Prudential PLC Sells 1,000 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Prudential PLC cut its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 37.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,680 shares of the company’s stock after selling 1,000 shares during the quarter. Prudential PLC’s holdings in Duolingo were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its stake in Duolingo by 73.3% during the fourth quarter. LPL Financial LLC now owns 4,198 shares of the company’s stock valued at $1,361,000 after buying an additional 1,776 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Duolingo during the fourth quarter valued at $6,677,000. Townsquare Capital LLC raised its stake in Duolingo by 16.3% during the fourth quarter. Townsquare Capital LLC now owns 1,143 shares of the company’s stock valued at $371,000 after buying an additional 160 shares during the last quarter. Barclays PLC raised its stake in Duolingo by 9.1% during the fourth quarter. Barclays PLC now owns 46,509 shares of the company’s stock valued at $15,079,000 after buying an additional 3,896 shares during the last quarter. Finally, Mariner LLC raised its stake in Duolingo by 7.2% during the fourth quarter. Mariner LLC now owns 5,471 shares of the company’s stock valued at $1,774,000 after buying an additional 369 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Performance

Shares of DUOL opened at $326.93 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. Duolingo, Inc. has a one year low of $198.33 and a one year high of $544.93. The firm has a market capitalization of $14.98 billion, a P/E ratio of 134.54, a PEG ratio of 2.20 and a beta of 0.87. The business has a fifty day moving average of $391.96 and a 200 day moving average of $391.73.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%. The company had revenue of $252.27 million during the quarter, compared to analyst estimates of $240.84 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. Duolingo’s revenue was up 41.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Activity at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $344.41, for a total value of $3,444,100.00. Following the completion of the sale, the insider owned 72 shares of the company’s stock, valued at $24,797.52. The trade was a 99.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 50,000 shares of company stock valued at $20,939,300 over the last three months. Insiders own 15.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Needham & Company LLC lifted their price objective on Duolingo from $400.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Evercore ISI lifted their price objective on Duolingo from $400.00 to $480.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. UBS Group reiterated an “overweight” rating on shares of Duolingo in a research note on Thursday, May 22nd. Barclays lifted their price objective on Duolingo from $375.00 to $390.00 and gave the company an “equal weight” rating in a research note on Thursday, August 7th. Finally, Scotiabank boosted their price target on Duolingo from $405.00 to $470.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Duolingo has a consensus rating of “Moderate Buy” and a consensus price target of $454.20.

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.