Westwood Holdings Group Inc. Has $17.05 Million Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Westwood Holdings Group Inc. trimmed its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,591 shares of the company's stock after selling 2,111 shares during the quarter. Westwood Holdings Group Inc. owned 0.12% of Duolingo worth $17,052,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of DUOL. Quarry LP boosted its stake in Duolingo by 250.0% in the 4th 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 stake in shares of Duolingo in the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd boosted its stake in shares of 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 purchasing an additional 101 shares in the last quarter. Global Retirement Partners LLC boosted its position in Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after buying an additional 113 shares in the last quarter. Finally, Smithfield Trust Co boosted its position in Duolingo by 41.8% in the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock valued at $51,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of the stock in a transaction 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 in the company, valued at approximately $21,474. This represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 9,020 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the transaction, the insider now owns 130,733 shares of the company's stock, valued at approximately $37,989,702.47. This represents a 6.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,853 shares of company stock valued at $31,627,441. Company insiders own 15.67% of the company's stock.

Duolingo Stock Down 1.7%

NASDAQ:DUOL opened at $520.23 on Tuesday. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 284.28 and a beta of 0.88. The stock has a 50-day moving average price of $372.29 and a two-hundred day moving average price of $354.58.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $223.15 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo's quarterly revenue was up 37.6% compared to the same quarter last year. As a group, equities analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. JMP Securities reissued a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. UBS Group upped their target price on shares of Duolingo from $400.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Piper Sandler set a $375.00 price objective on Duolingo in a report on Friday, May 2nd. 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 note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. upped their target price on shares of Duolingo from $360.00 to $500.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $426.29.

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.

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