1,835 Shares in Duolingo, Inc. (NASDAQ:DUOL) Bought by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC acquired a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,835 shares of the company’s stock, valued at approximately $595,000.

Other institutional investors have also modified their holdings of the company. Quest Partners LLC purchased a new position in Duolingo in the 3rd quarter valued at about $105,000. Pathstone Holdings LLC boosted its stake in shares of Duolingo by 15.3% in the third quarter. Pathstone Holdings LLC now owns 5,242 shares of the company’s stock worth $1,478,000 after acquiring an additional 694 shares during the last quarter. Citigroup Inc. increased its position in shares of Duolingo by 2.1% during the third quarter. Citigroup Inc. now owns 36,649 shares of the company’s stock worth $10,336,000 after purchasing an additional 752 shares in the last quarter. FMR LLC raised 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 purchasing an additional 564,173 shares during the last quarter. Finally, Townsquare Capital LLC acquired a new position in Duolingo in the 3rd quarter valued at $277,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Price Performance

Duolingo stock opened at $332.94 on Friday. The stock has a market capitalization of $15.06 billion, a P/E ratio of 181.94 and a beta of 0.92. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The firm’s 50-day moving average is $348.46 and its two-hundred day moving average is $322.38.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Equities analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DUOL shares. Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a report on Tuesday, March 18th. Needham & Company LLC increased their price objective on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a report on Friday, February 28th. Barclays boosted their target price on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. JPMorgan Chase & Co. increased their price target on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, The Goldman Sachs Group boosted their price objective on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $377.08.

Insider Activity

In related news, CEO Ahn Luis Von sold 8,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total transaction of $2,568,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Stephen C. Chen sold 2,064 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the sale, the general counsel now owns 34,634 shares of the company’s stock, valued at approximately $15,069,946.08. This represents a 5.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,850 shares of company stock valued at $34,389,695 in the last ninety days. Company insiders own 18.30% of the company’s stock.

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.