Duolingo, Inc. (NASDAQ:DUOL) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC lifted its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,989 shares of the company's stock after purchasing an additional 1,983 shares during the period. MetLife Investment Management LLC owned about 0.05% of Duolingo worth $7,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DUOL. NWK Group Inc. purchased a new stake in shares of Duolingo in the fourth quarter valued at approximately $3,405,000. Dimensional Fund Advisors LP increased its holdings in Duolingo by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 101,609 shares of the company's stock worth $32,946,000 after acquiring an additional 5,910 shares in the last quarter. First Trust Advisors LP raised its position in Duolingo by 67.6% during the fourth quarter. First Trust Advisors LP now owns 177,152 shares of the company's stock worth $57,438,000 after acquiring an additional 71,449 shares during the period. Arrow Capital Pty Ltd purchased a new position in Duolingo during the fourth quarter valued at $2,270,000. Finally, Marshall Wace LLP increased its stake in shares of Duolingo by 36.6% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Trading Down 0.1 %

DUOL stock traded down $0.46 during midday trading on Monday, reaching $381.37. 119,897 shares of the company's stock traded hands, compared to its average volume of 714,015. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The business has a 50-day moving average price of $325.71 and a two-hundred day moving average price of $332.97. The company has a market capitalization of $17.25 billion, a P/E ratio of 207.46 and a beta of 0.91. 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 (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (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%. Equities research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays boosted their price objective on Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Friday, February 28th. DA Davidson raised their price objective on Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a report on Thursday, March 27th. JPMorgan Chase & Co. lowered their target price on shares of Duolingo from $410.00 to $360.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group increased their target price on shares of Duolingo from $275.00 to $340.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. Finally, Morgan Stanley initiated coverage on shares of Duolingo in a research report on Wednesday, April 23rd. They set an "overweight" rating and a $435.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Duolingo has a consensus rating of "Moderate Buy" and a consensus price target of $376.15.

Insider Buying and Selling

In related news, CEO Ahn Luis Von sold 8,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $434.79, for a total transaction of $3,478,320.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Stephen C. Chen sold 2,064 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was 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 approximately $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,868 shares of company stock worth $35,574,300. Insiders own 18.30% of the company's stock.

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.