Jones Financial Companies Lllp Purchases New Shares in Duolingo, Inc. (NASDAQ:DUOL)

Jones Financial Companies Lllp purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 184 shares of the company’s stock, valued at approximately $60,000.

Other large investors also recently made changes to their positions in the company. True Wealth Design LLC purchased a new stake in Duolingo during the third quarter worth about $26,000. First Horizon Advisors Inc. purchased a new stake in Duolingo during the third quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo during the fourth quarter worth about $31,000. Global Retirement Partners LLC increased its holdings in Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after buying an additional 113 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Duolingo in the fourth quarter worth about $55,000. 91.59% of the stock is owned by institutional investors.

Duolingo Stock Up 3.8 %

Shares of NASDAQ DUOL opened at $294.18 on Tuesday. 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, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The firm’s fifty day moving average is $349.18 and its 200 day moving average is $317.89. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 160.75 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. On average, equities research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Needham & Company LLC lifted their target price on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Scotiabank assumed coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. The Goldman Sachs Group lifted their target price on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Finally, Jefferies Financial Group assumed coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.00.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 9,020 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total transaction of $2,621,121.80. Following the transaction, the insider now directly owns 130,733 shares of the company’s stock, valued at approximately $37,989,702.47. The trade was a 6.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $336.82, for a total transaction of $3,368,200.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at approximately $24,251.04. The trade was a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,499 shares of company stock valued at $29,162,568 over the last three months. 18.30% of the stock is owned by company insiders.

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.