Duolingo, Inc. (NASDAQ:DUOL) Holdings Lifted by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 25.2% in the 4th quarter, Holdings Channel reports. The fund owned 1,837 shares of the company’s stock after purchasing an additional 370 shares during the period. HighTower Advisors LLC’s holdings in Duolingo were worth $596,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Duolingo by 3.6% in the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after purchasing an additional 36,923 shares during the period. Geode Capital Management LLC increased its stake in Duolingo by 2.5% in the 3rd 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 period. Charles Schwab Investment Management Inc. lifted its position in Duolingo by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company’s stock worth $112,330,000 after buying an additional 4,171 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in Duolingo by 63.6% in the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock worth $55,747,000 after buying an additional 76,875 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Duolingo by 1.3% during the 4th quarter. Rhumbline Advisers now owns 106,345 shares of the company’s stock valued at $34,480,000 after buying an additional 1,403 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DUOL has been the subject of several recent research reports. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. UBS Group set a $400.00 price target on Duolingo in a report on Tuesday, March 18th. Piper Sandler increased their price objective on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Barclays lifted their target price on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, The Goldman Sachs Group increased their price target on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $377.08.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at approximately $24,208.56. This represents a 99.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew Skaruppa sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the transaction, the chief financial officer now owns 67,730 shares in the company, valued at approximately $21,977,030.40. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,850 shares of company stock worth $34,389,695 over the last three months. 18.30% of the stock is currently owned by corporate insiders.

Duolingo Trading Down 5.4 %

Shares of NASDAQ:DUOL opened at $315.00 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 stock’s 50-day moving average is $347.74 and its 200-day moving average is $323.80. The company has a market cap of $14.25 billion, a P/E ratio of 172.13 and a beta of 0.92. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77.

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