Belpointe Asset Management LLC Acquires Shares of 1,137 Duolingo, Inc. $DUOL

Belpointe Asset Management LLC acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,137 shares of the company's stock, valued at approximately $466,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new position in Duolingo during the first quarter worth about $3,772,000. Hsbc Holdings PLC grew its position in shares of Duolingo by 39.0% during the 1st quarter. Hsbc Holdings PLC now owns 3,186 shares of the company's stock worth $995,000 after purchasing an additional 894 shares in the last quarter. Encompass More Asset Management acquired a new position in shares of Duolingo during the 1st quarter worth approximately $762,000. Jump Financial LLC increased its holdings in shares of Duolingo by 563.7% during the first quarter. Jump Financial LLC now owns 104,693 shares of the company's stock worth $32,511,000 after purchasing an additional 88,918 shares during the period. Finally, Silvant Capital Management LLC acquired a new stake in shares of Duolingo in the first quarter valued at approximately $1,946,000. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In related news, CFO Matthew Skaruppa sold 10,937 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total value of $3,471,294.43. Following the completion of the sale, the chief financial officer directly owned 43,345 shares in the company, valued at $13,757,269.55. This represents a 20.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $288.94, for a total value of $2,889,400.00. Following the transaction, the insider directly owned 72 shares of the company's stock, valued at approximately $20,803.68. This represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,791 shares of company stock worth $26,918,301. 15.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded Duolingo from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. JPMorgan Chase & Co. upped their target price on Duolingo from $500.00 to $515.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Barclays increased their target price on Duolingo from $375.00 to $390.00 and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Citigroup dropped their price target on Duolingo from $400.00 to $375.00 and set a "buy" rating for the company in a research note on Wednesday, September 17th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Duolingo in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $419.32.

Duolingo Price Performance

Duolingo stock opened at $337.19 on Friday. The stock has a 50-day moving average price of $316.78 and a two-hundred day moving average price of $380.38. Duolingo, Inc. has a 12 month low of $256.63 and a 12 month high of $544.93. The company has a market capitalization of $15.45 billion, a PE ratio of 138.76, a P/E/G ratio of 2.32 and a beta of 0.86. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.36. The company had revenue of $252.27 million for the quarter, compared to analysts' expectations of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The business's quarterly revenue was up 41.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. Analysts expect that Duolingo, Inc. will post 2.03 EPS for the current 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.

Want to see what other hedge funds are holding DUOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duolingo, Inc. (NASDAQ:DUOL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.