M&G Plc Purchases 1,105 Shares of Duolingo, Inc. (NASDAQ:DUOL)

M&G Plc grew its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,301 shares of the company’s stock after acquiring an additional 1,105 shares during the quarter. M&G Plc owned 0.09% of Duolingo worth $10,801,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DUOL. Duality Advisers LP acquired a new stake in Duolingo in the 1st quarter worth about $287,000. SG Americas Securities LLC increased its holdings in shares of Duolingo by 261.8% during the first quarter. SG Americas Securities LLC now owns 3,640 shares of the company’s stock worth $803,000 after purchasing an additional 2,634 shares during the period. Swiss National Bank raised its position in shares of Duolingo by 1.3% in the first quarter. Swiss National Bank now owns 60,100 shares of the company’s stock valued at $13,257,000 after buying an additional 800 shares in the last quarter. Headlands Technologies LLC raised its position in shares of Duolingo by 19.8% in the first quarter. Headlands Technologies LLC now owns 767 shares of the company’s stock valued at $169,000 after buying an additional 127 shares in the last quarter. Finally, Qsemble Capital Management LP bought a new stake in shares of Duolingo in the first quarter valued at approximately $528,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Duolingo Price Performance

DUOL stock opened at $315.82 on Friday. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 225.59 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. The company has a 50 day simple moving average of $266.39 and a 200 day simple moving average of $220.10. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $324.00.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.13. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same period in the prior 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. Research analysts anticipate that Duolingo, Inc. will post 1.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DUOL shares. Evercore ISI raised Duolingo to a “strong-buy” rating in a report on Monday, August 5th. Barclays boosted their price target on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday. Bank of America increased their price objective on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Needham & Company LLC raised their target price on shares of Duolingo from $310.00 to $370.00 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group upped their price target on shares of Duolingo from $225.00 to $355.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $325.44.

Insider Activity

In other news, CFO Matthew Skaruppa sold 17,591 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total transaction of $3,646,086.57. Following the sale, the chief financial officer now directly owns 88,856 shares in the company, valued at approximately $18,417,183.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the completion of the transaction, the insider now directly owns 136,760 shares of the company’s stock, valued at $42,855,113.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Skaruppa sold 17,591 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the sale, the chief financial officer now owns 88,856 shares in the company, valued at $18,417,183.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,374 shares of company stock valued at $15,802,382. 18.30% of the stock is currently owned by corporate insiders.

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.