Wealth Enhancement Advisory Services LLC Raises Position in Duolingo, Inc. (NASDAQ:DUOL)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 74.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,518 shares of the company's stock after buying an additional 1,505 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Duolingo were worth $1,141,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. FMR LLC boosted its holdings in Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after acquiring an additional 1,063,327 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Duolingo by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock valued at $1,148,486,000 after purchasing an additional 70,705 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in 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 purchasing an additional 10,638 shares during the last quarter. Invesco Ltd. grew its position in Duolingo by 53.5% in the 4th quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after purchasing an additional 378,225 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Duolingo by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 683,498 shares of the company's stock worth $221,676,000 after purchasing an additional 10,698 shares in the last quarter. Institutional investors own 91.59% of the company's stock.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $512.95 on Monday. The firm has a market capitalization of $23.32 billion, a PE ratio of 280.30 and a beta of 1.00. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $430.90 and a two-hundred day moving average price of $374.37. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.72 EPS for the quarter, beating 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 company had revenue of $230.74 million for the quarter, compared to analysts' expectations of $223.15 million. The firm's revenue was up 37.6% compared to the same quarter last year. Equities analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DUOL shares. The Goldman Sachs Group boosted their target price on Duolingo from $340.00 to $403.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. DA Davidson boosted their price objective on Duolingo from $470.00 to $600.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Evercore ISI raised their target price on Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. lifted their target price on Duolingo from $500.00 to $580.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Piper Sandler set a $375.00 price target on shares of Duolingo in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $441.29.

Insider Activity at Duolingo

In other news, insider Robert Meese sold 5,351 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $320.02, for a total value of $1,712,427.02. Following the sale, the insider now directly owns 133,805 shares of the company's stock, valued at approximately $42,820,276.10. This represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the completion of the transaction, the insider now owns 72 shares of the company's stock, valued at $21,474. This trade represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 84,833 shares of company stock worth $29,006,319. 15.67% of the stock is owned by company insiders.

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.

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