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

Fmr LLC increased its stake in Duolingo, Inc. (NASDAQ:DUOL) by 26.9% in the third quarter, Holdings Channel reports. The institutional investor owned 2,663,234 shares of the company’s stock after acquiring an additional 564,173 shares during the period. Fmr LLC owned approximately 0.06% of Duolingo worth $751,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DUOL. Penserra Capital Management LLC purchased a new stake in shares of Duolingo in the third quarter valued at $1,284,000. Cerity Partners LLC grew its holdings in Duolingo by 8.2% during the 3rd quarter. Cerity Partners LLC now owns 51,374 shares of the company’s stock valued at $14,488,000 after purchasing an additional 3,894 shares during the last quarter. Citigroup Inc. raised its position in Duolingo by 2.1% in the 3rd quarter. Citigroup Inc. now owns 36,649 shares of the company’s stock worth $10,336,000 after purchasing an additional 752 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after purchasing an additional 101,653 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Duolingo during the third quarter valued at approximately $2,651,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DUOL. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Needham & Company LLC increased their target price on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their target price on shares of Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. JMP Securities downgraded shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Finally, Bank of America lifted their price objective on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $331.33.

Duolingo Trading Down 1.7 %

NASDAQ:DUOL opened at $347.64 on Friday. The firm has a 50-day simple moving average of $298.91 and a 200-day simple moving average of $231.11. Duolingo, Inc. has a one year low of $145.05 and a one year high of $364.95. The firm has a market cap of $15.29 billion, a P/E ratio of 189.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Duolingo’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Equities analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now directly owns 136,760 shares in the company, valued at approximately $42,855,113.60. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Skaruppa sold 14,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $207.44, for a total transaction of $2,904,160.00. Following the sale, the chief financial officer now directly owns 88,856 shares of the company’s stock, valued at approximately $18,432,288.64. The trade was a 13.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,319 shares of company stock valued at $8,038,686. Corporate insiders own 18.30% of the company’s stock.

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.