Kestra Private Wealth Services LLC Takes Position in Duolingo, Inc. (NYSE:DUOL)

Kestra Private Wealth Services LLC purchased a new stake in Duolingo, Inc. (NYSE:DUOLFree Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,586 shares of the company’s stock, valued at approximately $263,000.

A number of other institutional investors have also made changes to their positions in DUOL. Durable Capital Partners LP raised its holdings in Duolingo by 59.8% during the 1st quarter. Durable Capital Partners LP now owns 3,248,046 shares of the company’s stock worth $308,922,000 after purchasing an additional 1,215,144 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Duolingo by 605.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,126,165 shares of the company’s stock worth $98,596,000 after buying an additional 966,604 shares during the period. Vanguard Group Inc. grew its position in shares of Duolingo by 24.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,357,551 shares of the company’s stock valued at $224,510,000 after purchasing an additional 468,057 shares during the period. Norges Bank acquired a new position in shares of Duolingo in the 4th quarter valued at approximately $32,403,000. Finally, BlackRock Inc. grew its position in shares of Duolingo by 95.6% in the 1st quarter. BlackRock Inc. now owns 822,978 shares of the company’s stock valued at $78,275,000 after purchasing an additional 402,222 shares during the period. 76.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DUOL has been the subject of several research analyst reports. The Goldman Sachs Group lowered Duolingo from a “neutral” rating to a “sell” rating and set a $160.00 price objective for the company. in a research report on Friday, January 19th. Piper Sandler reaffirmed an “overweight” rating and set a $217.00 price target on shares of Duolingo in a research report on Monday, November 20th. Bank of America reiterated a “neutral” rating and set a $188.00 price objective on shares of Duolingo in a research note on Thursday, October 19th. Finally, Needham & Company LLC upped their price objective on Duolingo from $160.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $176.78.

Get Our Latest Report on Duolingo

Duolingo Stock Performance

Shares of NYSE DUOL opened at $191.74 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.49 and a quick ratio of 3.49. The stock’s fifty day moving average price is $210.36 and its two-hundred day moving average price is $179.46. Duolingo, Inc. has a one year low of $86.36 and a one year high of $245.87. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of -710.15 and a beta of 0.72.

Duolingo (NYSE:DUOLGet Free Report) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. Duolingo had a negative return on equity of 1.72% and a negative net margin of 2.06%. The firm had revenue of $137.60 million for the quarter, compared to analyst estimates of $132.14 million. During the same period in the prior year, the firm posted ($0.46) EPS. The company’s revenue for the quarter was up 43.2% on a year-over-year basis. On average, equities analysts forecast that Duolingo, Inc. will post 0.26 EPS for the current year.

Insider Transactions at Duolingo

In other news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $180.07, for a total transaction of $270,105.00. Following the sale, the insider now directly owns 129,188 shares of the company’s stock, valued at approximately $23,262,883.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $180.07, for a total value of $270,105.00. Following the sale, the insider now directly owns 129,188 shares of the company’s stock, valued at $23,262,883.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Skaruppa sold 2,469 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $209.78, for a total value of $517,946.82. Following the completion of the sale, the chief financial officer now directly owns 53,672 shares in the company, valued at $11,259,312.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 159,700 shares of company stock valued at $33,231,415. 19.85% of the stock is owned by corporate insiders.

About Duolingo

(Free Report)

Duolingo, Inc operates as a mobile learning platform in the United States, China, 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 language proficiency assessment exam.

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Institutional Ownership by Quarter for Duolingo (NYSE:DUOL)

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