Duolingo, Inc. (NASDAQ:DUOL) Holdings Boosted by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. boosted its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 74.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,919 shares of the company’s stock after acquiring an additional 2,097 shares during the period. E Fund Management Co. Ltd.’s holdings in Duolingo were worth $1,595,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC raised its holdings in shares of Duolingo by 26.9% during the third quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after buying an additional 564,173 shares during the last quarter. State Street Corp raised its holdings in shares of Duolingo by 3.6% during the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after buying an additional 36,923 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Duolingo by 2.5% during the third quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock valued at $189,790,000 after buying an additional 16,481 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Duolingo by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company’s stock valued at $112,330,000 after buying an additional 4,171 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Duolingo by 63.6% during the third quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock valued at $55,747,000 after buying an additional 76,875 shares during the last quarter. Institutional investors own 91.59% of the company’s stock.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 188,901 shares of Duolingo stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the transaction, the insider now directly owns 72 shares in the company, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 9,020 shares of Duolingo stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the transaction, the insider now owns 130,733 shares in the company, valued at approximately $37,989,702.47. The trade was a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 313,159 shares of company stock worth $107,512,184. 18.30% of the stock is owned by insiders.

Duolingo Trading Down 6.8 %

Duolingo stock opened at $272.77 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 firm has a market cap of $12.00 billion, a price-to-earnings ratio of 149.06 and a beta of 0.92. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The firm’s 50 day moving average price is $355.60 and its two-hundred day moving average price is $312.65.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price target on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday. JMP Securities reissued a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, DA Davidson boosted their target price on Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and an average target price of $375.00.

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.