Duolingo by 63.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company's stock valued at $55,747,000 after acquiring an additional 76,875 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Duolingo by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock worth $1,148,486,000 after purchasing an additional 70,705 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new position in shares of Duolingo during the fourth quarter worth $20,492,000. Finally, WT Asset Management Ltd bought a new position in Duolingo during the 4th quarter worth approximately $20,264,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $333.95, for a total value of $3,339,500.00. Following the completion of the sale, the insider now owns 72 shares of the company's stock, valued at approximately $24,044.40. This trade represents a 99.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 2,667 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the transaction, the insider now owns 129,572 shares of the company's stock, valued at $56,400,100.16. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,332 shares of company stock worth $33,442,107 over the last three months. 18.30% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

Several brokerages have recently commented on DUOL. JPMorgan Chase & Co. reduced their price objective on shares of Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a research report on Tuesday. DA Davidson upped their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a report on Thursday, March 27th. JMP Securities restated a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. UBS Group set a $400.00 price target on Duolingo in a report on Tuesday, March 18th. Finally, Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective for the company in a report on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $372.92.

Duolingo Stock Down 6.4 %

NASDAQ:DUOL traded down $21.67 on Thursday, hitting $315.73. The stock had a trading volume of 180,299 shares, compared to its average volume of 859,384. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The firm's fifty day simple moving average is $341.50 and its two-hundred day simple moving average is $328.01. 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 stock has a market cap of $14.28 billion, a P/E ratio of 173.06 and a beta of 0.91.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued 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 business had revenue of $209.55 million for the quarter, compared to analysts' expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Analysts predict that Duolingo, Inc. will post 2.03 earnings per share 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.