Vanguard Group Inc. Purchases 129,290 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Vanguard Group Inc. increased its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,320,429 shares of the company's stock after purchasing an additional 129,290 shares during the period. Vanguard Group Inc. owned approximately 7.74% of Duolingo worth $753,239,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Discovery Value Fund bought a new position in shares of Duolingo in the fourth quarter worth $27,000. FSC Wealth Advisors LLC acquired a new stake in Duolingo in the fourth quarter valued at about $39,000. Bamco Inc. NY acquired a new stake in Duolingo in the third quarter valued at about $39,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Duolingo in the fourth quarter valued at about $73,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Duolingo in the fourth quarter valued at about $92,000. Institutional investors own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Needham & Company LLC raised their price objective on Duolingo from $241.00 to $267.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. Seaport Res Ptn reaffirmed a "buy" rating on shares of Duolingo in a research note on Tuesday, February 27th. The Goldman Sachs Group lifted their price target on Duolingo from $160.00 to $190.00 and gave the company a "sell" rating in a research note on Thursday, February 29th. Barclays cut their price target on Duolingo from $243.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 9th. Finally, UBS Group lifted their price target on Duolingo from $230.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $246.70.

Duolingo Trading Up 3.7 %

Shares of Duolingo stock traded up $7.42 during midday trading on Friday, reaching $206.52. The company had a trading volume of 1,043,197 shares, compared to its average volume of 623,304. The stock has a fifty day moving average price of $201.79 and a 200 day moving average price of $207.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.22 and a quick ratio of 3.22. The firm has a market cap of $8.91 billion, a PE ratio of 212.91 and a beta of 0.72. Duolingo, Inc. has a fifty-two week low of $121.89 and a fifty-two week high of $251.30.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.27. The company had revenue of $167.70 million for the quarter, compared to analyst estimates of $165.60 million. Duolingo had a return on equity of 7.08% and a net margin of 7.82%. The firm's quarterly revenue was up 44.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) earnings per share. On average, equities analysts anticipate that Duolingo, Inc. will post 1.74 earnings per share for the current year.

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $218.42, for a total value of $2,184,200.00. Following the completion of the sale, the insider now directly owns 72 shares in the company, valued at $15,726.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $193.53, for a total value of $290,295.00. Following the completion of the sale, the insider now directly owns 147,282 shares in the company, valued at $28,503,485.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $218.42, for a total value of $2,184,200.00. Following the completion of the sale, the insider now owns 72 shares of the company's stock, valued at $15,726.24. The disclosure for this sale can be found here. Insiders have sold a total of 67,198 shares of company stock valued at $14,719,998 over the last ninety days. 18.30% of the stock is owned by company 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.