Prudential PLC Acquires 1,170 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Prudential PLC raised its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 77.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,680 shares of the company's stock after purchasing an additional 1,170 shares during the period. Prudential PLC's holdings in Duolingo were worth $869,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. ExodusPoint Capital Management LP bought a new position in shares of Duolingo in the 4th quarter worth $5,258,000. Motley Fool Asset Management LLC acquired a new position in Duolingo in the fourth quarter valued at about $210,000. Bryce Point Capital LLC bought a new position in Duolingo during the fourth quarter worth about $1,785,000. Headlands Technologies LLC increased its stake in shares of Duolingo by 32.3% in the 4th quarter. Headlands Technologies LLC now owns 311 shares of the company's stock valued at $101,000 after acquiring an additional 76 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Duolingo by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 683,498 shares of the company's stock valued at $221,676,000 after acquiring an additional 10,698 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

Duolingo Stock Up 3.9 %

NASDAQ DUOL traded up $12.41 during trading on Friday, hitting $329.35. The stock had a trading volume of 866,829 shares, compared to its average volume of 744,721. The company has a market capitalization of $14.90 billion, a PE ratio of 179.97 and a beta of 0.91. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The company's 50-day moving average price is $339.41 and its two-hundred day moving average price is $328.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

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Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The business had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. As a group, sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DUOL. Needham & Company LLC boosted their price objective on shares of Duolingo from $385.00 to $400.00 and gave the company a "buy" rating in a report on Friday, February 28th. Piper Sandler boosted their price target on shares of Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a research note on Tuesday, March 18th. Barclays lifted their target price on Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their price target on Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Seven 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $372.92.

Insider Activity

In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares of the company's stock, valued at approximately $15,069,946.08. This represents a 5.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total transaction of $2,568,000.00. The disclosure for this sale can be found here. Insiders sold 99,332 shares of company stock worth $33,442,107 in the last quarter. Corporate insiders own 18.30% of the company's stock.

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.