Man Group plc Has $20.61 Million Stake in Duolingo, Inc. (NASDAQ:DUOL)

Man Group plc reduced its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 57.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,577 shares of the company's stock after selling 87,356 shares during the quarter. Man Group plc owned 0.14% of Duolingo worth $20,614,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC increased its holdings in 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 purchasing an additional 1,063,327 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Duolingo by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock valued at $1,148,486,000 after buying an additional 70,705 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Duolingo by 0.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock worth $434,398,000 after buying an additional 10,638 shares in the last quarter. Invesco Ltd. grew its holdings in Duolingo by 53.5% during the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after acquiring an additional 378,225 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Duolingo by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 683,498 shares of the company's stock valued at $221,676,000 after purchasing an additional 10,698 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Stock Up 1.1%

NASDAQ:DUOL traded up $5.50 on Tuesday, hitting $525.73. 764,188 shares of the company's stock were exchanged, compared to its average volume of 717,768. The firm has a 50-day moving average price of $372.29 and a 200-day moving average price of $354.58. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $544.93. The company has a market cap of $23.90 billion, a P/E ratio of 287.29 and a beta of 0.88.

Duolingo (NASDAQ:DUOL - Get Free Report) last released 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. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $230.74 million during the quarter, compared to analysts' expectations of $223.15 million. Duolingo's quarterly revenue was up 37.6% compared to the same quarter last year. As a group, analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity at Duolingo

In other news, insider Natalie Glance sold 3,482 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $319.59, for a total value of $1,112,812.38. Following the completion of the sale, the insider now owns 127,251 shares of the company's stock, valued at approximately $40,668,147.09. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $495.95, for a total value of $4,959,500.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company's stock, valued at approximately $35,708.40. This trade represents a 99.29% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,853 shares of company stock valued at $31,627,441. 15.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC boosted their target price on Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Scotiabank lifted their price target on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Jefferies Financial Group started coverage on Duolingo in a research note on Friday, January 24th. They set a "hold" rating and a $370.00 price objective for the company. Morgan Stanley increased their target price on shares of Duolingo from $435.00 to $515.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Piper Sandler set a $375.00 target price on Duolingo in a report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.