Duolingo, Inc. (NASDAQ:DUOL) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 52.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,354 shares of the company's stock after purchasing an additional 1,836 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Duolingo were worth $1,663,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Congress Asset Management Co. acquired a new position in Duolingo during the first quarter worth about $15,430,000. Taika Capital LP purchased a new position in shares of Duolingo during the 4th quarter worth approximately $2,697,000. BNP Paribas Financial Markets purchased a new position in shares of Duolingo during the 4th quarter worth approximately $9,708,000. Redwood Investment Management LLC acquired a new position in shares of Duolingo during the 4th quarter worth approximately $1,429,000. Finally, Abacus FCF Advisors LLC purchased a new stake in Duolingo in the 1st quarter valued at approximately $4,904,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Trading Down 1.5%

Shares of NASDAQ DUOL traded down $6.06 during trading on Wednesday, hitting $397.00. 637,421 shares of the company traded hands, compared to its average volume of 723,400. The firm has a market capitalization of $18.04 billion, a P/E ratio of 195.57, a P/E/G ratio of 3.09 and a beta of 0.89. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $476.60 and a 200-day moving average price of $385.98. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. The firm had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The business's revenue for the quarter was up 37.6% on a year-over-year basis. On average, equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $471.20, for a total value of $4,712,000.00. Following the completion of the sale, the insider owned 72 shares of the company's stock, valued at $33,926.40. This represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Meese sold 5,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the completion of the transaction, the insider directly owned 118,805 shares in the company, valued at approximately $46,927,975. This represents a 4.04% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 73,000 shares of company stock worth $29,261,180. 15.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on DUOL shares. Barclays increased their price objective on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. upped their target price on shares of Duolingo from $500.00 to $580.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. DA Davidson lowered their price target on shares of Duolingo from $600.00 to $500.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. The Goldman Sachs Group boosted their price objective on shares of Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Finally, Evercore ISI raised their target price on shares of Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Duolingo currently has an average rating of "Moderate Buy" and a consensus price target of $443.53.

Duolingo Company 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.