Westfuller Advisors LLC Acquires Shares of 700 Duolingo, Inc. (NASDAQ:DUOL)

Westfuller Advisors LLC purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 700 shares of the company's stock, valued at approximately $227,000.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its position in Duolingo by 90.9% during the third quarter. Barclays PLC now owns 42,613 shares of the company's stock worth $12,018,000 after purchasing an additional 20,289 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Duolingo by 6.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 2,908 shares of the company's stock worth $943,000 after buying an additional 168 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Duolingo by 50.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 180 shares of the company's stock worth $58,000 after buying an additional 60 shares during the period. Dakota Wealth Management boosted its holdings in Duolingo by 56.0% in the fourth quarter. Dakota Wealth Management now owns 1,768 shares of the company's stock valued at $573,000 after acquiring an additional 635 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in Duolingo by 19.3% during the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company's stock worth $84,000 after purchasing an additional 42 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DUOL has been the topic of several recent research reports. Scotiabank lifted their target price on shares of Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Needham & Company LLC upped their target price on Duolingo from $400.00 to $460.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Morgan Stanley increased their target price on Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a research report on Tuesday, March 18th. Finally, Evercore ISI upped their price target on Duolingo from $400.00 to $480.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Duolingo has a consensus rating of "Moderate Buy" and a consensus target price of $426.29.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 9,020 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total value of $2,621,121.80. Following the completion of the transaction, the insider now directly owns 130,733 shares in the company, valued at $37,989,702.47. This trade represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the transaction, the insider now owns 72 shares in the company, valued at approximately $21,474. The trade was a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,853 shares of company stock worth $31,627,441 in the last three months. 15.67% of the stock is currently owned by insiders.

Duolingo Price Performance

Shares of NASDAQ DUOL traded up $4.79 during midday trading on Tuesday, reaching $525.00. The company's stock had a trading volume of 524,014 shares, compared to its average volume of 714,170. Duolingo, Inc. has a one year low of $145.05 and a one year high of $544.93. The company has a market cap of $23.86 billion, a price-to-earnings ratio of 286.89 and a beta of 0.88. The company has a 50 day moving average price of $395.45 and a 200 day moving average price of $361.87. 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 (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, topping the consensus estimate 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 analyst estimates of $223.15 million. The business's revenue for the quarter was up 37.6% on a year-over-year basis. On average, equities research 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.