AlphaQuest LLC Has $480,000 Stock Holdings in Duolingo, Inc. $DUOL

AlphaQuest LLC lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 83.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,170 shares of the company’s stock after purchasing an additional 532 shares during the period. AlphaQuest LLC’s holdings in Duolingo were worth $480,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DUOL. Rise Advisors LLC increased its stake in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after purchasing an additional 24 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Duolingo during the 1st quarter worth about $28,000. Brooklyn Investment Group boosted its holdings in shares of Duolingo by 4,750.0% during the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after buying an additional 95 shares during the period. Kiker Wealth Management LLC bought a new stake in shares of Duolingo during the 2nd quarter worth about $31,000. Finally, Whittier Trust Co. bought a new stake in shares of Duolingo during the 1st quarter worth about $33,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Duolingo

In other news, insider Robert Meese sold 1,444 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $475,119.32. Following the completion of the sale, the insider owned 120,080 shares of the company’s stock, valued at approximately $39,509,922.40. This represents a 1.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 3,283 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the sale, the insider directly owned 116,171 shares of the company’s stock, valued at approximately $36,280,203.30. This trade represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 83,791 shares of company stock worth $26,462,201. Company insiders own 18.30% of the company’s stock.

Duolingo Stock Performance

NASDAQ DUOL opened at $293.88 on Wednesday. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $13.47 billion, a P/E ratio of 120.94, a P/E/G ratio of 2.03 and a beta of 0.86. Duolingo, Inc. has a 12-month low of $256.63 and a 12-month high of $544.93. The firm has a 50-day moving average price of $309.84 and a two-hundred day moving average price of $381.30.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data 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 firm had revenue of $252.27 million during the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 EPS. Analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

DUOL has been the subject of several research analyst reports. Barclays lifted their target price on shares of Duolingo from $375.00 to $390.00 and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Zacks Research downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Baird R W raised shares of Duolingo to a “hold” rating in a report on Friday, September 5th. Raymond James Financial reaffirmed a “market perform” rating on shares of Duolingo in a report on Tuesday, August 26th. Finally, KeyCorp raised shares of Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 target price for the company in a report on Monday, August 18th. Twelve investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Duolingo currently has an average rating of “Hold” and an average 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.