Vanguard Group Inc. Boosts Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Vanguard Group Inc. raised its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,542,194 shares of the company’s stock after buying an additional 70,705 shares during the period. Vanguard Group Inc. owned about 8.05% of Duolingo worth $1,148,486,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC increased its stake in shares of Duolingo by 73.3% in the 4th quarter. LPL Financial LLC now owns 4,198 shares of the company’s stock worth $1,361,000 after purchasing an additional 1,776 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Duolingo during the fourth quarter valued at about $2,237,000. Sei Investments Co. increased its position in Duolingo by 115.7% in the fourth quarter. Sei Investments Co. now owns 18,881 shares of the company’s stock worth $6,122,000 after buying an additional 10,127 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Duolingo by 1.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,370 shares of the company’s stock worth $2,714,000 after buying an additional 118 shares during the period. Finally, Magnetar Financial LLC purchased a new position in shares of Duolingo during the 4th quarter valued at about $544,000. 91.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total value of $2,568,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Meese sold 5,351 shares of Duolingo 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 transaction, the insider now owns 133,805 shares of the company’s stock, valued at approximately $42,820,276.10. This represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,850 shares of company stock valued at $34,389,695 in the last three months. Corporate insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

DUOL has been the subject of several analyst reports. DA Davidson increased their target price on shares of Duolingo from $400.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday. Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group upped their target price on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Jefferies Financial Group began coverage on Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 price target on the stock. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $377.08.

Duolingo Price Performance

Shares of Duolingo stock opened at $332.94 on Friday. The firm has a market cap of $15.06 billion, a PE ratio of 181.94 and a beta of 0.92. The stock has a 50 day moving average of $348.46 and a 200 day moving average of $322.38. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77.

Duolingo (NASDAQ:DUOL) last posted its earnings results 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 net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. On average, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

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.