Duolingo, Inc. (NASDAQ:DUOL) Holdings Boosted by LPL Financial LLC

LPL Financial LLC grew its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 73.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,198 shares of the company’s stock after purchasing an additional 1,776 shares during the period. LPL Financial LLC’s holdings in Duolingo were worth $1,361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DUOL. Kensington Investment Counsel LLC boosted its holdings in Duolingo by 0.5% during the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company’s stock valued at $1,826,000 after acquiring an additional 30 shares during the period. Atria Investments Inc boosted its stake in Duolingo by 3.9% during the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company’s stock valued at $334,000 after purchasing an additional 39 shares during the period. Lisanti Capital Growth LLC grew its holdings in Duolingo by 0.3% in the 4th quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company’s stock valued at $3,789,000 after buying an additional 40 shares during the last quarter. Fifth Third Bancorp increased its position in Duolingo by 19.3% in the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after buying an additional 42 shares during the period. Finally, Smithfield Trust Co lifted its holdings in shares of Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company’s stock worth $51,000 after buying an additional 46 shares during 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 8,000 shares of Duolingo stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $327.41, for a total value of $2,619,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalie Glance sold 2,667 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the transaction, the insider now directly owns 129,572 shares in the company, valued at $56,400,100.16. The trade was a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 94,868 shares of company stock worth $32,093,700 over the last ninety days. Corporate insiders own 18.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DUOL shares. Barclays raised their price objective on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. UBS Group decreased their price target on shares of Duolingo from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 price objective for the company in a research report on Tuesday, March 18th. Needham & Company LLC lifted their target price on Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, DA Davidson upped their price target on Duolingo from $400.00 to $410.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $372.92.

Duolingo Price Performance

Shares of DUOL stock opened at $326.50 on Friday. The stock’s fifty day simple moving average is $332.83 and its 200 day simple moving average is $329.90. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of 178.42 and a beta of 0.91. 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 issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $209.55 million for the quarter, compared to the consensus estimate of $205.49 million. On average, analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal 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.