Wealth Enhancement Advisory Services LLC Acquires Shares of 2,013 Duolingo, Inc. (NASDAQ:DUOL)

Wealth Enhancement Advisory Services LLC acquired a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,013 shares of the company's stock, valued at approximately $568,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new position in Duolingo in the 2nd quarter valued at about $31,000. Blue Trust Inc. purchased a new position in shares of Duolingo during the second quarter valued at approximately $32,000. GAMMA Investing LLC boosted its position in Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company's stock worth $36,000 after acquiring an additional 133 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Duolingo in the 2nd quarter worth approximately $36,000. Finally, Fifth Third Bancorp purchased a new stake in Duolingo in the 2nd quarter worth approximately $40,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Duolingo news, CFO Matthew Skaruppa sold 17,591 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the sale, the chief financial officer now owns 88,856 shares of the company's stock, valued at $18,417,183.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total transaction of $470,040.00. Following the sale, the insider now directly owns 136,760 shares of the company's stock, valued at approximately $42,855,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Skaruppa sold 17,591 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the transaction, the chief financial officer now directly owns 88,856 shares of the company's stock, valued at $18,417,183.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,374 shares of company stock worth $15,802,382 over the last quarter. 18.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. JMP Securities cut Duolingo from an "outperform" rating to a "market perform" rating in a report on Monday, October 14th. Bank of America increased their target price on Duolingo from $292.00 to $298.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Piper Sandler upped their price objective on shares of Duolingo from $271.00 to $351.00 and gave the company an "overweight" rating in a research note on Thursday. UBS Group increased their price objective on shares of Duolingo from $225.00 to $355.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Finally, Barclays boosted their target price on shares of Duolingo from $183.00 to $295.00 and gave the company an "equal weight" rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $325.44.

Duolingo Trading Up 3.5 %

DUOL stock traded up $11.07 during midday trading on Friday, reaching $326.89. 682,650 shares of the company's stock traded hands, compared to its average volume of 702,308. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $330.61. The business has a 50-day moving average price of $268.56 and a two-hundred day moving average price of $220.76. The company has a market capitalization of $14.23 billion, a P/E ratio of 225.59 and a beta of 0.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.13. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The business had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. During the same quarter in the previous year, the business posted $0.06 EPS. The business's quarterly revenue was up 39.9% on a year-over-year basis. Equities research analysts forecast that Duolingo, Inc. will post 1.87 EPS for the current fiscal year.

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.