Duolingo, Inc. (NASDAQ:DUOL) Shares Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board grew its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 170.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,720 shares of the company's stock after acquiring an additional 1,715 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Duolingo were worth $882,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Duolingo during the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd lifted its position in Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after buying an additional 101 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after buying an additional 113 shares during the period. Smithfield Trust Co raised its stake in shares of Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company's stock valued at $51,000 after acquiring an additional 46 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Duolingo during the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Stock Performance

DUOL stock traded up $13.81 during trading on Tuesday, hitting $329.88. The company had a trading volume of 94,692 shares, compared to its average volume of 712,228. The firm has a 50-day moving average price of $331.19 and a 200-day moving average price of $330.76. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The firm has a market cap of $14.92 billion, a PE ratio of 180.50 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 (NASDAQ:DUOL - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) 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 analyst estimates of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DUOL. Jefferies Financial Group began coverage on Duolingo in a research note on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective for the company. UBS Group cut their target price on shares of Duolingo from $430.00 to $400.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Needham & Company LLC boosted 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. Barclays lifted their target price on Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a report on Friday, February 28th. Finally, Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a research report on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Duolingo has a consensus rating of "Moderate Buy" and an average price target of $372.92.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 2,667 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the completion of the transaction, the insider now directly owns 129,572 shares in the company, valued at approximately $56,400,100.16. This trade represents a 2.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $327.41, for a total transaction of $2,619,280.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,868 shares of company stock valued at $28,754,200. 18.30% of the stock is owned by company 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.