Duolingo, Inc. (NASDAQ:DUOL) Position Boosted by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,686 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Duolingo were worth $382,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. raised its stake in shares of Duolingo by 0.8% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company’s stock worth $2,003,000 after buying an additional 72 shares in the last quarter. Xponance Inc. lifted its stake in Duolingo by 4.8% during the fourth quarter. Xponance Inc. now owns 1,774 shares of the company’s stock valued at $402,000 after purchasing an additional 82 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Duolingo by 4.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the company’s stock worth $647,000 after buying an additional 165 shares in the last quarter. FSC Wealth Advisors LLC acquired a new position in Duolingo in the fourth quarter worth approximately $39,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Duolingo by 6.6% in the third quarter. Victory Capital Management Inc. now owns 3,732 shares of the company’s stock valued at $619,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling at Duolingo

In other news, CEO Ahn Luis Von sold 22,023 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $220.26, for a total value of $4,850,785.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Duolingo news, General Counsel Stephen C. Chen sold 2,000 shares of the business’s stock in a transaction on 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 in the company, valued at $6,656,270. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ahn Luis Von sold 22,023 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $220.26, for a total transaction of $4,850,785.98. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,223 shares of company stock worth $27,273,230. Insiders own 19.85% of the company’s stock.

Duolingo Stock Up 0.3 %

Shares of NASDAQ:DUOL opened at $248.84 on Wednesday. The firm has a market cap of $10.67 billion, a P/E ratio of 731.90 and a beta of 0.82. The business’s 50 day simple moving average is $219.15 and its two-hundred day simple moving average is $206.23. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. Duolingo, Inc. has a 52-week low of $121.89 and a 52-week high of $251.30.

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. The company had revenue of $150.99 million during the quarter, compared to the consensus estimate of $146.98 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. As a group, research analysts forecast that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DUOL has been the subject of a number of recent analyst reports. Seaport Res Ptn reiterated a “buy” rating on shares of Duolingo in a research report on Tuesday, February 27th. Piper Sandler boosted their price target on Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. Bank of America increased 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. The Goldman Sachs Group lifted their price target on shares of Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research report on Thursday, February 29th. Finally, UBS Group raised their price objective on Duolingo from $230.00 to $275.00 and gave the stock 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 stock. Based on data from MarketBeat.com, Duolingo currently has an average rating of “Hold” and a consensus price target of $245.13.

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.