Barclays PLC Buys 3,896 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Barclays PLC lifted its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,509 shares of the company's stock after purchasing an additional 3,896 shares during the quarter. Barclays PLC owned 0.11% of Duolingo worth $15,079,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in Duolingo during the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after buying an additional 101 shares during the period. Global Retirement Partners LLC increased its position in shares of Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 113 shares in the last quarter. Smithfield Trust Co raised its holdings in shares of Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after acquiring an additional 46 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Duolingo during the fourth quarter worth $55,000. Institutional investors own 91.59% of the company's stock.

Insiders Place Their Bets

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the completion of the sale, the insider now owns 72 shares of the company's stock, valued at approximately $28,185.12. This trade represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Stephen C. Chen sold 2,064 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the completion of the transaction, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. This trade represents a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,868 shares of company stock worth $35,574,300 over the last three months. Insiders own 18.30% of the company's stock.

Analyst Upgrades and Downgrades

DUOL has been the subject of a number of research reports. Needham & Company LLC increased their target price on Duolingo from $385.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. UBS Group cut their target price on Duolingo from $430.00 to $400.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group upped their price target on Duolingo from $275.00 to $340.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Finally, JMP Securities reiterated a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $376.15.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded up $3.00 during midday trading on Friday, hitting $378.02. 722,522 shares of the company's stock were exchanged, compared to its average volume of 713,683. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The company's 50 day moving average price is $326.90 and its 200 day moving average price is $331.73. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $17.10 billion, a PE ratio of 206.49 and a beta of 0.91.

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

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.