Geode Capital Management LLC boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL – Free Report) by 2.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 811,809 shares of the company’s stock after acquiring an additional 19,698 shares during the quarter. Geode Capital Management LLC’s holdings in Duolingo were worth $142,501,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Duolingo by 3.5% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 940 shares of the company’s stock valued at $385,000 after buying an additional 32 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Duolingo by 5.0% during the 2nd quarter. Evergreen Capital Management LLC now owns 818 shares of the company’s stock valued at $335,000 after buying an additional 39 shares during the last quarter. Smithfield Trust Co raised its holdings in Duolingo by 35.4% during the 3rd quarter. Smithfield Trust Co now owns 237 shares of the company’s stock valued at $76,000 after buying an additional 62 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Duolingo by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,740 shares of the company’s stock valued at $3,778,000 after buying an additional 73 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its holdings in Duolingo by 0.9% during the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 8,848 shares of the company’s stock valued at $2,848,000 after buying an additional 82 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on DUOL. JPMorgan Chase & Co. upped their price target on shares of Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Citigroup reiterated a “neutral” rating and set a $101.00 price target (down from $270.00) on shares of Duolingo in a report on Friday, February 27th. Zacks Research upgraded shares of Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Needham & Company LLC reiterated a “buy” rating and set a $145.00 price target on shares of Duolingo in a report on Tuesday, May 5th. Finally, Bank of America reiterated a “neutral” rating and set a $100.00 price target on shares of Duolingo in a report on Friday, February 27th. Three analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $195.94.
Duolingo Stock Up 1.6%
NASDAQ:DUOL opened at $109.15 on Friday. The firm’s 50-day moving average price is $103.45 and its 200-day moving average price is $132.06. The company has a market capitalization of $5.09 billion, a PE ratio of 12.56, a P/E/G ratio of 0.81 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62. Duolingo, Inc. has a 1-year low of $87.89 and a 1-year high of $540.30.
Duolingo (NASDAQ:DUOL – Get Free Report) last released its earnings results on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The firm had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The company’s revenue was up 26.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. On average, equities analysts predict that Duolingo, Inc. will post 2.84 EPS for the current fiscal year.
Insider Transactions at Duolingo
In other news, insider Natalie Glance sold 3,360 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.59, for a total value of $381,662.40. Following the sale, the insider directly owned 173,401 shares of the company’s stock, valued at $19,696,619.59. This represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Meese sold 1,420 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the sale, the insider directly owned 170,745 shares in the company, valued at $19,150,759.20. This represents a 0.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 9,506 shares of company stock valued at $1,073,864 in the last three months. 16.62% of the stock is currently owned by company insiders.
Duolingo Profile
Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.
In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.
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