Hennion & Walsh Asset Management Inc. Grows Position in Duolingo, Inc. (NASDAQ:DUOL)

Hennion & Walsh Asset Management Inc. increased its position in Duolingo, Inc. (NASDAQ:DUOL) by 79.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,091 shares of the company’s stock after buying an additional 1,371 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Duolingo were worth $682,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Duolingo by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 3,320,429 shares of the company’s stock valued at $753,239,000 after acquiring an additional 129,290 shares during the period. Wellington Management Group LLP grew its stake in shares of Duolingo by 147.6% in the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after purchasing an additional 358,938 shares during the last quarter. Norges Bank purchased a new position in Duolingo during the 4th quarter valued at about $84,042,000. American Century Companies Inc. bought a new position in Duolingo during the 3rd quarter valued at approximately $48,552,000. Finally, Charles Schwab Investment Management Inc. raised its position in Duolingo by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 279,969 shares of the company’s stock valued at $63,511,000 after purchasing an additional 7,863 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Performance

Duolingo stock opened at $193.89 on Wednesday. Duolingo, Inc. has a twelve month low of $121.89 and a twelve month high of $251.30. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $8.36 billion, a P/E ratio of 199.89 and a beta of 0.73. The stock’s 50 day moving average is $201.81 and its 200 day moving average is $206.42.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, May 8th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.27. The business had revenue of $167.70 million during the quarter, compared to analysts’ expectations of $165.60 million. Duolingo had a net margin of 7.82% and a return on equity of 7.08%. The business’s revenue for the quarter was up 44.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.06) earnings per share. On average, equities research analysts predict that Duolingo, Inc. will post 1.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DUOL shares. Piper Sandler reiterated an “overweight” rating and issued a $265.00 price objective (down from $282.00) on shares of Duolingo in a research report on Friday, May 10th. DA Davidson initiated coverage on shares of Duolingo in a report on Thursday, June 13th. They issued a “buy” rating and a $250.00 price objective for the company. JMP Securities raised shares of Duolingo from a “market perform” rating to a “market outperform” rating and set a $260.00 target price for the company in a research report on Tuesday, May 28th. JPMorgan Chase & Co. started coverage on shares of Duolingo in a research report on Monday, March 11th. They set an “overweight” rating and a $270.00 price target on the stock. Finally, Needham & Company LLC raised their price objective on shares of Duolingo from $241.00 to $267.00 and gave the stock a “buy” rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $246.70.

Insider Activity at Duolingo

In other news, CEO Ahn Luis Von sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $223.51, for a total transaction of $2,682,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Ahn Luis Von sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $223.51, for a total transaction of $2,682,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $215.35, for a total value of $323,025.00. Following the completion of the transaction, the insider now directly owns 124,505 shares in the company, valued at $26,812,151.75. The disclosure for this sale can be found here. Insiders have sold 56,198 shares of company stock valued at $11,957,698 over the last ninety days. Insiders own 18.30% of the company’s stock.

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.