Duolingo, Inc. (NASDAQ:DUOL) Shares Bought by US Bancorp DE

US Bancorp DE grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 142.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,450 shares of the company’s stock after purchasing an additional 1,439 shares during the period. US Bancorp DE’s holdings in Duolingo were worth $691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Duolingo by 5.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock worth $231,000 after acquiring an additional 55 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Duolingo by 3.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock valued at $409,000 after purchasing an additional 73 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Duolingo by 19.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock valued at $109,000 after purchasing an additional 85 shares during the period. Strategic Advocates LLC increased its stake in Duolingo by 8.3% in the 2nd quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock worth $240,000 after purchasing an additional 88 shares in the last quarter. Finally, nVerses Capital LLC raised its holdings in Duolingo by 33.3% during the 3rd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock worth $113,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $313.36, for a total transaction of $470,040.00. Following the transaction, the insider now owns 136,760 shares in the company, valued at $42,855,113.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the sale, the insider now owns 136,760 shares of the company’s stock, valued at $42,855,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Meese sold 5,000 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total value of $1,425,200.00. Following the transaction, the insider now directly owns 142,053 shares in the company, valued at approximately $40,490,787.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,374 shares of company stock worth $15,802,382 over the last ninety days. 18.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on DUOL. Bank of America raised their target price on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. raised their price objective on shares of Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday. Piper Sandler boosted their target price on shares of Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays raised their target price on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, DA Davidson upped their price target on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Duolingo currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.44.

Duolingo Price Performance

DUOL opened at $326.89 on Friday. The stock has a fifty day moving average price of $270.84 and a 200 day moving average price of $221.61. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $330.61. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 178.63 and a beta of 0.79.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.13. The company had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 12.20% and a net margin of 12.59%. The business’s quarterly revenue was up 39.9% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS. Analysts forecast that Duolingo, Inc. will post 1.87 EPS for the current fiscal year.

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.