Redhawk Wealth Advisors Inc. Reduces Stake in Duolingo, Inc. (NASDAQ:DUOL)

Redhawk Wealth Advisors Inc. cut its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 16.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,678 shares of the company's stock after selling 1,292 shares during the period. Redhawk Wealth Advisors Inc.'s holdings in Duolingo were worth $2,074,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. FMR LLC increased its holdings in Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company's stock valued at $1,208,263,000 after purchasing an additional 1,063,327 shares during the period. Vanguard Group Inc. increased its stake in shares of Duolingo by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock valued at $1,148,486,000 after buying an additional 70,705 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Duolingo by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock worth $434,398,000 after acquiring an additional 10,638 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after acquiring an additional 378,225 shares during the period. Finally, Geode Capital Management LLC increased its position in Duolingo by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 683,498 shares of the company's stock valued at $221,676,000 after purchasing an additional 10,698 shares during the period. Institutional investors own 91.59% of the company's stock.

Duolingo Stock Down 0.5%

Shares of DUOL traded down $2.17 on Thursday, reaching $471.61. The company's stock had a trading volume of 262,174 shares, compared to its average volume of 867,472. The stock has a market capitalization of $21.44 billion, a PE ratio of 257.71 and a beta of 1.00. 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 twelve month low of $145.05 and a twelve month high of $544.93. The firm has a fifty day moving average of $441.17 and a 200-day moving average of $376.83.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted 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 net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $230.74 million for the quarter, compared to the consensus estimate of $223.15 million. Duolingo's quarterly revenue was up 37.6% compared to the same quarter last year. Equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $525.10, for a total transaction of $5,251,000.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at $37,807.20. This trade represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $293.80, for a total transaction of $2,350,400.00. The disclosure for this sale can be found here. Insiders sold 94,833 shares of company stock worth $34,257,319 in the last quarter. 15.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DUOL shares. Scotiabank upped their price objective on shares of Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Evercore ISI upped their price target on shares of Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. JMP Securities reissued a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Barclays upped their target price on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley boosted their price target on Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $441.29.

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.