Vanguard Group Inc. Grows Position in Duolingo, Inc. (NASDAQ:DUOL)

Vanguard Group Inc. raised its position in Duolingo, Inc. (NASDAQ:DUOL) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,542,194 shares of the company’s stock after purchasing an additional 70,705 shares during the quarter. Vanguard Group Inc. owned 0.08% of Duolingo worth $1,148,486,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in DUOL. FMR LLC grew its stake in shares of Duolingo by 26.9% during the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after buying an additional 564,173 shares during the last quarter. Spyglass Capital Management LLC bought a new position in Duolingo in the 3rd quarter valued at $38,512,000. Bamco Inc. NY purchased a new stake in Duolingo in the third quarter worth $25,808,000. Lord Abbett & CO. LLC increased its stake in Duolingo by 63.6% in the third quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock worth $55,747,000 after purchasing an additional 76,875 shares during the period. Finally, Cookson Peirce & Co. Inc. bought a new stake in shares of Duolingo during the fourth quarter worth $20,492,000. Institutional investors own 91.59% of the company’s stock.

Insiders Place Their Bets

In other Duolingo news, insider Robert Meese sold 5,351 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $320.02, for a total value of $1,712,427.02. Following the completion of the sale, the insider now owns 133,805 shares of the company’s stock, valued at approximately $42,820,276.10. This trade represents a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew Skaruppa sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the transaction, the chief financial officer now owns 67,730 shares in the company, valued at approximately $21,977,030.40. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,850 shares of company stock valued at $34,389,695. 18.30% of the stock is currently owned by insiders.

Duolingo Price Performance

Shares of DUOL stock opened at $332.94 on Friday. The stock’s 50-day moving average is $348.46 and its 200 day moving average is $322.38. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The company has a market cap of $15.06 billion, a P/E ratio of 181.94 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The firm had revenue of $209.55 million during 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 predict that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DUOL has been the topic of several recent analyst reports. Piper Sandler raised their price target on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. JMP Securities restated a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. The Goldman Sachs Group lifted their price target on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Finally, Barclays lifted their target price on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $377.08.

About Duolingo

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.