Ensign Peak Advisors Inc Purchases 11,472 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Ensign Peak Advisors Inc raised its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 84.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 24,978 shares of the company's stock after purchasing an additional 11,472 shares during the period. Ensign Peak Advisors Inc owned 0.06% of Duolingo worth $8,099,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC grew its position in shares of Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock valued at $1,208,263,000 after buying an additional 1,063,327 shares during the last quarter. Norges Bank bought a new position in Duolingo in the 4th quarter worth about $152,296,000. T. Rowe Price Investment Management Inc. grew 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 last quarter. Invesco Ltd. grew its position in Duolingo by 53.5% in the 4th 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 grew its position in Duolingo by 36.6% in the 4th quarter. Marshall Wace LLP now owns 388,742 shares of the company's stock worth $126,042,000 after purchasing an additional 104,114 shares during the last quarter. Institutional investors own 91.59% of the company's stock.

Duolingo Price Performance

Shares of Duolingo stock traded down $1.47 during trading on Friday, hitting $529.05. 694,684 shares of the company's stock traded hands, compared to its average volume of 716,777. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The firm's fifty day moving average price is $367.70 and its 200 day moving average price is $352.21. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $544.93. The company has a market cap of $24.05 billion, a PE ratio of 289.10 and a beta of 0.88.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.20. The business had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 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 37.6% on a year-over-year basis. Analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analysts Set New Price Targets

DUOL has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. UBS Group upped their price target on shares of Duolingo from $400.00 to $500.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Piper Sandler set a $375.00 price objective on shares of Duolingo in a research note on Friday, May 2nd. JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $360.00 to $500.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Finally, Jefferies Financial Group started coverage on shares of Duolingo in a research note on Friday, January 24th. They set a "hold" rating and a $370.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $426.29.

Insider Buying and Selling at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $495.95, for a total transaction of $4,959,500.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at approximately $35,708.40. This represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Natalie Glance sold 2,667 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the transaction, the insider now owns 129,572 shares in the company, valued at $56,400,100.16. The trade was a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 109,868 shares of company stock worth $38,594,200 over the last ninety days. Corporate insiders own 15.67% 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.