Duolingo, Inc. (NASDAQ:DUOL) Holdings Boosted by Smithfield Trust Co

Smithfield Trust Co boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 41.8% during the 4th quarter, HoldingsChannel reports. The firm owned 156 shares of the company’s stock after buying an additional 46 shares during the quarter. Smithfield Trust Co’s holdings in Duolingo were worth $51,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC purchased a new position in shares of Duolingo during the 3rd quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo during the 4th quarter valued at $31,000. First Horizon Advisors Inc. purchased a new position in shares of Duolingo during the 3rd quarter valued at $29,000. Global Retirement Partners LLC grew its holdings in shares of Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after acquiring an additional 113 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares in the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Stock Performance

NASDAQ:DUOL opened at $292.74 on Thursday. The firm’s 50-day moving average is $356.98 and its 200-day moving average is $312.92. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 159.97 and a beta of 0.89.

Duolingo (NASDAQ:DUOL) last posted its 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). The business had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Equities research analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Needham & Company LLC boosted their price target on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. DA Davidson lifted their price objective on shares of Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. The Goldman Sachs Group lifted their price objective on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday. Scotiabank initiated coverage on shares of Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 target price for the company. Finally, Piper Sandler boosted their target price on shares of Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Seven investment 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $375.00.

Insider Activity at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 3,284 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total transaction of $1,429,459.52. Following the sale, the chief financial officer now directly owns 59,982 shares of the company’s stock, valued at approximately $26,108,964.96. This represents a 5.19 % decrease in their ownership of the stock. The sale 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 company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the sale, the insider now directly owns 72 shares in the company, valued at $24,446.88. This 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 305,639 shares of company stock valued at $105,445,057 over the last quarter. 18.30% of the stock is owned by company 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.