M&G Plc Has $10.80 Million Holdings in Duolingo, Inc. (NASDAQ:DUOL)

M&G Plc increased its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 3.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 38,301 shares of the company’s stock after buying an additional 1,105 shares during the period. M&G Plc’s holdings in Duolingo were worth $10,801,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Duality Advisers LP acquired a new stake in Duolingo during the 1st quarter worth about $287,000. SG Americas Securities LLC boosted its position in shares of Duolingo by 261.8% during the 1st quarter. SG Americas Securities LLC now owns 3,640 shares of the company’s stock valued at $803,000 after purchasing an additional 2,634 shares in the last quarter. Swiss National Bank grew its stake in Duolingo by 1.3% during the first quarter. Swiss National Bank now owns 60,100 shares of the company’s stock worth $13,257,000 after purchasing an additional 800 shares during the period. Headlands Technologies LLC increased its holdings in Duolingo by 19.8% in the first quarter. Headlands Technologies LLC now owns 767 shares of the company’s stock worth $169,000 after purchasing an additional 127 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new position in Duolingo in the first quarter valued at approximately $528,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Price Performance

DUOL stock opened at $315.82 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.28 and a current ratio of 3.28. The business has a 50-day simple moving average of $266.39 and a two-hundred day simple moving average of $220.10. The company has a market capitalization of $13.75 billion, a P/E ratio of 225.59 and a beta of 0.79. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $324.00.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.13. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same quarter last year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was up 39.9% on a year-over-year basis. Research analysts expect that Duolingo, Inc. will post 1.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the sale, the insider now owns 139,760 shares in the company, valued at $29,001,597.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Robert Meese sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total value of $1,425,200.00. Following the transaction, the insider now owns 142,053 shares in the company, valued at $40,490,787.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the transaction, the insider now directly owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,374 shares of company stock valued at $15,802,382 in the last three months. 18.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DUOL. UBS Group raised their price objective on shares of Duolingo from $225.00 to $355.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler raised their price target on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday. Evercore ISI upgraded shares of Duolingo to a “strong-buy” rating in a report on Monday, August 5th. Needham & Company LLC raised their target price on Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.44.

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.