AssuredPartners Investment Advisors LLC Takes Position in Duolingo, Inc. (NASDAQ:DUOL)

AssuredPartners Investment Advisors LLC purchased a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,835 shares of the company’s stock, valued at approximately $595,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Duolingo by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company’s stock valued at $1,148,486,000 after purchasing an additional 70,705 shares during the period. FMR LLC increased its stake in Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock worth $751,085,000 after buying an additional 564,173 shares during the period. State Street Corp lifted its holdings in Duolingo by 3.6% in the 3rd quarter. State Street Corp now owns 1,076,273 shares of the company’s stock worth $303,530,000 after buying an additional 36,923 shares in the last quarter. Geode Capital Management LLC boosted its position in Duolingo by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock valued at $189,790,000 after buying an additional 16,481 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Duolingo by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company’s stock valued at $112,330,000 after acquiring an additional 4,171 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the subject of a number of analyst reports. DA Davidson increased their price target on Duolingo from $400.00 to $410.00 and gave the company a “buy” rating in a report on Thursday. Barclays increased their target price on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Jefferies Financial Group assumed coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target on the stock. Finally, Piper Sandler raised their price objective on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a report on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $377.08.

Insider Buying and Selling at Duolingo

In other Duolingo news, Director Gillian Munson sold 5,000 shares of Duolingo stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $310.00, for a total transaction of $1,550,000.00. Following the sale, the director now owns 3,530 shares of the company’s stock, valued at $1,094,300. The trade was a 58.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Meese sold 5,351 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $320.02, for a total value of $1,712,427.02. Following the transaction, the insider now owns 133,805 shares of the company’s stock, valued at $42,820,276.10. This trade represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,850 shares of company stock worth $34,389,695. 18.30% of the stock is owned by insiders.

Duolingo Price Performance

DUOL opened at $332.94 on Friday. 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 company’s 50-day moving average price is $348.46 and its 200 day moving average price is $322.38. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $441.77. The firm has a market cap of $15.06 billion, a price-to-earnings ratio of 181.94 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The company had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. As a group, sell-side analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Duolingo Company 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.