Duolingo, Inc. (NASDAQ:DUOL) Shares Bought by Creative Planning

Creative Planning lifted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 37.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,932 shares of the company’s stock after acquiring an additional 1,061 shares during the period. Creative Planning’s holdings in Duolingo were worth $820,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. purchased a new position in Duolingo during the second quarter worth approximately $32,000. Larson Financial Group LLC acquired a new stake in shares of Duolingo during the 2nd quarter worth $31,000. GAMMA Investing LLC raised its position in shares of Duolingo by 350.0% in the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after buying an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new position in Duolingo in the second quarter valued at $36,000. Finally, Fifth Third Bancorp acquired a new position in Duolingo in the second quarter valued at $40,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Stock Performance

NASDAQ:DUOL opened at $289.75 on Friday. The firm has a 50-day moving average of $231.28 and a two-hundred day moving average of $210.26. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28. The stock has a market cap of $12.62 billion, a P/E ratio of 206.97 and a beta of 0.79. Duolingo, Inc. has a 1-year low of $140.16 and a 1-year high of $297.56.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The firm had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.13 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. Duolingo’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, research analysts expect that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Robert Meese sold 5,000 shares of Duolingo stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total value of $1,425,200.00. Following the completion of the sale, the insider now owns 142,053 shares in the company, valued at approximately $40,490,787.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.49, for a total transaction of $1,664,900.00. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at approximately $11,987.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Meese sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total value of $1,425,200.00. Following the completion of the sale, the insider now directly owns 142,053 shares of the company’s stock, valued at approximately $40,490,787.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 88,374 shares of company stock worth $18,571,912. 18.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DUOL has been the subject of several research analyst reports. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a research note on Monday, August 5th. UBS Group raised their price target on shares of Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $255.00 to $303.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. DA Davidson reissued a “buy” rating and issued a $250.00 price objective on shares of Duolingo in a research report on Tuesday, September 10th. Finally, Bank of America raised their target price on shares of Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Duolingo presently has an average rating of “Moderate Buy” and a consensus price target of $263.50.

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.