Alliance Wealth Advisors LLC UT Acquires Shares of 2,081 Duolingo, Inc. $DUOL

Key Points

• Alliance Wealth Advisors LLC UT has acquired 2,081 shares of Duolingo, Inc. stock, valued at approximately $646,000, as part of its investment strategy in the first quarter.
• Insider Severin Hacker sold 10,000 shares of Duolingo, significantly reducing his ownership by 99.29%, amidst a broader trend where insiders sold a total of 50,000 shares worth over $20 million in the last quarter.
• Analysts maintain a positive outlook on Duolingo, with an average rating of "Moderate Buy" and a target price of $454.20, following several adjustments to target prices from various firms.

Alliance Wealth Advisors LLC UT acquired a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,081 shares of the company's stock, valued at approximately $646,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Lido Advisors LLC grew its stake in shares of Duolingo by 0.3% during the fourth quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock valued at $3,276,000 after buying an additional 30 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in Duolingo by 1.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company's stock valued at $914,000 after acquiring an additional 34 shares in the last quarter. Larson Financial Group LLC boosted its position in Duolingo by 24.4% during the 1st quarter. Larson Financial Group LLC now owns 199 shares of the company's stock valued at $62,000 after acquiring an additional 39 shares in the last quarter. Fifth Third Bancorp boosted its position in Duolingo by 20.4% during the 1st quarter. Fifth Third Bancorp now owns 313 shares of the company's stock valued at $97,000 after acquiring an additional 53 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Duolingo by 90.1% during the first quarter. Signaturefd LLC now owns 135 shares of the company's stock valued at $42,000 after purchasing an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Wall Street Analyst Weigh In

DUOL has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of Duolingo from $480.00 to $500.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Scotiabank boosted their price objective on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Duolingo from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Piper Sandler set a $375.00 price objective on shares of Duolingo in a report on Friday, May 2nd. Finally, UBS Group reiterated an "overweight" rating on shares of Duolingo in a research note on Thursday, May 22nd. Thirteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $451.35.

Insider Buying and Selling

In other news, insider Natalie Glance sold 2,533 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $833,432.99. Following the transaction, the insider directly owned 122,112 shares of the company's stock, valued at approximately $40,178,511.36. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $344.41, for a total transaction of $3,444,100.00. Following the transaction, the insider directly owned 72 shares in the company, valued at approximately $24,797.52. This trade represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,056 shares of company stock worth $23,589,966 over the last three months. 15.67% of the stock is currently owned by company insiders.

Duolingo Price Performance

Duolingo stock traded up $6.64 during mid-day trading on Thursday, hitting $345.52. The stock had a trading volume of 1,316,842 shares, compared to its average volume of 1,039,064. The firm has a market capitalization of $15.83 billion, a P/E ratio of 142.19, a P/E/G ratio of 2.27 and a beta of 0.87. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10. The firm's 50 day moving average is $383.78 and its 200 day moving average is $391.48. Duolingo, Inc. has a one year low of $202.38 and a one year high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business's revenue was up 41.5% on a year-over-year basis. On average, sell-side analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Duolingo 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.