Congress Asset Management Co. Boosts Holdings in Duolingo, Inc. $DUOL

Congress Asset Management Co. boosted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 12.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 59,722 shares of the company’s stock after purchasing an additional 6,781 shares during the period. Congress Asset Management Co. owned approximately 0.13% of Duolingo worth $19,221,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Harbour Capital Advisors LLC boosted its stake in shares of Duolingo by 4.0% in the third quarter. Harbour Capital Advisors LLC now owns 1,940 shares of the company’s stock worth $621,000 after buying an additional 75 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Duolingo by 163.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 1,433 shares of the company’s stock valued at $461,000 after acquiring an additional 889 shares during the period. Wedmont Private Capital boosted its position in Duolingo by 8.0% in the 3rd quarter. Wedmont Private Capital now owns 888 shares of the company’s stock worth $284,000 after purchasing an additional 66 shares in the last quarter. Oak Thistle LLC grew its stake in shares of Duolingo by 23.8% during the 3rd quarter. Oak Thistle LLC now owns 4,446 shares of the company’s stock worth $1,431,000 after purchasing an additional 854 shares during the period. Finally, AssuredPartners Investment Advisors LLC grew its stake in shares of Duolingo by 12.6% during the 3rd quarter. AssuredPartners Investment Advisors LLC now owns 1,318 shares of the company’s stock worth $424,000 after purchasing an additional 148 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DUOL. Zacks Research cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. The Goldman Sachs Group decreased their price objective on shares of Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Barclays dropped their target price on Duolingo from $390.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. Scotiabank reduced their price target on Duolingo from $600.00 to $300.00 and set a “sector outperform” rating for the company in a report on Thursday, November 6th. Finally, Citigroup downgraded Duolingo from a “buy” rating to a “market perform” rating in a research report on Thursday, November 6th. Ten investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $329.44.

Duolingo Stock Up 1.7%

DUOL opened at $185.96 on Monday. The company has a market cap of $8.60 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.17 and a beta of 0.86. Duolingo, Inc. has a twelve month low of $166.27 and a twelve month high of $544.93. The company has a 50-day moving average price of $228.41 and a 200 day moving average price of $312.91. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $5.23. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The company had revenue of $271.71 million for the quarter, compared to analysts’ expectations of $260.14 million. During the same period in the previous year, the firm posted $0.49 EPS. Duolingo’s revenue was up 41.1% compared to the same quarter last year. Sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In related news, General Counsel Stephen C. Chen sold 1,514 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $175.87, for a total value of $266,267.18. Following the completion of the transaction, the general counsel directly owned 31,542 shares of the company’s stock, valued at approximately $5,547,291.54. This represents a 4.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $172.74, for a total value of $1,727,400.00. Following the completion of the transaction, the insider owned 72 shares in the company, valued at $12,437.28. The trade was a 99.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 66,452 shares of company stock valued at $15,846,732 over the last ninety days. Company insiders own 18.30% of the company’s stock.

Duolingo Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.