Blue Trust Inc. Increases Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Blue Trust Inc. raised its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 228.7% in the third quarter, Holdings Channel reports. The institutional investor owned 470 shares of the company’s stock after buying an additional 327 shares during the quarter. Blue Trust Inc.’s holdings in Duolingo were worth $133,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DUOL. Hennion & Walsh Asset Management Inc. increased its position in shares of Duolingo by 79.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,091 shares of the company’s stock valued at $682,000 after purchasing an additional 1,371 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Duolingo by 10.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 68,441 shares of the company’s stock worth $15,097,000 after purchasing an additional 6,601 shares during the period. Edmonds Duncan Registered Investment Advisors LLC bought a new position in Duolingo in the 1st quarter worth approximately $273,000. Principal Financial Group Inc. boosted its stake in Duolingo by 17.4% in the 1st quarter. Principal Financial Group Inc. now owns 58,680 shares of the company’s stock worth $12,944,000 after purchasing an additional 8,711 shares during the period. Finally, Private Advisor Group LLC boosted its stake in Duolingo by 261.6% in the 1st quarter. Private Advisor Group LLC now owns 11,764 shares of the company’s stock worth $2,595,000 after purchasing an additional 8,511 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of DUOL stock opened at $291.61 on Monday. Duolingo, Inc. has a 1-year low of $140.16 and a 1-year high of $297.56. The stock’s 50-day moving average is $251.96 and its 200 day moving average is $214.86. The company has a market cap of $12.70 billion, a P/E ratio of 208.29 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. Research analysts predict that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DUOL shares. Needham & Company LLC upped their price target on Duolingo from $245.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Bank of America increased their target price on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Wolfe Research started coverage on Duolingo in a research report on Tuesday, July 16th. They set a “peer perform” rating for the company. The Goldman Sachs Group increased their target price on Duolingo from $198.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Finally, DA Davidson reiterated a “buy” rating and set a $250.00 target price on shares of Duolingo in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $277.22.

Insider Activity at Duolingo

In related news, CFO Matthew Skaruppa sold 8,000 shares of Duolingo stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $166.50, for a total transaction of $1,332,000.00. Following the completion of the transaction, the chief financial officer now directly owns 95,731 shares in the company, valued at approximately $15,939,211.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, General Counsel Stephen C. Chen sold 19,464 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $211.55, for a total value of $4,117,609.20. Following the sale, the general counsel now owns 35,558 shares in the company, valued at approximately $7,522,294.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Skaruppa sold 8,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $166.50, for a total value of $1,332,000.00. Following the completion of the sale, the chief financial officer now owns 95,731 shares in the company, valued at $15,939,211.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,374 shares of company stock worth $18,571,912. 18.30% of the stock is owned by corporate 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.