Diversified Trust Co Acquires New Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Diversified Trust Co acquired a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,418 shares of the company's stock, valued at approximately $784,000.

A number of other large investors also recently modified their holdings of DUOL. True Wealth Design LLC bought a new stake in shares of Duolingo during the third quarter valued at approximately $26,000. First Horizon Advisors Inc. bought a new stake in Duolingo in the 3rd quarter valued at $29,000. Mark Sheptoff Financial Planning LLC purchased a new stake in Duolingo in the 2nd quarter worth $36,000. Farther Finance Advisors LLC boosted 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 purchasing an additional 79 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Duolingo during the 3rd quarter valued at about $68,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DUOL shares. The Goldman Sachs Group boosted their target price on Duolingo from $250.00 to $275.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Scotiabank started coverage on Duolingo in a research report on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 target price for the company. Needham & Company LLC raised their target price on shares of Duolingo from $370.00 to $385.00 and gave the company a "buy" rating in a report on Thursday, December 19th. JMP Securities downgraded shares of Duolingo from an "outperform" rating to a "market perform" rating in a research note on Monday, October 14th. Finally, DA Davidson lifted their price objective on shares of Duolingo from $250.00 to $350.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $353.90.

Duolingo Trading Down 1.4 %

NASDAQ DUOL traded down $4.47 during trading on Friday, hitting $318.67. The stock had a trading volume of 533,498 shares, compared to its average volume of 503,706. Duolingo, Inc. has a one year low of $145.05 and a one year high of $378.48. The stock has a 50 day simple moving average of $334.83 and a 200 day simple moving average of $263.29. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 174.14 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.14. The firm had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo's quarterly revenue was up 39.9% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. Sell-side analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the transaction, the insider now owns 72 shares in the company, valued at approximately $24,208.56. This trade represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Matthew Skaruppa sold 5,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the completion of the sale, the chief financial officer now directly owns 67,730 shares of the company's stock, valued at approximately $21,977,030.40. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 258,660 shares of company stock worth $87,726,551. Insiders own 18.30% of the company's stock.

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.