Dimensional Fund Advisors LP Has $32.95 Million Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Dimensional Fund Advisors LP grew its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 6.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 101,609 shares of the company's stock after buying an additional 5,910 shares during the period. Dimensional Fund Advisors LP owned approximately 0.23% of Duolingo worth $32,946,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DUOL. Barclays PLC raised its stake in shares of Duolingo by 90.9% in the third quarter. Barclays PLC now owns 42,613 shares of the company's stock valued at $12,018,000 after purchasing an additional 20,289 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Duolingo by 8.0% in the 3rd quarter. Tidal Investments LLC now owns 1,561 shares of the company's stock valued at $440,000 after buying an additional 115 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Duolingo by 60.1% in the 4th quarter. GAMMA Investing LLC now owns 570 shares of the company's stock valued at $185,000 after buying an additional 214 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of Duolingo during the 4th quarter worth about $357,000. Finally, Diversified Trust Co acquired a new stake in shares of Duolingo during the 4th quarter valued at about $784,000. Institutional investors own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 2,667 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the sale, the insider now directly owns 129,572 shares of the company's stock, valued at $56,400,100.16. This represents a 2.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction that occurred on 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 sale, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. This represents a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 109,868 shares of company stock worth $38,594,200. Insiders own 18.30% of the company's stock.

Duolingo Trading Up 1.9 %

DUOL stock traded up $9.40 during midday trading on Friday, reaching $512.97. The stock had a trading volume of 604,321 shares, compared to its average volume of 739,314. The firm has a market cap of $23.21 billion, a price-to-earnings ratio of 280.31 and a beta of 0.88. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $513.50. 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 business has a fifty day simple moving average of $338.60 and a two-hundred day simple moving average of $342.26.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.72 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 company had revenue of $230.74 million during the quarter, compared to analysts' expectations of $223.15 million. The company's quarterly revenue was up 37.6% on a year-over-year basis. As a group, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on DUOL. Evercore ISI raised their price target on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Jefferies Financial Group started coverage on Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 price target on the stock. Piper Sandler set a $375.00 price objective on Duolingo in a report on Friday, May 2nd. JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Finally, DA Davidson boosted their price target on shares of Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Duolingo presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.29.

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.