Duolingo, Inc. (NASDAQ:DUOL) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 672,800 shares of the company's stock after buying an additional 16,481 shares during the period. Geode Capital Management LLC owned approximately 1.55% of Duolingo worth $189,790,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. True Wealth Design LLC purchased a new stake in shares of Duolingo during the 3rd quarter worth about $26,000. First Horizon Advisors Inc. acquired a new stake in Duolingo in the third quarter valued at approximately $29,000. Farther Finance Advisors LLC increased its position in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock valued at $36,000 after buying an additional 79 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Duolingo during the 2nd quarter worth approximately $32,000. Finally, Larson Financial Group LLC purchased a new position in shares of Duolingo during the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Stock Up 3.2 %

Shares of NASDAQ DUOL traded up $10.65 during midday trading on Monday, hitting $348.72. The company's stock had a trading volume of 637,281 shares, compared to its average volume of 688,768. 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 firm has a market capitalization of $15.34 billion, a price-to-earnings ratio of 184.74 and a beta of 0.85. The business's fifty day simple moving average is $317.36 and its two-hundred day simple moving average is $246.15. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $378.48.

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

Insider Buying and Selling

In related news, insider Robert Meese sold 4,819 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total transaction of $1,156,656.38. Following the transaction, the insider now owns 157,053 shares in the company, valued at $37,695,861.06. This trade represents a 2.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Severin Hacker sold 188,901 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the completion of the sale, the insider now owns 72 shares of the company's stock, valued at approximately $24,446.88. This represents a 99.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,220 shares of company stock worth $69,516,702 over the last 90 days. 18.30% of the stock is owned by insiders.

Analyst Ratings Changes

DUOL has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price objective on shares of Duolingo from $250.00 to $275.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. JMP Securities lowered Duolingo from an "outperform" rating to a "market perform" rating in a research note on Monday, October 14th. JPMorgan Chase & Co. boosted their price target on Duolingo from $360.00 to $400.00 and gave the stock an "overweight" rating in a research report on Thursday. Barclays raised their price objective on Duolingo from $183.00 to $295.00 and gave the company an "equal weight" rating in a report on Thursday, November 7th. Finally, Seaport Res Ptn lowered shares of Duolingo from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Duolingo has a consensus rating of "Moderate Buy" and an average price target of $352.40.

Duolingo Company 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.