Price T Rowe Associates Inc. MD Has $434.40 Million Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Price T Rowe Associates Inc. MD lifted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,339,780 shares of the company's stock after purchasing an additional 10,638 shares during the period. Price T Rowe Associates Inc. MD owned about 3.05% of Duolingo worth $434,398,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo during the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd raised its position in Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after acquiring an additional 101 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 113 shares during the last quarter. Smithfield Trust Co lifted its holdings in shares of Duolingo by 41.8% during 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 last quarter. Finally, R Squared Ltd acquired a new stake in Duolingo during the 4th quarter worth about $55,000. 91.59% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Duolingo news, insider Robert Meese sold 10,000 shares of Duolingo stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $367.65, for a total transaction of $3,676,500.00. Following the transaction, the insider now directly owns 123,805 shares in the company, valued at approximately $45,516,908.25. The trade was a 7.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Natalie Glance sold 2,667 shares of the business's stock in a transaction dated 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. This trade represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,868 shares of company stock valued at $35,574,300. Company insiders own 18.30% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Needham & Company LLC raised their target price on Duolingo from $385.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Citizens Jmp raised shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a research note on Tuesday, March 18th. Jefferies Financial Group started coverage on Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 target price on the stock. Piper Sandler lifted their price target on Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. dropped their price objective on Duolingo from $410.00 to $360.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Duolingo presently has an average rating of "Moderate Buy" and a consensus target price of $376.15.

Duolingo Price Performance

Shares of NASDAQ:DUOL traded up $0.03 during midday trading on Wednesday, reaching $385.16. 355,332 shares of the company's stock were exchanged, compared to its average volume of 718,364. The firm has a market capitalization of $17.43 billion, a PE ratio of 210.48 and a beta of 0.91. The company's 50 day simple moving average is $324.01 and its two-hundred day simple moving average is $333.99. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. 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 earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

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.