Prudential Financial Inc. Acquires 29,347 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Prudential Financial Inc. increased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 58.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,130 shares of the company’s stock after acquiring an additional 29,347 shares during the period. Prudential Financial Inc.’s holdings in Duolingo were worth $24,318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Duolingo by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock valued at $1,148,486,000 after purchasing an additional 70,705 shares in the last quarter. LPL Financial LLC lifted its position in shares of Duolingo by 73.3% during the 4th quarter. LPL Financial LLC now owns 4,198 shares of the company’s stock worth $1,361,000 after buying an additional 1,776 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Duolingo in the 4th quarter valued at $2,237,000. Sei Investments Co. grew its position in Duolingo by 115.7% in the fourth quarter. Sei Investments Co. now owns 18,881 shares of the company’s stock valued at $6,122,000 after acquiring an additional 10,127 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Duolingo by 1.4% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,370 shares of the company’s stock worth $2,714,000 after acquiring an additional 118 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $24,208.56. The trade was a 99.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Meese sold 5,351 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $320.02, for a total transaction of $1,712,427.02. Following the transaction, the insider now owns 133,805 shares of the company’s stock, valued at approximately $42,820,276.10. This represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 100,850 shares of company stock valued at $34,389,695 in the last quarter. 18.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Scotiabank started coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. The Goldman Sachs Group raised their price objective on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Jefferies Financial Group initiated coverage on Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 target price on the stock. Finally, DA Davidson raised their price target on Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and an average target price of $376.25.

Duolingo Stock Performance

Duolingo stock opened at $331.22 on Thursday. The company’s 50-day moving average is $348.64 and its two-hundred day moving average is $322.31. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The company has a market cap of $14.99 billion, a PE ratio of 181.00 and a beta of 0.92. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Equities analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current 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.