Janus Henderson Group PLC Increases Position in Duolingo, Inc. (NASDAQ:DUOL)

Janus Henderson Group PLC grew its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,214 shares of the company's stock after purchasing an additional 600 shares during the quarter. Janus Henderson Group PLC's holdings in Duolingo were worth $4,930,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Quarry LP increased its holdings in shares of Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after purchasing an additional 65 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Duolingo in the 4th quarter worth $31,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after acquiring an additional 101 shares during the period. Global Retirement Partners LLC boosted its position in shares of Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after acquiring an additional 113 shares during the last quarter. Finally, Smithfield Trust Co grew its holdings in shares of Duolingo by 41.8% in the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock valued at $51,000 after purchasing an additional 46 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value 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. The trade was a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Natalie Glance sold 2,667 shares of the stock in a transaction on Tuesday, February 18th. The shares were 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 owns 129,572 shares in the company, valued at approximately $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. Over the last quarter, insiders sold 109,868 shares of company stock valued at $38,594,200. 15.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on DUOL. Citizens Jmp raised shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 target price on the stock in a research note on Tuesday, March 18th. DA Davidson increased their price target on shares of Duolingo from $410.00 to $470.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Jefferies Financial Group assumed coverage on shares of Duolingo in a research report on Friday, January 24th. They set a "hold" rating and a $370.00 price target on the stock. UBS Group upped their price objective on Duolingo from $400.00 to $500.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Barclays raised their target price on Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $426.29.

Duolingo Trading Down 0.3%

DUOL opened at $529.05 on Monday. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $544.93. 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 $367.70 and a 200-day simple moving average of $352.99. The firm has a market cap of $24.05 billion, a P/E ratio of 289.10 and a beta of 0.88.

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

About Duolingo

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.

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