LPL Financial LLC Has $1.82 Million Position in Duolingo, Inc. $DUOL

LPL Financial LLC boosted its position in Duolingo, Inc. (NASDAQ:DUOL) by 39.8% in the first quarter, Holdings Channel.com reports. The firm owned 5,868 shares of the company’s stock after purchasing an additional 1,670 shares during the quarter. LPL Financial LLC’s holdings in Duolingo were worth $1,822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new position in Duolingo in the 1st quarter worth about $25,000. Quarry LP lifted its holdings in Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company’s stock worth $30,000 after buying an additional 65 shares during the period. Garde Capital Inc. acquired a new position in Duolingo during the 1st quarter worth about $31,000. Whittier Trust Co. acquired a new position in Duolingo during the 1st quarter worth about $33,000. Finally, Versant Capital Management Inc lifted its holdings in Duolingo by 323.1% during the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company’s stock worth $34,000 after buying an additional 84 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Down 0.5%

DUOL stock opened at $338.88 on Thursday. The stock’s 50 day simple moving average is $383.78 and its 200 day simple moving average is $391.48. Duolingo, Inc. has a fifty-two week low of $202.38 and a fifty-two week high of $544.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The company has a market cap of $15.53 billion, a P/E ratio of 139.46, a price-to-earnings-growth ratio of 2.27 and a beta of 0.87.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.36. The business had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The company’s quarterly revenue was up 41.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. On average, research analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

DUOL has been the topic of several recent research reports. DA Davidson cut their target price on Duolingo from $600.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, June 25th. Barclays lifted their target price on Duolingo from $375.00 to $390.00 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. The Goldman Sachs Group lifted their target price on Duolingo from $340.00 to $403.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Evercore ISI lifted their target price on Duolingo from $400.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. Finally, Argus initiated coverage on Duolingo in a report on Wednesday, June 25th. They set a “buy” rating and a $575.00 target price on the stock. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $451.35.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Robert Meese sold 1,444 shares of Duolingo stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $475,119.32. Following the completion of the transaction, the insider owned 120,080 shares in the company, valued at approximately $39,509,922.40. The trade was a 1.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Skaruppa sold 2,797 shares of Duolingo stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $920,296.91. Following the transaction, the chief financial officer owned 52,904 shares of the company’s stock, valued at $17,407,003.12. This trade represents a 5.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,056 shares of company stock worth $23,589,966. 15.67% of the stock is currently owned by corporate 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.