Jump Financial LLC Has $5.12 Million Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Jump Financial LLC lessened its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 68.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,775 shares of the company's stock after selling 33,778 shares during the quarter. Jump Financial LLC's holdings in Duolingo were worth $5,115,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DUOL. FMR LLC grew its position in shares of Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock valued at $1,208,263,000 after buying an additional 1,063,327 shares during the last quarter. Norges Bank bought a new position in shares of Duolingo during the fourth quarter valued at approximately $152,296,000. Invesco Ltd. raised its position in shares of Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after purchasing an additional 378,225 shares during the period. Federated Hermes Inc. boosted its position in Duolingo by 33.5% during the 4th quarter. Federated Hermes Inc. now owns 351,231 shares of the company's stock valued at $113,880,000 after purchasing an additional 88,218 shares during the period. Finally, Lord Abbett & CO. LLC grew its stake in Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company's stock worth $55,747,000 after buying an additional 76,875 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DUOL shares. Piper Sandler raised their target price on Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Jefferies Financial Group began coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. DA Davidson lifted their price target on Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a report on Thursday, March 27th. Finally, 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. Seven 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. According to MarketBeat, Duolingo presently has an average rating of "Moderate Buy" and a consensus target price of $372.92.

Duolingo Price Performance

Shares of DUOL stock traded up $0.10 during mid-day trading on Friday, hitting $326.50. 523,573 shares of the stock traded hands, compared to its average volume of 715,468. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 178.42 and a beta of 0.91. The company's 50-day simple moving average is $332.83 and its 200-day simple moving average is $330.21. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly 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 business had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. As a group, equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated 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 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $327.41, for a total value of $2,619,280.00. The disclosure for this sale can be found here. Insiders have sold 94,868 shares of company stock worth $32,093,700 in the last ninety days. 18.30% of the stock is currently owned by corporate insiders.

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.