Russell Investments Group Ltd. Has $16.57 Million Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Russell Investments Group Ltd. lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 30.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,823 shares of the company’s stock after acquiring an additional 16,558 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.17% of Duolingo worth $16,568,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Duolingo by 147.6% during the 3rd quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after purchasing an additional 358,938 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Duolingo during the third quarter worth approximately $48,552,000. FMR LLC lifted its holdings in Duolingo by 37.9% in the third quarter. FMR LLC now owns 1,019,641 shares of the company’s stock valued at $169,128,000 after buying an additional 280,051 shares during the period. Baillie Gifford & Co. boosted its position in shares of Duolingo by 5.0% during the third quarter. Baillie Gifford & Co. now owns 4,488,629 shares of the company’s stock worth $744,529,000 after purchasing an additional 213,552 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Duolingo by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,191,139 shares of the company’s stock valued at $529,314,000 after buying an additional 122,209 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Trading Up 4.9 %

Shares of Duolingo stock opened at $240.00 on Friday. Duolingo, Inc. has a 1 year low of $116.82 and a 1 year high of $245.87. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 705.90 and a beta of 0.82. The business has a fifty day simple moving average of $216.60 and a two-hundred day simple moving average of $204.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.24 and a quick ratio of 3.24.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The company had revenue of $150.99 million during the quarter, compared to analysts’ expectations of $146.98 million. Research analysts forecast that Duolingo, Inc. will post 1.38 EPS for the current year.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $180.07, for a total transaction of $270,105.00. Following the transaction, the insider now owns 129,188 shares in the company, valued at $23,262,883.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, General Counsel Stephen C. Chen sold 2,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $190.00, for a total transaction of $380,000.00. Following the transaction, the general counsel now directly owns 35,033 shares of the company’s stock, valued at $6,656,270. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $180.07, for a total transaction of $270,105.00. Following the completion of the sale, the insider now directly owns 129,188 shares of the company’s stock, valued at approximately $23,262,883.16. The disclosure for this sale can be found here. Insiders sold 125,223 shares of company stock worth $27,171,605 over the last three months. Insiders own 19.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Bank of America lifted their target price on Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Seaport Res Ptn reiterated a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. JPMorgan Chase & Co. initiated coverage on Duolingo in a research note on Monday, March 11th. They issued an “overweight” rating and a $270.00 price target for the company. Barclays upped their price objective on Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. Finally, Needham & Company LLC raised their target price on shares of Duolingo from $210.00 to $241.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $245.13.

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.