Franklin Resources Inc. Purchases 34,909 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Franklin Resources Inc. grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 17.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 239,249 shares of the company's stock after buying an additional 34,909 shares during the period. Franklin Resources Inc. owned 0.54% of Duolingo worth $77,572,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUOL. O Shaughnessy Asset Management LLC increased its position in Duolingo by 75.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,248 shares of the company's stock valued at $405,000 after purchasing an additional 536 shares during the period. California Public Employees Retirement System increased its position in shares of Duolingo by 20.8% during the fourth quarter. California Public Employees Retirement System now owns 57,124 shares of the company's stock valued at $18,521,000 after buying an additional 9,823 shares during the period. Dorsey Wright & Associates bought a new position in Duolingo in the fourth quarter worth about $2,270,000. Orion Portfolio Solutions LLC bought a new position in Duolingo in the fourth quarter worth about $212,000. Finally, New Age Alpha Advisors LLC purchased a new stake in Duolingo in the fourth quarter worth about $2,620,000. Institutional investors own 91.59% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Duolingo from $400.00 to $410.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Barclays increased their price objective on Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. The Goldman Sachs Group boosted their target price on shares of Duolingo from $275.00 to $340.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Needham & Company LLC increased their price target on shares of Duolingo from $385.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Finally, Piper Sandler boosted their price objective on shares of Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a research note 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 stock. Based on data from MarketBeat, Duolingo presently has a consensus rating of "Moderate Buy" and an average price target of $377.08.

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Duolingo Stock Up 5.1 %

Duolingo stock traded up $15.19 during trading hours on Tuesday, hitting $311.70. The stock had a trading volume of 287,623 shares, compared to its average volume of 852,713. The stock's 50-day moving average price is $345.00 and its 200-day moving average price is $327.54. The stock has a market capitalization of $14.10 billion, a P/E ratio of 170.43 and a beta of 0.91. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates 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. Equities research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Transactions at Duolingo

In other news, General Counsel Stephen C. Chen sold 2,064 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the completion of the transaction, the general counsel now directly owns 34,634 shares of the company's stock, valued at $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Natalie Glance sold 3,482 shares of the firm'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 transaction of $1,112,812.38. Following the completion of the sale, the insider now owns 127,251 shares in the company, valued at $40,668,147.09. This represents a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,332 shares of company stock worth $30,517,807 over the last quarter. 18.30% of the stock is currently owned by insiders.

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.