Westwood Holdings Group Inc. Buys New Shares in Duolingo, Inc. (NASDAQ:DUOL)

Westwood Holdings Group Inc. bought a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,665 shares of the company’s stock, valued at approximately $2,017,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. bought a new position in shares of Duolingo during the 2nd quarter valued at $32,000. Larson Financial Group LLC purchased a new stake in Duolingo during the 2nd quarter valued at $31,000. GAMMA Investing LLC boosted its position in Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC purchased a new stake in Duolingo during the 2nd quarter valued at $36,000. Finally, Fifth Third Bancorp purchased a new stake in Duolingo during the 2nd quarter valued at $40,000. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 19,464 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the completion of the sale, the general counsel now directly owns 35,558 shares in the company, valued at approximately $7,522,294.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Duolingo news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $198.61, for a total transaction of $1,986,100.00. Following the completion of the sale, the insider now directly owns 72 shares in the company, valued at approximately $14,299.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Stephen C. Chen sold 19,464 shares of Duolingo stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the completion of the sale, the general counsel now owns 35,558 shares of the company’s stock, valued at $7,522,294.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,374 shares of company stock worth $19,459,527. 18.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DUOL shares. Barclays dropped their price target on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. JMP Securities reissued a “market outperform” rating and set a $260.00 price target on shares of Duolingo in a research report on Wednesday, July 10th. JPMorgan Chase & Co. dropped their price target on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Evercore ISI raised shares of Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $271.00 target price on shares of Duolingo in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and a consensus price target of $237.40.

Duolingo Trading Up 1.6 %

Shares of NASDAQ DUOL opened at $268.34 on Monday. Duolingo, Inc. has a 1 year low of $140.16 and a 1 year high of $270.28. The stock has a market cap of $11.57 billion, a P/E ratio of 276.64 and a beta of 0.76. The firm has a 50-day moving average of $198.82 and a 200 day moving average of $204.01. 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) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The company had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $177.13 million. During the same period last year, the company posted $0.08 EPS. Duolingo’s revenue was up 40.6% on a year-over-year basis. As a group, sell-side analysts expect that Duolingo, Inc. will post 1.87 EPS for the current fiscal year.

About Duolingo

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.