Price T Rowe Associates Inc. MD Has $434.40 Million Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Price T Rowe Associates Inc. MD grew its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 0.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,339,780 shares of the company’s stock after purchasing an additional 10,638 shares during the period. Price T Rowe Associates Inc. MD owned approximately 3.05% of Duolingo worth $434,398,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. FMR LLC boosted its stake in shares of Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company’s stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares in the last quarter. Norges Bank acquired a new position in Duolingo during the 4th quarter worth approximately $152,296,000. Invesco Ltd. lifted its stake in Duolingo by 53.5% in the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company’s stock valued at $351,811,000 after purchasing an additional 378,225 shares during the last quarter. Marshall Wace LLP boosted its position in Duolingo by 36.6% in the fourth quarter. Marshall Wace LLP now owns 388,742 shares of the company’s stock valued at $126,042,000 after buying an additional 104,114 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Duolingo by 33.5% during the fourth quarter. Federated Hermes Inc. now owns 351,231 shares of the company’s stock worth $113,880,000 after buying an additional 88,218 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Stephen C. Chen sold 2,064 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the sale, the general counsel now directly owns 34,634 shares in the company, valued at $15,069,946.08. This trade represents a 5.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Natalie Glance sold 2,667 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the sale, the insider now directly owns 129,572 shares of the company’s stock, valued at $56,400,100.16. The trade was a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,868 shares of company stock worth $35,574,300. 18.30% of the stock is currently owned by company insiders.

Duolingo Stock Performance

Shares of DUOL opened at $375.02 on Friday. The firm’s fifty day simple moving average is $326.90 and its two-hundred day simple moving average is $331.73. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $16.97 billion, a P/E ratio of 204.93 and a beta of 0.91.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. As a group, analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Scotiabank cut their price objective on Duolingo from $425.00 to $405.00 and set a “sector outperform” rating on the stock in a report on Wednesday. UBS Group cut their price target on Duolingo from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Barclays boosted their price target on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, DA Davidson boosted 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, March 27th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Duolingo has a consensus rating of “Moderate Buy” and an average price target of $376.15.

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.