Russell Investments Group Ltd. Increases Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Russell Investments Group Ltd. increased its stake in Duolingo, Inc. (NASDAQ:DUOL) by 30.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 71,823 shares of the company’s stock after buying an additional 16,558 shares during the quarter. Russell Investments Group Ltd.’s holdings in Duolingo were worth $16,568,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in DUOL. Cambridge Investment Research Advisors Inc. purchased a new position in Duolingo in the third quarter valued at about $432,000. Robeco Institutional Asset Management B.V. lifted its stake in Duolingo by 27.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 5,546 shares of the company’s stock valued at $920,000 after purchasing an additional 1,206 shares during the last quarter. J.W. Cole Advisors Inc. bought a new position in Duolingo during the third quarter valued at $910,000. Bank of New York Mellon Corp increased its position in Duolingo by 22.9% in the third quarter. Bank of New York Mellon Corp now owns 127,709 shares of the company’s stock worth $21,183,000 after buying an additional 23,800 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Duolingo by 27.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,507 shares of the company’s stock valued at $913,000 after buying an additional 1,192 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DUOL shares. The Goldman Sachs Group increased their price target on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research note on Thursday, February 29th. Barclays increased their target price on shares of Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th. Bank of America lifted their target price on shares of Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Seaport Res Ptn restated a “buy” rating on shares of Duolingo in a research note on Tuesday, February 27th. Finally, UBS Group lifted their price objective on shares of Duolingo from $230.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $245.13.

Insider Buying and Selling

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

Duolingo Stock Up 4.9 %

DUOL opened at $240.00 on Friday. The firm has a market capitalization of $10.29 billion, a P/E ratio of 705.90 and a beta of 0.82. Duolingo, Inc. has a one year low of $116.82 and a one year high of $245.87. The company has a fifty day moving average price of $216.60 and a 200-day moving average price 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 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The business had revenue of $150.99 million during the quarter, compared to analysts’ expectations of $146.98 million. Equities research analysts expect that Duolingo, Inc. will post 1.38 earnings per share for the current fiscal year.

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.