First Trust Advisors LP Raises Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

First Trust Advisors LP grew its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 67.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 177,152 shares of the company's stock after buying an additional 71,449 shares during the period. First Trust Advisors LP owned 0.40% of Duolingo worth $57,438,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. FMR LLC grew its holdings in shares of Duolingo by 39.9% during the fourth 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 last quarter. Norges Bank acquired a new stake in Duolingo during the 4th quarter worth $152,296,000. Invesco Ltd. boosted its holdings in Duolingo by 53.5% in the 4th 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 in the last quarter. Marshall Wace LLP lifted its holdings in shares of Duolingo by 36.6% in the 4th quarter. Marshall Wace LLP now owns 388,742 shares of the company's stock valued at $126,042,000 after buying an additional 104,114 shares during the period. Finally, Federated Hermes Inc. grew its holdings in Duolingo by 33.5% during the fourth quarter. Federated Hermes Inc. now owns 351,231 shares of the company's stock worth $113,880,000 after acquiring an additional 88,218 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Barclays increased their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Needham & Company LLC upped their price target on Duolingo from $385.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Jefferies Financial Group initiated coverage on Duolingo in a research note on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective for the company. Finally, Piper Sandler boosted their target price on Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Seven equities research 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's stock. Based on data from MarketBeat, Duolingo has an average rating of "Moderate Buy" and an average target price of $372.92.

Duolingo Stock Performance

Shares of NASDAQ DUOL opened at $336.34 on Wednesday. The company has a 50-day simple moving average of $329.31 and a 200-day simple moving average of $330.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The company has a market cap of $15.22 billion, a PE ratio of 183.79 and a beta of 0.91. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77.

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

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Monday, April 7th. The shares were sold at an average price of $292.43, for a total value of $2,924,300.00. Following the transaction, the insider now owns 72 shares in the company, valued at $21,054.96. This trade represents a 99.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $434.79, for a total value of $3,478,320.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,868 shares of company stock valued at $28,754,200. Insiders own 18.30% of the company's stock.

About Duolingo

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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