182 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by FSC Wealth Advisors LLC

FSC Wealth Advisors LLC acquired a new position in Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, Holdings Channel.com reports. The firm acquired 182 shares of the company’s stock, valued at approximately $59,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in shares of Duolingo by 362.3% during the 4th quarter. Pacer Advisors Inc. now owns 43,833 shares of the company’s stock valued at $14,212,000 after buying an additional 34,351 shares during the last quarter. KBC Group NV boosted its stake in Duolingo by 504.7% during the 4th quarter. KBC Group NV now owns 5,358 shares of the company’s stock valued at $1,737,000 after acquiring an additional 4,472 shares during the last quarter. Blue Trust Inc. grew its holdings in Duolingo by 65.7% during the 4th quarter. Blue Trust Inc. now owns 779 shares of the company’s stock worth $253,000 after acquiring an additional 309 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Duolingo by 19.3% in the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after purchasing an additional 42 shares during the last quarter. Finally, Dakota Wealth Management increased its position in shares of Duolingo by 56.0% in the 4th quarter. Dakota Wealth Management now owns 1,768 shares of the company’s stock worth $573,000 after purchasing an additional 635 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the sale, the insider now directly owns 132,239 shares in the company, valued at approximately $48,839,829.87. The trade was a 1.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Severin Hacker sold 188,901 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the completion of the transaction, the insider now owns 72 shares of the company’s stock, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 281,124 shares of company stock worth $95,033,738 over the last ninety days. 18.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DUOL shares. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. upped their price target on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. The Goldman Sachs Group lifted their price objective on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Seaport Res Ptn cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $355.55.

Duolingo Price Performance

NASDAQ DUOL opened at $326.82 on Tuesday. The company has a 50-day moving average price of $339.52 and a two-hundred day moving average price of $275.52. The stock has a market cap of $14.38 billion, a price-to-earnings ratio of 178.59 and a beta of 0.87. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $378.48.

Duolingo (NASDAQ:DUOL) last announced its earnings results 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. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same quarter in the previous year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 39.9% on a year-over-year basis. Analysts forecast that Duolingo, Inc. will post 2.03 EPS 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.