Ensign Peak Advisors Inc Acquires 11,472 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Ensign Peak Advisors Inc lifted its position in Duolingo, Inc. (NASDAQ:DUOL) by 84.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,978 shares of the company’s stock after acquiring an additional 11,472 shares during the quarter. Ensign Peak Advisors Inc owned 0.06% of Duolingo worth $8,099,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DUOL. Barclays PLC lifted its holdings in shares of Duolingo by 90.9% in the 3rd quarter. Barclays PLC now owns 42,613 shares of the company’s stock worth $12,018,000 after acquiring an additional 20,289 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of Duolingo in the 4th quarter worth approximately $245,000. Merit Financial Group LLC grew its position in shares of Duolingo by 8.6% in the 4th quarter. Merit Financial Group LLC now owns 8,642 shares of the company’s stock worth $2,802,000 after buying an additional 683 shares during the last quarter. Hanseatic Management Services Inc. purchased a new position in shares of Duolingo in the 4th quarter worth approximately $683,000. Finally, Crossmark Global Holdings Inc. grew its position in shares of Duolingo by 6.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 2,908 shares of the company’s stock worth $943,000 after buying an additional 168 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on DUOL shares. Piper Sandler set a $375.00 target price on shares of Duolingo in a research report on Friday, May 2nd. Scotiabank boosted their target price on shares of Duolingo from $405.00 to $470.00 and gave the company a “sector outperform” rating in a research note on Friday, May 2nd. Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research note on Tuesday, March 18th. DA Davidson upped their price objective on shares of Duolingo from $410.00 to $470.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Finally, UBS Group upped their price objective on shares of Duolingo from $400.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and a consensus price target of $426.29.

Insiders Place Their Bets

In related news, CEO Ahn Luis Von sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total value of $3,478,320.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Natalie Glance sold 9,020 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the completion of the sale, the insider now directly owns 130,733 shares in the company, valued at approximately $37,989,702.47. This trade represents a 6.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,868 shares of company stock valued at $38,594,200 over the last 90 days. 15.67% of the stock is owned by company insiders.

Duolingo Trading Up 2.6%

Shares of DUOL opened at $531.46 on Wednesday. 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 $544.00. The firm has a 50-day moving average price of $352.65 and a 200 day moving average price of $347.61. The firm has a market capitalization of $24.16 billion, a P/E ratio of 290.42 and a beta of 0.88.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.20. The company had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business’s revenue for the quarter was up 37.6% on a year-over-year basis. Sell-side analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current 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.