Captrust Financial Advisors Increases Position in Duolingo, Inc. (NASDAQ:DUOL)

Captrust Financial Advisors boosted its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 19.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,354 shares of the company's stock after buying an additional 2,483 shares during the quarter. Captrust Financial Advisors' holdings in Duolingo were worth $4,978,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DUOL. Bank of America Corp DE boosted its stake in Duolingo by 23.4% during the fourth quarter. Bank of America Corp DE now owns 160,239 shares of the company's stock worth $51,954,000 after buying an additional 30,438 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Duolingo during the 4th quarter valued at about $9,708,000. Algert Global LLC increased its stake in Duolingo by 15.3% in the fourth quarter. Algert Global LLC now owns 33,714 shares of the company's stock valued at $10,931,000 after acquiring an additional 4,471 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Duolingo by 7.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,721 shares of the company's stock worth $558,000 after purchasing an additional 115 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in Duolingo by 22.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,166 shares of the company's stock worth $4,269,000 after purchasing an additional 2,416 shares during the period. 91.59% of the stock is owned by institutional investors.

Insider Transactions at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares in the company, valued at $15,069,946.08. The trade was a 5.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $495.95, for a total value of $4,959,500.00. Following the completion of the sale, the insider now directly owns 72 shares of the company's stock, valued at approximately $35,708.40. This trade represents a 99.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 109,868 shares of company stock valued at $38,594,200 over the last three months. Corporate insiders own 15.67% of the company's stock.

Analysts Set New Price Targets

DUOL has been the topic of several analyst reports. Needham & Company LLC upped their target price on shares of Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Barclays boosted their price target on shares of Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. DA Davidson raised their price objective on shares of Duolingo from $410.00 to $470.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Piper Sandler set a $375.00 target price on Duolingo in a report on Friday, May 2nd. Finally, Scotiabank increased their price target on Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.29.

Duolingo Trading Down 1.4%

DUOL traded down $7.53 during trading on Thursday, reaching $533.16. 270,826 shares of the company's stock were exchanged, compared to its average volume of 717,740. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a one year low of $145.05 and a one year high of $544.93. The firm has a fifty day moving average price of $357.55 and a two-hundred day moving average price of $348.94. The stock has a market capitalization of $24.23 billion, a PE ratio of 292.51 and a beta of 0.88.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. The firm's revenue for the quarter was up 37.6% compared to the same quarter last year. As a group, equities research analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

About Duolingo

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.