Westfuller Advisors LLC Makes New Investment in Duolingo, Inc. (NASDAQ:DUOL)

Westfuller Advisors LLC acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 700 shares of the company's stock, valued at approximately $227,000.

Other large investors have also bought and sold shares of the company. Quarry LP boosted its position in Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo in the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd raised its holdings in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after buying an additional 101 shares during the last quarter. Global Retirement Partners LLC boosted its position in Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after buying an additional 113 shares during the period. Finally, Smithfield Trust Co grew its holdings in Duolingo by 41.8% during the 4th quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after acquiring an additional 46 shares during the last quarter. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DUOL has been the topic of a number of recent research reports. DA Davidson lifted their price target on shares of Duolingo from $410.00 to $470.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. The Goldman Sachs Group upped their price target on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Barclays raised their price objective on Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley upped their target price on Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $426.29.

Insider Buying and Selling

In other news, insider Robert Meese sold 5,000 shares of Duolingo stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the completion of the sale, the insider now owns 118,805 shares in the company, valued at approximately $46,927,975. This trade represents a 4.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Severin Hacker sold 10,000 shares of the business's 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 completion of the transaction, the insider now directly owns 72 shares of the company's stock, valued at approximately $21,474. This represents a 99.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,853 shares of company stock valued at $31,627,441. 15.67% of the stock is owned by company insiders.

Duolingo Stock Down 0.5%

DUOL traded down $2.53 during midday trading on Thursday, hitting $521.87. The company had a trading volume of 331,976 shares, compared to its average volume of 707,612. 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 stock's 50 day moving average price is $404.13 and its 200 day moving average price is $364.12. The company has a market capitalization of $23.72 billion, a price-to-earnings ratio of 285.12 and a beta of 0.88. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week 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 the consensus estimate of $0.52 by $0.20. The business had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business's revenue was up 37.6% on a year-over-year basis. On average, research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

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.