RIA Advisory Group LLC Takes $1.24 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

RIA Advisory Group LLC purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,478 shares of the company's stock, valued at approximately $1,243,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DUOL. Durable Capital Partners LP grew its holdings in shares of Duolingo by 59.8% in the first quarter. Durable Capital Partners LP now owns 3,248,046 shares of the company's stock valued at $308,922,000 after purchasing an additional 1,215,144 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Duolingo by 605.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,126,165 shares of the company's stock valued at $98,596,000 after purchasing an additional 966,604 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Duolingo by 24.8% in the third quarter. Vanguard Group Inc. now owns 2,357,551 shares of the company's stock valued at $224,510,000 after purchasing an additional 468,057 shares in the last quarter. Norges Bank acquired a new position in shares of Duolingo in the fourth quarter valued at approximately $32,403,000. Finally, BlackRock Inc. grew its holdings in shares of Duolingo by 95.6% in the first quarter. BlackRock Inc. now owns 822,978 shares of the company's stock valued at $78,275,000 after purchasing an additional 402,222 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DUOL shares. Barclays lifted their price objective on shares of Duolingo from $173.00 to $243.00 and gave the company an "equal weight" rating in a report on Thursday, February 29th. UBS Group boosted their price target on shares of Duolingo from $230.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, February 29th. JPMorgan Chase & Co. started coverage on shares of Duolingo in a report on Monday, March 11th. They set an "overweight" rating and a $270.00 price target for the company. Seaport Res Ptn reiterated a "buy" rating on shares of Duolingo in a report on Tuesday, February 27th. Finally, Piper Sandler boosted their price target on shares of Duolingo from $217.00 to $282.00 and gave the stock an "overweight" rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $245.13.

Duolingo Stock Down 2.4 %

Shares of Duolingo stock traded down $4.91 during trading hours on Friday, hitting $200.15. The company had a trading volume of 6,564,207 shares, compared to its average volume of 727,614. The company's 50-day moving average is $209.90 and its two-hundred day moving average is $201.22. Duolingo, Inc. has a twelve month low of $116.82 and a twelve month high of $245.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.24 and a quick ratio of 3.24. The company has a market cap of $8.58 billion, a P/E ratio of 588.69 and a beta of 0.83.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The business had revenue of $150.99 million during the quarter, compared to analysts' expectations of $146.98 million. Analysts anticipate that Duolingo, Inc. will post 1.38 earnings per share for the current fiscal year.

Insider Activity at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,000 shares of the company's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $190.00, for a total value of $380,000.00. Following the completion of the sale, the general counsel now owns 35,033 shares in the company, valued at approximately $6,656,270. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, General Counsel Stephen C. Chen sold 2,000 shares of the company's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $190.00, for a total value of $380,000.00. Following the completion of the sale, the general counsel now owns 35,033 shares in the company, valued at approximately $6,656,270. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $178.62, for a total transaction of $1,786,200.00. Following the completion of the sale, the insider now owns 72 shares of the company's stock, valued at approximately $12,860.64. The disclosure for this sale can be found here. Insiders sold a total of 113,223 shares of company stock worth $23,682,665 in the last 90 days. 19.85% of the stock is owned by insiders.

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.