Duolingo, Inc. (NASDAQ:DUOL) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 47.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,385 shares of the company’s stock after purchasing an additional 1,091 shares during the period. Kestra Private Wealth Services LLC’s holdings in Duolingo were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Congress Asset Management Co. purchased a new stake in shares of Duolingo in the first quarter worth approximately $15,430,000. SBI Securities Co. Ltd. raised its stake in shares of Duolingo by 41.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 4,158 shares of the company’s stock worth $1,291,000 after purchasing an additional 1,211 shares in the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of Duolingo by 12.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 6,925 shares of the company’s stock valued at $2,150,000 after acquiring an additional 775 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Duolingo during the fourth quarter valued at approximately $9,708,000. Finally, Cerity Partners LLC raised its holdings in Duolingo by 7.9% in the 1st quarter. Cerity Partners LLC now owns 55,642 shares of the company’s stock worth $17,279,000 after acquiring an additional 4,062 shares during the period. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $360.33, for a total value of $3,603,300.00. Following the transaction, the insider owned 72 shares in the company, valued at approximately $25,943.76. This trade represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Meese sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total value of $1,975,000.00. Following the completion of the transaction, the insider owned 118,805 shares in the company, valued at $46,927,975. The trade was a 4.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,000 shares of company stock worth $24,429,700 over the last three months. 15.67% of the stock is owned by insiders.

Duolingo Price Performance

Duolingo stock opened at $359.79 on Thursday. The business’s 50-day simple moving average is $451.59 and its 200 day simple moving average is $390.07. The stock has a market cap of $16.35 billion, a price-to-earnings ratio of 177.24, a P/E/G ratio of 2.74 and a beta of 0.89. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $544.93.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.20. The company had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The business’s quarterly revenue was up 37.6% on a year-over-year basis. As a group, research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on DUOL. Piper Sandler set a $375.00 price target on Duolingo in a research report on Friday, May 2nd. The Goldman Sachs Group lifted their price target on shares of Duolingo from $340.00 to $403.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Scotiabank lifted their price target on shares of Duolingo from $405.00 to $470.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 2nd. Evercore ISI lifted their price target on shares of Duolingo from $400.00 to $480.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, Barclays boosted their price target on Duolingo from $330.00 to $375.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Duolingo currently has an average rating of “Moderate Buy” and a consensus price target of $435.87.

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.