Duolingo, Inc. (NASDAQ:DUOL) Holdings Lifted by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 14.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,181 shares of the company’s stock after buying an additional 413 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Duolingo were worth $897,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DUOL. Farther Finance Advisors LLC boosted its position in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the period. Blue Trust Inc. purchased a new stake in shares of Duolingo during the 2nd quarter worth about $32,000. Larson Financial Group LLC purchased a new stake in shares of Duolingo during the 2nd quarter worth about $31,000. GAMMA Investing LLC raised its stake in shares of Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 133 shares in the last quarter. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Duolingo during the 2nd quarter worth about $36,000. Institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

DUOL has been the topic of a number of recent analyst reports. Bank of America raised their price objective on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group raised their price objective on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Wolfe Research initiated coverage on Duolingo in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. DA Davidson raised their price objective on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Evercore ISI raised Duolingo to a “strong-buy” rating in a research report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $325.44.

Insider Activity at Duolingo

In related news, CFO Matthew Skaruppa sold 17,591 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $207.27, for a total value of $3,646,086.57. Following the sale, the chief financial officer now owns 88,856 shares of the company’s stock, valued at $18,417,183.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Friday, September 6th. The stock was sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the transaction, the insider now owns 139,760 shares in the company, valued at approximately $29,001,597.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Skaruppa sold 17,591 shares of Duolingo stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $207.27, for a total value of $3,646,086.57. Following the completion of the transaction, the chief financial officer now owns 88,856 shares of the company’s stock, valued at approximately $18,417,183.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,374 shares of company stock valued at $15,802,382 in the last 90 days. 18.30% of the stock is owned by corporate insiders.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $314.33 on Wednesday. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $330.61. The firm has a market capitalization of $13.69 billion, a PE ratio of 173.90 and a beta of 0.79. The business’s 50 day moving average is $272.96 and its 200-day moving average is $222.38. The company has a current ratio of 3.09, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.14. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. Duolingo’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 EPS. Sell-side analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current year.

About Duolingo

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.