Duolingo, Inc. (NASDAQ:DUOL) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 296,457 shares of the company's stock after acquiring an additional 46,442 shares during the period. Northern Trust Corp owned approximately 0.67% of Duolingo worth $96,120,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. FMR LLC boosted 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 worth $1,208,263,000 after purchasing an additional 1,063,327 shares in the last quarter. Vanguard Group Inc. increased its holdings in 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of 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 valued at $434,398,000 after acquiring an additional 10,638 shares during the period. Invesco Ltd. boosted its stake in shares of 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 in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Duolingo by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 683,498 shares of the company's stock worth $221,676,000 after acquiring an additional 10,698 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Trading Up 1.9 %

Duolingo stock traded up $9.40 during trading on Friday, hitting $512.97. The company's stock had a trading volume of 604,321 shares, compared to its average volume of 723,563. The stock's fifty day moving average is $342.98 and its 200 day moving average is $344.30. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $513.87. The stock has a market capitalization of $23.32 billion, a price-to-earnings ratio of 280.31 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share 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 business had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo's revenue was up 37.6% on a year-over-year basis. As a group, equities research analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $298.25, for a total value of $2,982,500.00. Following the transaction, the insider now directly owns 72 shares of the company's stock, valued at $21,474. The trade was a 99.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Natalie Glance sold 2,667 shares of the business'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 sale, the insider now owns 129,572 shares of the company's stock, valued at $56,400,100.16. The trade was a 2.02 % decrease in their position. 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 in the last quarter. 15.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DUOL has been the topic of a number of research analyst reports. Piper Sandler set a $375.00 target price on Duolingo in a research report on Friday, May 2nd. Needham & Company LLC increased their price objective on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Scotiabank raised their target price on shares of Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Barclays upped their price target on shares of Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group raised their price objective 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. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $426.29.

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.