Prudential PLC Buys Shares of 8,834 Duolingo, Inc. $DUOL

Prudential PLC bought a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,834 shares of the company’s stock, valued at approximately $1,550,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DUOL. NewEdge Advisors LLC raised its holdings in Duolingo by 1,868.2% during the 1st quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock valued at $134,000 after acquiring an additional 411 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Duolingo by 123.9% in the first quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock worth $27,190,000 after purchasing an additional 48,451 shares during the period. Focus Partners Wealth increased its holdings in shares of Duolingo by 28.3% in the first quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock worth $628,000 after purchasing an additional 446 shares during the period. Amundi increased its holdings in shares of Duolingo by 142.1% in the second quarter. Amundi now owns 26,075 shares of the company’s stock worth $10,352,000 after purchasing an additional 15,306 shares during the period. Finally, Gabelli Funds LLC bought a new position in shares of Duolingo in the second quarter worth $205,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $109.03 on Monday. Duolingo, Inc. has a 52-week low of $87.89 and a 52-week high of $540.30. The firm has a fifty day moving average of $103.65 and a 200 day moving average of $131.57. The firm has a market capitalization of $5.08 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.69 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.62 and a current ratio of 2.62.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The business had revenue of $291.97 million during the quarter, compared to analyst estimates of $288.60 million. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s revenue was up 26.5% on a year-over-year basis. As a group, research analysts anticipate that Duolingo, Inc. will post 3.39 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Robert Meese sold 1,420 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the sale, the insider directly owned 170,745 shares in the company, valued at $19,150,759.20. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Natalie Glance sold 3,360 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.59, for a total transaction of $381,662.40. Following the sale, the insider owned 173,401 shares of the company’s stock, valued at approximately $19,696,619.59. The trade was a 1.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 9,506 shares of company stock worth $1,073,864 over the last three months. Company insiders own 16.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DUOL shares. Truist Financial cut shares of Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a report on Friday, February 27th. Weiss Ratings cut shares of Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, April 22nd. DA Davidson upped their price target on shares of Duolingo from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Argus reaffirmed a “hold” rating on shares of Duolingo in a report on Wednesday, March 18th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $100.00 price target (down from $300.00) on shares of Duolingo in a report on Friday, February 27th. Three analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $195.94.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.