Duolingo, Inc. (NASDAQ:DUOL) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 683,498 shares of the company’s stock after buying an additional 10,698 shares during the period. Geode Capital Management LLC owned approximately 1.55% of Duolingo worth $221,676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. boosted its position in Duolingo by 17.1% during the 4th quarter. Franklin Resources Inc. now owns 239,249 shares of the company’s stock worth $77,572,000 after acquiring an additional 34,909 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Duolingo by 75.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,248 shares of the company’s stock valued at $405,000 after purchasing an additional 536 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Duolingo by 20.8% in the fourth quarter. California Public Employees Retirement System now owns 57,124 shares of the company’s stock worth $18,521,000 after purchasing an additional 9,823 shares during the period. Dorsey Wright & Associates bought a new position in Duolingo in the 4th quarter valued at about $2,270,000. Finally, Orion Portfolio Solutions LLC acquired a new position in Duolingo during the 4th quarter valued at about $212,000. 91.59% of the stock is owned by institutional investors.

Insider Activity

In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at $24,208.56. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 9,020 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the sale, the insider now owns 130,733 shares of the company’s stock, valued at approximately $37,989,702.47. This represents a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,332 shares of company stock worth $33,880,107. 18.30% of the stock is owned by corporate insiders.

Duolingo Stock Performance

Shares of DUOL opened at $292.88 on Friday. The company has a 50-day moving average of $345.60 and a two-hundred day moving average of $326.77. The stock has a market cap of $13.25 billion, a price-to-earnings ratio of 160.04 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77.

Duolingo (NASDAQ:DUOL) last posted 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). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. On average, equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price objective for the company. Piper Sandler increased their price target on Duolingo from $351.00 to $390.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. lifted their price target on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Citizens Jmp upgraded Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a report on Tuesday, March 18th. Finally, Barclays boosted their price target 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. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $377.08.

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.