Duolingo, Inc. $DUOL Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 65.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,150 shares of the company’s stock after buying an additional 4,810 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Duolingo were worth $3,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in DUOL. Kiker Wealth Management LLC acquired a new position in Duolingo in the 2nd quarter valued at about $31,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Duolingo during the second quarter worth about $40,000. Farther Finance Advisors LLC raised its position in shares of Duolingo by 82.2% in the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after buying an additional 60 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Duolingo by 46.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 146 shares of the company’s stock valued at $60,000 after buying an additional 46 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Duolingo during the second quarter valued at approximately $62,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DUOL. Evercore ISI set a $330.00 price target on Duolingo and gave the company an “outperform” rating in a report on Thursday, November 6th. Needham & Company LLC lowered their price objective on Duolingo from $460.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. KeyCorp downgraded Duolingo from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 6th. UBS Group set a $245.00 price target on Duolingo in a research note on Monday, January 5th. Finally, Jefferies Financial Group upped their price objective on shares of Duolingo from $210.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. Twelve research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Duolingo currently has an average rating of “Hold” and an average price target of $301.75.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $263.13, for a total transaction of $2,631,300.00. Following the transaction, the insider directly owned 72 shares of the company’s stock, valued at approximately $18,945.36. The trade was a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Natalie Glance sold 2,534 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $177.95, for a total transaction of $450,925.30. Following the completion of the sale, the insider directly owned 113,637 shares of the company’s stock, valued at $20,221,704.15. This trade represents a 2.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 43,169 shares of company stock worth $8,457,951. Company insiders own 18.30% of the company’s stock.

Duolingo Trading Up 0.1%

NASDAQ DUOL opened at $146.26 on Wednesday. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 0.80 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. Duolingo, Inc. has a one year low of $142.10 and a one year high of $544.93. The company’s 50 day moving average price is $176.70 and its 200 day moving average price is $261.39.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 5th. The company reported $5.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $5.23. The company had revenue of $271.71 million during the quarter, compared to analyst estimates of $260.14 million. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, sell-side analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.