Mark Sheptoff Financial Planning LLC Takes $36,000 Position in Duolingo, Inc. (NASDAQ:DUOL)

Mark Sheptoff Financial Planning LLC acquired a new position in Duolingo, Inc. (NASDAQ:DUOL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 174 shares of the company’s stock, valued at approximately $36,000.

A number of other large investors also recently bought and sold shares of DUOL. Vanguard Group Inc. increased its holdings in shares of Duolingo by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after acquiring an additional 67,004 shares during the period. Whale Rock Capital Management LLC grew its stake in Duolingo by 23.9% in the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after purchasing an additional 245,599 shares during the last quarter. American Century Companies Inc. raised its holdings in Duolingo by 25.1% in the second quarter. American Century Companies Inc. now owns 498,957 shares of the company’s stock worth $104,117,000 after purchasing an additional 100,167 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Duolingo by 153.1% during the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after buying an additional 238,990 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Duolingo during the fourth quarter valued at about $84,042,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Trading Up 3.2 %

Shares of NASDAQ:DUOL opened at $250.23 on Thursday. The business has a 50-day moving average price of $195.83 and a 200-day moving average price of $203.34. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 257.97 and a beta of 0.76. Duolingo, Inc. has a 52-week low of $140.16 and a 52-week high of $258.00. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. Duolingo’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS. Equities analysts predict that Duolingo, Inc. will post 1.87 EPS for the current year.

Insider Activity at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 1,000 shares of the stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $215.00, for a total transaction of $215,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the transaction, the insider now directly owns 139,760 shares in the company, valued at approximately $29,001,597.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ahn Luis Von sold 1,000 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $215.00, for a total transaction of $215,000.00. The disclosure for this sale can be found here. Insiders sold 92,555 shares of company stock worth $18,302,871 over the last three months. Company insiders own 18.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DUOL. JPMorgan Chase & Co. reduced their price objective on shares of Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC reduced their price target on Duolingo from $267.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Evercore ISI upgraded Duolingo to a “strong-buy” rating in a report on Monday, August 5th. Barclays dropped their target price on Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Finally, DA Davidson reiterated a “buy” rating and issued a $250.00 price target on shares of Duolingo in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $237.40.

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.