Barclays PLC Grows Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Barclays PLC grew its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 90.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 42,613 shares of the company’s stock after buying an additional 20,289 shares during the period. Barclays PLC’s holdings in Duolingo were worth $12,018,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DUOL. Blue Trust Inc. acquired a new stake in Duolingo in the 2nd quarter worth approximately $32,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Duolingo by 13.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 3,499 shares of the company’s stock worth $730,000 after buying an additional 408 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Duolingo by 19.5% during the second quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock worth $109,000 after buying an additional 85 shares during the period. Dakota Wealth Management acquired a new position in shares of Duolingo in the 2nd quarter valued at $240,000. Finally, Fifth Third Bancorp acquired a new position in shares of Duolingo in the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Duolingo stock opened at $338.07 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company’s fifty day moving average price is $317.36 and its 200 day moving average price is $246.15. The stock has a market capitalization of $14.87 billion, a P/E ratio of 184.74 and a beta of 0.85. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $378.48.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same quarter last year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was up 39.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. DA Davidson boosted their price target on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Seaport Res Ptn lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Piper Sandler upped their price objective on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, UBS Group raised their target price on shares of Duolingo from $355.00 to $408.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $352.40.

Insiders Place Their Bets

In other Duolingo news, insider Robert Meese sold 4,819 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $240.02, for a total value of $1,156,656.38. Following the transaction, the insider now directly owns 157,053 shares of the company’s stock, valued at $37,695,861.06. This trade represents a 2.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Severin Hacker sold 188,901 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 208,220 shares of company stock worth $69,516,702. Corporate insiders own 18.30% of the company’s stock.

Duolingo 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.