Prudential Financial Inc. Has $24.32 Million Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Prudential Financial Inc. boosted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 58.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,130 shares of the company’s stock after buying an additional 29,347 shares during the period. Prudential Financial Inc. owned about 0.18% of Duolingo worth $24,318,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC purchased a new stake in shares of Duolingo in the 3rd quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Duolingo in the fourth quarter valued at $31,000. Harvest Fund Management Co. Ltd boosted its position in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after buying an additional 101 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after buying an additional 113 shares in the last quarter. Finally, Smithfield Trust Co raised its position in Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after buying an additional 46 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares in the company, valued at $15,069,946.08. This trade represents a 5.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total transaction of $2,568,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 100,850 shares of company stock worth $34,389,695. Insiders own 18.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DUOL. UBS Group set a $400.00 target price on Duolingo in a research note on Tuesday, March 18th. Scotiabank began coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective on the stock. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and boosted their price target for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and an average target price of $376.25.

Duolingo Stock Down 2.7 %

DUOL stock opened at $331.22 on Thursday. The stock has a market capitalization of $14.99 billion, a price-to-earnings ratio of 181.00 and a beta of 0.92. The company has a 50-day moving average of $348.64 and a two-hundred day moving average of $322.31. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The business had revenue of $209.55 million for 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%. As a group, equities research analysts anticipate that Duolingo, Inc. will post 2.03 EPS 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.