Lord Abbett & CO. LLC lowered its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,455 shares of the company's stock after selling 16,215 shares during the period. Lord Abbett & CO. LLC owned about 0.41% of Duolingo worth $58,833,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC grew its position in Duolingo by 90.9% in the third quarter. Barclays PLC now owns 42,613 shares of the company's stock worth $12,018,000 after buying an additional 20,289 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Duolingo during the 3rd quarter worth $199,000. Tidal Investments LLC grew its holdings in shares of Duolingo by 8.0% in the 3rd quarter. Tidal Investments LLC now owns 1,561 shares of the company's stock worth $440,000 after acquiring an additional 115 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Duolingo by 60.1% during the fourth quarter. GAMMA Investing LLC now owns 570 shares of the company's stock worth $185,000 after purchasing an additional 214 shares during the period. Finally, Franchise Capital Ltd purchased a new stake in shares of Duolingo during the fourth quarter valued at $2,971,000. 91.59% of the stock is currently owned by institutional investors.
Duolingo Stock Up 0.2 %
Shares of DUOL traded up $0.79 during midday trading on Tuesday, reaching $385.13. 1,405,761 shares of the stock were exchanged, compared to its average volume of 719,663. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 210.45 and a beta of 0.91. 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, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The firm has a 50 day simple moving average of $324.75 and a 200-day simple moving average of $333.63.
Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The business had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.
Insider Activity at Duolingo
In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total value of $3,914,600.00. Following the completion of the sale, the insider now owns 72 shares of the company's stock, valued at $28,185.12. The trade was a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total value of $3,478,320.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,868 shares of company stock valued at $35,574,300. Insiders own 18.30% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on DUOL shares. Piper Sandler lifted their price target on Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Barclays lifted their target price on shares of Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. UBS Group reduced their price target on shares of Duolingo from $430.00 to $400.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Citizens Jmp upgraded shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a research report on Tuesday, March 18th. Finally, Scotiabank reduced their target price on Duolingo from $425.00 to $405.00 and set a "sector outperform" rating for the company in a report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $376.15.
View Our Latest Research Report on DUOL
About Duolingo
(
Free Report)
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.
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