561 Shares in Duolingo, Inc. $DUOL Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 561 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DUOL. Rise Advisors LLC raised its holdings in Duolingo by 43.6% during the first quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Duolingo in the first quarter valued at $28,000. Brooklyn Investment Group increased its holdings in shares of Duolingo by 4,750.0% in the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock valued at $30,000 after buying an additional 95 shares in the last quarter. Whittier Trust Co. bought a new position in shares of Duolingo in the first quarter valued at $33,000. Finally, SouthState Corp increased its holdings in shares of Duolingo by 1,018.2% in the first quarter. SouthState Corp now owns 123 shares of the company’s stock valued at $38,000 after buying an additional 112 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling

In other Duolingo news, CFO Matthew Skaruppa sold 10,937 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total value of $3,471,294.43. Following the sale, the chief financial officer owned 43,345 shares of the company’s stock, valued at $13,757,269.55. This trade represents a 20.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Stephen C. Chen sold 1,515 shares of Duolingo stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $321.36, for a total value of $486,860.40. Following the completion of the transaction, the general counsel directly owned 32,638 shares in the company, valued at approximately $10,488,547.68. This represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,791 shares of company stock valued at $26,462,201 in the last quarter. Insiders own 15.67% of the company’s stock.

Duolingo Trading Up 1.9%

Shares of NASDAQ:DUOL opened at $313.45 on Friday. The stock has a market capitalization of $14.36 billion, a PE ratio of 128.99, a P/E/G ratio of 2.03 and a beta of 0.86. Duolingo, Inc. has a 1 year low of $256.63 and a 1 year high of $544.93. The firm has a fifty day moving average price of $312.32 and a 200 day moving average price of $380.63. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.36. The firm had revenue of $252.27 million during the quarter, compared to analysts’ expectations of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. Duolingo’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. Analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on DUOL. Wells Fargo & Company began coverage on shares of Duolingo in a research report on Monday, September 8th. They set an “underweight” rating and a $239.00 price objective on the stock. Citizens Jmp lowered their price target on shares of Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating on the stock in a report on Monday, July 28th. Needham & Company LLC restated a “buy” rating and set a $460.00 price target on shares of Duolingo in a report on Wednesday, September 17th. Morgan Stanley boosted their price target on shares of Duolingo from $480.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Finally, JMP Securities lowered their price target on shares of Duolingo from $475.00 to $450.00 and set a “market outperform” rating on the stock in a report on Monday, July 28th. Twelve investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $414.05.

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.