Earned Wealth Advisors LLC Takes Position in Duolingo, Inc. $DUOL

Earned Wealth Advisors LLC purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 580 shares of the company’s stock, valued at approximately $238,000.

Other large investors also recently bought and sold shares of the company. Jefferies Financial Group Inc. acquired a new position in Duolingo in the first quarter valued at about $3,772,000. Hsbc Holdings PLC lifted its position in Duolingo by 39.0% in the first quarter. Hsbc Holdings PLC now owns 3,186 shares of the company’s stock valued at $995,000 after buying an additional 894 shares during the last quarter. Encompass More Asset Management acquired a new position in Duolingo in the first quarter valued at about $762,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Duolingo by 965.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,882 shares of the company’s stock valued at $2,822,000 after buying an additional 6,236 shares during the last quarter. Finally, Jump Financial LLC lifted its position in Duolingo by 563.7% in the first quarter. Jump Financial LLC now owns 104,693 shares of the company’s stock valued at $32,511,000 after buying an additional 88,918 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DUOL shares. Wall Street Zen lowered shares of Duolingo from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Zacks Research lowered shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Baird R W upgraded shares of Duolingo to a “hold” rating in a research note on Friday, September 5th. Robert W. Baird started coverage on shares of Duolingo in a research note on Friday, September 5th. They set a “neutral” rating and a $280.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Duolingo in a research note on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Duolingo has an average rating of “Hold” and a consensus price target of $414.05.

Duolingo Price Performance

DUOL stock opened at $270.64 on Friday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10. The business has a 50 day simple moving average of $305.64 and a 200-day simple moving average of $379.69. Duolingo, Inc. has a twelve month low of $256.63 and a twelve month high of $544.93. The company has a market capitalization of $12.40 billion, a P/E ratio of 111.37, a PEG ratio of 1.73 and a beta of 0.86.

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

Insiders Place Their Bets

In other Duolingo news, insider Natalie Glance sold 3,283 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the completion of the transaction, the insider owned 116,171 shares in the company, valued at approximately $36,280,203.30. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $344.56, for a total value of $3,445,600.00. Following the completion of the transaction, the insider owned 72 shares of the company’s stock, valued at $24,808.32. The trade was a 99.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 83,791 shares of company stock worth $26,462,201. 15.67% of the stock is owned by corporate insiders.

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.