Fmr LLC Increases Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Fmr LLC increased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 26.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,663,234 shares of the company’s stock after purchasing an additional 564,173 shares during the period. Fmr LLC owned approximately 6.12% of Duolingo worth $751,085,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. First Horizon Advisors Inc. purchased a new stake in Duolingo during the 3rd quarter valued at $29,000. Larson Financial Group LLC bought a new stake in shares of Duolingo in the second quarter worth $31,000. Blue Trust Inc. bought a new stake in shares of Duolingo in the second quarter worth $32,000. GAMMA Investing LLC increased its position in Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after acquiring an additional 133 shares during the last quarter. Finally, Mark Sheptoff Financial Planning LLC bought a new position in Duolingo in the second quarter valued at about $36,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the sale, the insider now directly owns 136,760 shares of the company’s stock, valued at $42,855,113.60. This represents a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Skaruppa sold 14,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $207.44, for a total value of $2,904,160.00. Following the transaction, the chief financial officer now owns 88,856 shares of the company’s stock, valued at $18,432,288.64. This represents a 13.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,319 shares of company stock worth $8,038,686. Insiders own 18.30% of the company’s stock.

Duolingo Trading Down 1.7 %

Shares of Duolingo stock opened at $347.64 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company has a fifty day moving average of $298.91 and a 200 day moving average of $231.11. The company has a market capitalization of $15.29 billion, a P/E ratio of 189.97 and a beta of 0.79. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $364.95.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same quarter last year, the business posted $0.06 earnings per share. The firm’s revenue was up 39.9% on a year-over-year basis. On average, sell-side analysts anticipate that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DUOL has been the subject of a number of recent research reports. UBS Group boosted their price target on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. The Goldman Sachs Group boosted their target price on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Barclays lifted their price target on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $331.33.

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.