Kestra Private Wealth Services LLC Purchases 59 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Kestra Private Wealth Services LLC grew its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,294 shares of the company’s stock after purchasing an additional 59 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Duolingo were worth $744,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vontobel Holding Ltd. bought a new position in Duolingo during the third quarter valued at approximately $474,000. nVerses Capital LLC boosted its stake in shares of Duolingo by 33.3% in the 3rd quarter. nVerses Capital LLC now owns 400 shares of the company’s stock valued at $113,000 after purchasing an additional 100 shares in the last quarter. Bleakley Financial Group LLC bought a new position in shares of Duolingo during the 3rd quarter valued at $265,000. Blue Trust Inc. raised its position in Duolingo by 228.7% in the 3rd quarter. Blue Trust Inc. now owns 470 shares of the company’s stock worth $133,000 after purchasing an additional 327 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Duolingo by 30,909.9% in the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock worth $100,135,000 after purchasing an additional 353,918 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Performance

Shares of DUOL opened at $432.69 on Friday. The company has a 50-day simple moving average of $349.58 and a two-hundred day simple moving average of $294.42. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The firm has a market capitalization of $19.03 billion, a PE ratio of 236.44 and a beta of 0.89. Duolingo, Inc. has a one year low of $145.05 and a one year high of $436.98.

Insider Activity

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the completion of the transaction, the insider now owns 72 shares of the company’s stock, valued at approximately $28,185.12. This trade represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ahn Luis Von sold 8,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $321.00, for a total transaction of $2,568,000.00. The disclosure for this sale can be found here. Insiders sold a total of 289,624 shares of company stock worth $98,478,298 in the last quarter. 18.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a research report on Friday. Barclays raised their target price on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. DA Davidson lifted their target price on shares of Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group increased their price target on shares of Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

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.