IFP Advisors Inc Increases Holdings in Duolingo, Inc. (NASDAQ:DUOL)

IFP Advisors Inc grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 125.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259 shares of the company’s stock after purchasing an additional 144 shares during the quarter. IFP Advisors Inc’s holdings in Duolingo were worth $84,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. True Wealth Design LLC purchased a new stake in shares of Duolingo during the 3rd quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo during the 4th quarter worth $31,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo during the 3rd quarter worth $29,000. Global Retirement Partners LLC grew its stake in shares of Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after acquiring an additional 113 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Performance

NASDAQ:DUOL opened at $292.74 on Thursday. The business’s 50-day moving average price is $356.98 and its two-hundred day moving average price is $312.92. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $441.77. The stock has a market cap of $12.88 billion, a P/E ratio of 159.97 and a beta of 0.89. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. DA Davidson increased their price target on Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Piper Sandler increased their price target on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. The Goldman Sachs Group increased their price target on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday. JPMorgan Chase & Co. raised their target price on Duolingo from $400.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Finally, Needham & Company LLC raised their target price on Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $375.00.

Insider Activity at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Severin Hacker sold 188,901 shares of Duolingo stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total value of $64,139,445.54. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,639 shares of company stock valued at $105,445,057. Corporate 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.