92 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by True Wealth Design LLC

True Wealth Design LLC bought a new position in Duolingo, Inc. (NASDAQ:DUOLFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 92 shares of the company’s stock, valued at approximately $26,000.

Other large investors have also recently added to or reduced their stakes in the company. Dragoneer Investment Group LLC acquired a new position in shares of Duolingo during the second quarter worth about $204,768,000. FMR LLC lifted its stake in Duolingo by 26.9% in the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after acquiring an additional 564,173 shares in the last quarter. International Assets Investment Management LLC boosted its position in Duolingo by 30,909.9% during the 3rd quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after acquiring an additional 353,918 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Duolingo by 153.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock worth $82,450,000 after acquiring an additional 238,990 shares in the last quarter. Finally, Spyglass Capital Management LLC acquired a new stake in shares of Duolingo in the third quarter valued at approximately $38,512,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Stock Down 0.5 %

DUOL stock opened at $346.52 on Tuesday. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $364.95. The business’s 50 day simple moving average is $302.18 and its 200 day simple moving average is $233.86. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $15.24 billion, a PE ratio of 189.36 and a beta of 0.79.

Duolingo (NASDAQ:DUOLGet Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.14. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company’s revenue was up 39.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share. As a group, research analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current year.

Insider Transactions at Duolingo

In related news, insider Robert Meese sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $270.00, for a total transaction of $1,350,000.00. Following the transaction, the insider now directly owns 147,053 shares of the company’s stock, valued at approximately $39,704,310. This trade represents a 3.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $207.51, for a total transaction of $311,265.00. Following the completion of the sale, the insider now directly owns 139,760 shares of the company’s stock, valued at $29,001,597.60. This represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,319 shares of company stock worth $5,134,526 over the last quarter. Company insiders own 18.30% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the subject of several recent research reports. JPMorgan Chase & Co. increased their target price on shares of Duolingo from $303.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. UBS Group raised their price objective on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a report on Thursday, November 14th. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Barclays raised their price target on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Finally, Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $331.33.

Get Our Latest Stock Report on DUOL

Duolingo Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Duolingo (NASDAQ:DUOL)

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