9,163 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by Franchise Capital Ltd

Franchise Capital Ltd bought a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 9,163 shares of the company's stock, valued at approximately $2,971,000. Duolingo accounts for about 1.4% of Franchise Capital Ltd's holdings, making the stock its 11th biggest holding.

Several other institutional investors also recently modified their holdings of the business. FMR LLC boosted its holdings in Duolingo by 26.9% in the third quarter. FMR LLC now owns 2,663,234 shares of the company's stock worth $751,085,000 after acquiring an additional 564,173 shares in the last quarter. State Street Corp raised its position in shares of Duolingo by 3.6% in the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company's stock worth $303,530,000 after purchasing an additional 36,923 shares during the last quarter. Dragoneer Investment Group LLC bought a new position in Duolingo in the 2nd quarter worth about $204,768,000. Geode Capital Management LLC grew its position in Duolingo by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company's stock valued at $189,790,000 after purchasing an additional 16,481 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Duolingo by 25.1% during the 2nd quarter. American Century Companies Inc. now owns 498,957 shares of the company's stock valued at $104,117,000 after purchasing an additional 100,167 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DUOL has been the topic of several analyst reports. Seaport Res Ptn downgraded shares of Duolingo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. Piper Sandler increased their target price on Duolingo from $271.00 to $351.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Barclays lifted their target price on Duolingo from $183.00 to $295.00 and gave the stock an "equal weight" rating in a report on Thursday, November 7th. DA Davidson upped their price target on Duolingo from $250.00 to $350.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, UBS Group lifted their price objective on Duolingo from $355.00 to $408.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $353.90.

Insiders Place Their Bets

In other news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the transaction, the insider now owns 132,239 shares in the company, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 250,160 shares of company stock worth $84,785,616 over the last quarter. 18.30% of the stock is currently owned by corporate insiders.

Duolingo Stock Performance

Shares of DUOL traded up $14.18 on Friday, reaching $340.06. The company's stock had a trading volume of 344,099 shares, compared to its average volume of 405,199. The stock's 50 day simple moving average is $331.35 and its two-hundred day simple moving average is $259.10. 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 stock has a market capitalization of $14.96 billion, a P/E ratio of 185.83 and a beta of 0.85. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $378.48.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.14. The business had revenue of $192.59 million for the quarter, compared to analysts' expectations of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company's revenue was up 39.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. Research analysts forecast that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal 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.