Duolingo, Inc. (NASDAQ:DUOL) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC boosted its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,103 shares of the company's stock after purchasing an additional 924 shares during the quarter. AQR Capital Management LLC owned about 0.20% of Duolingo worth $29,117,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DUOL. FMR LLC raised its stake in shares of Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company's stock valued at $1,208,263,000 after acquiring an additional 1,063,327 shares during the period. Norges Bank bought a new position in Duolingo during the 4th quarter valued at about $152,296,000. T. Rowe Price Investment Management Inc. raised its position in Duolingo by 548.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock worth $152,659,000 after purchasing an additional 398,259 shares during the period. Invesco Ltd. lifted its stake in Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after purchasing an additional 378,225 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Duolingo by 36.6% during the fourth quarter. Marshall Wace LLP now owns 388,742 shares of the company's stock valued at $126,042,000 after buying an additional 104,114 shares during the period. Institutional investors own 91.59% of the company's stock.

Duolingo Stock Up 0.7 %

Shares of NASDAQ:DUOL traded up $3.40 during trading on Friday, reaching $506.97. The stock had a trading volume of 275,521 shares, compared to its average volume of 895,399. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $22.94 billion, a P/E ratio of 277.03 and a beta of 0.88. The firm's 50-day simple moving average is $338.60 and its 200 day simple moving average is $342.26. Duolingo, Inc. has a one year low of $145.05 and a one year high of $511.92.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo's quarterly revenue was up 37.6% compared to the same quarter last year. As a group, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Transactions at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares of the company's stock, valued at $15,069,946.08. This trade represents a 5.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the sale, the insider now directly owns 72 shares in the company, valued at $21,474. This trade represents a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,868 shares of company stock worth $38,594,200. Company insiders own 18.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DUOL. JPMorgan Chase & Co. raised their price target on Duolingo from $360.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Scotiabank lifted their target price on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Barclays upped their price target on shares of Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. DA Davidson lifted their price objective on shares of Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, UBS Group upped their target price on shares of Duolingo from $400.00 to $500.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Duolingo has an average rating of "Moderate Buy" and an average target price of $426.29.

Duolingo Company 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.