Fmr LLC Has $1.21 Billion Stake in Duolingo, Inc. (NASDAQ:DUOL)

Fmr LLC lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 39.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,726,561 shares of the company’s stock after buying an additional 1,063,327 shares during the quarter. Fmr LLC owned about 8.47% of Duolingo worth $1,208,263,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in Duolingo during the 4th quarter worth about $1,994,000. Taika Capital LP acquired a new stake in Duolingo during the fourth quarter worth approximately $2,697,000. Lecap Asset Management Ltd. bought a new stake in Duolingo in the fourth quarter worth approximately $429,000. Diversified Trust Co acquired a new position in Duolingo in the fourth quarter valued at approximately $784,000. Finally, Bleakley Financial Group LLC boosted its holdings in shares of Duolingo by 6.1% during the 4th quarter. Bleakley Financial Group LLC now owns 995 shares of the company’s stock worth $323,000 after buying an additional 57 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,482 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $319.59, for a total transaction of $1,112,812.38. Following the sale, the insider now owns 127,251 shares in the company, valued at $40,668,147.09. This represents a 2.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of Duolingo stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the transaction, the general counsel now directly owns 34,634 shares of the company’s stock, valued at $15,069,946.08. The trade was a 5.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,332 shares of company stock worth $30,517,807. 18.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on DUOL shares. The Goldman Sachs Group lifted their price objective on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. DA Davidson upped their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company a “buy” rating in a report on Thursday, March 27th. JPMorgan Chase & Co. raised their target price on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Citizens Jmp raised Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price target on the stock in a research note on Tuesday, March 18th. Finally, Piper Sandler increased their target price on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $377.08.

Duolingo Trading Down 6.7 %

Shares of Duolingo stock opened at $292.88 on Monday. The stock has a fifty day moving average price of $345.60 and a 200-day moving average price of $327.31. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The firm has a market cap of $13.25 billion, a PE ratio of 160.04 and a beta of 0.91. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Equities research analysts anticipate 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.