Fmr LLC Has $1.21 Billion Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

FMR LLC grew its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 39.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,726,561 shares of the company's stock after acquiring an additional 1,063,327 shares during the quarter. FMR LLC owned approximately 8.47% of Duolingo worth $1,208,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Duolingo in the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd increased its position in Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after buying an additional 101 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after acquiring an additional 113 shares during the period. Smithfield Trust Co grew its position in shares of Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after acquiring an additional 46 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Duolingo in the 4th quarter worth about $55,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on DUOL shares. UBS Group dropped their price target on shares of Duolingo from $430.00 to $400.00 and set a "buy" rating on the stock in a research note on Friday. Jefferies Financial Group began coverage on Duolingo in a research note on Friday, January 24th. They set a "hold" rating and a $370.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a research note on Tuesday. JMP Securities restated a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Finally, Needham & Company LLC increased their target price on shares of Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Seven 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 stock. Based on data from MarketBeat.com, Duolingo presently has a consensus rating of "Moderate Buy" and a consensus price target of $372.92.

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Insider Buying and Selling at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $292.43, for a total value of $2,924,300.00. Following the transaction, the insider now directly owns 72 shares of the company's stock, valued at approximately $21,054.96. This trade represents a 99.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Natalie Glance sold 3,482 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total value of $1,112,812.38. Following the completion of the sale, the insider now owns 127,251 shares of the company's stock, valued at approximately $40,668,147.09. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,332 shares of company stock worth $33,442,107 over the last ninety days. 18.30% of the stock is currently owned by insiders.

Duolingo Stock Up 3.9 %

DUOL stock traded up $12.41 during midday trading on Friday, reaching $329.35. The company had a trading volume of 866,829 shares, compared to its average volume of 743,015. The company has a 50 day moving average of $339.41 and a two-hundred day moving average of $328.63. The company has a market capitalization of $14.90 billion, a P/E ratio of 179.97 and a beta of 0.91. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. 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 released its quarterly earnings data 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 net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. On average, equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

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.