Raymond James Financial Inc. Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

Raymond James Financial Inc. acquired a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,594 shares of the company's stock, valued at approximately $6,677,000.

Other hedge funds have also added to or reduced their stakes in the company. Kensington Investment Counsel LLC grew its holdings in shares of Duolingo by 0.5% in the fourth quarter. Kensington Investment Counsel LLC now owns 5,633 shares of the company's stock worth $1,826,000 after acquiring an additional 30 shares during the period. Atria Investments Inc raised its stake in Duolingo by 3.9% during the 4th quarter. Atria Investments Inc now owns 1,029 shares of the company's stock valued at $334,000 after purchasing an additional 39 shares during the period. Lisanti Capital Growth LLC boosted its position in shares of Duolingo by 0.3% during the fourth quarter. Lisanti Capital Growth LLC now owns 11,685 shares of the company's stock worth $3,789,000 after acquiring an additional 40 shares during the last quarter. Fifth Third Bancorp boosted its stake in Duolingo by 19.3% during the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company's stock valued at $84,000 after buying an additional 42 shares during the last quarter. Finally, Smithfield Trust Co raised its holdings in shares of 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 in the last quarter. 91.59% of the stock is owned by institutional investors.

Duolingo Stock Up 1.1 %

Shares of NASDAQ:DUOL traded up $4.14 during trading on Tuesday, hitting $388.48. The company's stock had a trading volume of 207,724 shares, compared to its average volume of 714,081. The company has a market capitalization of $17.58 billion, a PE ratio of 211.97 and a beta of 0.91. The business has a 50 day moving average price of $324.75 and a two-hundred day moving average price of $333.63. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). The firm had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. As a group, research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $327.41, for a total value of $2,619,280.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Meese sold 10,000 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $367.65, for a total transaction of $3,676,500.00. Following the completion of the sale, the insider now owns 123,805 shares of the company's stock, valued at approximately $45,516,908.25. The trade was a 7.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,868 shares of company stock worth $35,574,300 in the last quarter. 18.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on DUOL. The Goldman Sachs Group increased their price objective on shares of Duolingo from $275.00 to $340.00 and gave the company a "neutral" rating in a research report on Monday, March 3rd. JMP Securities reissued a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Piper Sandler increased their target price on Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Barclays boosted their price objective on shares of Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Finally, DA Davidson increased their price objective on Duolingo from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $376.15.

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.