Moran Wealth Management LLC Invests $1.41 Million in Duolingo, Inc. $DUOL

Moran Wealth Management LLC purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,035 shares of the company’s stock, valued at approximately $1,410,000.

A number of other institutional investors also recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its holdings in Duolingo by 71.9% in the fourth quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock worth $853,184,000 after buying an additional 2,033,611 shares during the period. Dragoneer Investment Group LLC grew its holdings in shares of Duolingo by 324.4% during the 3rd quarter. Dragoneer Investment Group LLC now owns 1,580,787 shares of the company’s stock worth $508,760,000 after acquiring an additional 1,208,346 shares during the period. Balyasny Asset Management L.P. raised its position in shares of Duolingo by 22,970.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 415,268 shares of the company’s stock worth $133,650,000 after acquiring an additional 413,468 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Duolingo by 78.4% in the 3rd quarter. AQR Capital Management LLC now owns 740,869 shares of the company’s stock worth $238,441,000 after acquiring an additional 325,648 shares in the last quarter. Finally, Capital International Investors purchased a new position in shares of Duolingo in the 3rd quarter valued at approximately $98,456,000. 91.59% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Duolingo news, General Counsel Stephen C. Chen sold 1,901 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $113.26, for a total transaction of $215,307.26. Following the completion of the sale, the general counsel directly owned 30,545 shares in the company, valued at approximately $3,459,526.70. This trade represents a 5.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 3,545 shares of Duolingo stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $113.51, for a total transaction of $402,392.95. Following the completion of the transaction, the insider directly owned 115,380 shares of the company’s stock, valued at $13,096,783.80. This trade represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,939 shares of company stock worth $1,676,291 over the last quarter. 18.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Duolingo in a research report on Monday, December 29th. UBS Group set a $245.00 price objective on Duolingo in a research report on Monday, January 5th. DA Davidson set a $85.00 target price on shares of Duolingo in a report on Thursday, April 9th. Bank of America reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Duolingo in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $95.00 price target (down from $200.00) on shares of Duolingo in a research note on Friday, February 27th. Four research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Duolingo presently has a consensus rating of “Hold” and an average target price of $206.32.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $100.51 on Monday. The stock has a fifty day simple moving average of $102.02 and a two-hundred day simple moving average of $171.48. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 0.70 and a beta of 0.89. Duolingo, Inc. has a 12-month low of $87.89 and a 12-month high of $544.93. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last released its earnings results on Thursday, February 26th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.79 by $0.12. Duolingo had a return on equity of 14.88% and a net margin of 39.91%.The business had revenue of $282.87 million for the quarter, compared to the consensus estimate of $275.95 million. Duolingo’s revenue for the quarter was up 35.0% compared to the same quarter last year. On average, research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

About Duolingo

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.