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

Northern Trust Corp lifted its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 296,457 shares of the company's stock after buying an additional 46,442 shares during the period. Northern Trust Corp owned about 0.67% of Duolingo worth $96,120,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Barclays PLC raised its stake in shares of Duolingo by 90.9% during the third quarter. Barclays PLC now owns 42,613 shares of the company's stock valued at $12,018,000 after acquiring an additional 20,289 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Duolingo by 8.0% during the third quarter. Tidal Investments LLC now owns 1,561 shares of the company's stock worth $440,000 after acquiring an additional 115 shares during the last quarter. GAMMA Investing LLC increased its stake in Duolingo by 60.1% during the 4th quarter. GAMMA Investing LLC now owns 570 shares of the company's stock valued at $185,000 after purchasing an additional 214 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Duolingo during the 4th quarter worth about $357,000. Finally, Diversified Trust Co purchased a new stake in Duolingo in the fourth quarter valued at approximately $784,000. 91.59% of the stock is owned by institutional investors.

Duolingo Stock Performance

Shares of DUOL traded up $8.30 during mid-day trading on Thursday, reaching $503.86. 744,637 shares of the company's stock were exchanged, compared to its average volume of 739,853. The business's fifty day simple moving average is $334.43 and its 200-day simple moving average is $340.77. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $510.48. The stock has a market capitalization of $22.80 billion, a PE ratio of 275.33 and a beta of 0.88. 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 posted its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.52 by $0.20. The firm had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm's quarterly revenue was up 37.6% on a year-over-year basis. On average, equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 2,667 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 129,572 shares in the company, valued at approximately $56,400,100.16. This represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction dated Tuesday, February 18th. The shares were 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 of the company's stock, valued at $15,069,946.08. This represents a 5.62 % 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 over the last ninety days. 18.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DUOL shares. Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target for the company in a report on Tuesday, March 18th. JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Scotiabank boosted their price target on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Morgan Stanley lifted their target price on shares of Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Evercore ISI raised their price target on shares of Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Duolingo presently has a consensus rating of "Moderate Buy" and an average 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.