Duolingo, Inc. (NASDAQ:DUOL) Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC increased its stake in Duolingo, Inc. (NASDAQ:DUOL) by 8.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,642 shares of the company’s stock after buying an additional 683 shares during the period. Merit Financial Group LLC’s holdings in Duolingo were worth $2,802,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DUOL. Dimensional Fund Advisors LP boosted its holdings in shares of Duolingo by 44.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 88,410 shares of the company’s stock valued at $18,448,000 after purchasing an additional 27,090 shares during the last quarter. Mutual of America Capital Management LLC acquired a new position in Duolingo in the second quarter valued at $4,419,000. Amalgamated Bank grew its position in Duolingo by 1,801.7% during the second quarter. Amalgamated Bank now owns 19,150 shares of the company’s stock valued at $3,996,000 after acquiring an additional 18,143 shares during the period. Mercer Global Advisors Inc. ADV grew its position in Duolingo by 3.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock valued at $409,000 after acquiring an additional 73 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Duolingo by 80.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,879 shares of the company’s stock worth $392,000 after acquiring an additional 836 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Price Performance

DUOL stock opened at $351.13 on Monday. The company has a market capitalization of $15.45 billion, a PE ratio of 191.88 and a beta of 0.87. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average is $337.06 and its two-hundred day moving average is $269.43. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $378.48.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.14. The firm had revenue of $192.59 million for the quarter, compared to analysts’ expectations of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm’s quarterly revenue was up 39.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. Analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In related news, insider Severin Hacker sold 188,901 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $24,446.88. This represents a 99.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the transaction, the insider now owns 136,760 shares in the company, valued at $42,855,113.60. This trade represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 271,124 shares of company stock valued at $91,694,238. Insiders own 18.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DUOL. Piper Sandler boosted their target price on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Seaport Res Ptn downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Needham & Company LLC raised their target price on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. The Goldman Sachs Group upped their price target on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, DA Davidson raised their price objective on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Duolingo has a consensus rating of “Moderate Buy” and an average target price of $353.90.

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.