Axxcess Wealth Management LLC Purchases Shares of 2,768 Duolingo, Inc. (NASDAQ:DUOL)

Axxcess Wealth Management LLC purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,768 shares of the company’s stock, valued at approximately $578,000.

Several other institutional investors have also recently added to or reduced their stakes in DUOL. 9258 Wealth Management LLC raised its position in shares of Duolingo by 4.4% during the fourth quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock worth $347,000 after purchasing an additional 65 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Duolingo during the fourth quarter worth approximately $211,000. Norges Bank acquired a new position in shares of Duolingo during the fourth quarter worth approximately $84,042,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Duolingo during the fourth quarter worth approximately $73,000. Finally, UBS Group AG raised its position in shares of Duolingo by 76.4% during the fourth quarter. UBS Group AG now owns 35,563 shares of the company’s stock worth $8,067,000 after purchasing an additional 15,404 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DUOL shares. Bank of America upgraded Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price target for the company in a report on Friday, July 26th. DA Davidson reiterated a “buy” rating and set a $250.00 price target on shares of Duolingo in a report on Tuesday, September 10th. Barclays decreased their price target on Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. JPMorgan Chase & Co. decreased their price target on Duolingo from $275.00 to $255.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, Evercore ISI upgraded Duolingo to a “strong-buy” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Duolingo presently has a consensus rating of “Moderate Buy” and a consensus target price of $237.40.

Duolingo Stock Up 1.6 %

Shares of NASDAQ:DUOL opened at $268.34 on Friday. The company has a market capitalization of $11.57 billion, a PE ratio of 276.64 and a beta of 0.76. 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 business has a fifty day moving average price of $197.26 and a two-hundred day moving average price of $203.76. Duolingo, Inc. has a 1 year low of $140.16 and a 1 year high of $270.28.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data 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. The firm had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 EPS. Analysts forecast that Duolingo, Inc. will post 1.87 earnings per share for the current year.

Insider Transactions at Duolingo

In other news, insider Robert Meese sold 4,819 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total transaction of $1,156,656.38. Following the completion of the transaction, the insider now owns 157,053 shares in the company, valued at approximately $37,695,861.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Ahn Luis Von sold 1,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $215.00, for a total transaction of $215,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Meese sold 4,819 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total value of $1,156,656.38. Following the transaction, the insider now owns 157,053 shares of the company’s stock, valued at approximately $37,695,861.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,374 shares of company stock worth $19,459,527. 18.30% of the stock is owned by company insiders.

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.