Joel Isaacson & Co. LLC Boosts Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Joel Isaacson & Co. LLC grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 13.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,734 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Duolingo were worth $489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Dragoneer Investment Group LLC purchased a new stake in Duolingo during the second quarter worth about $204,768,000. International Assets Investment Management LLC increased its stake in shares of Duolingo by 30,909.9% during the 3rd 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. Whale Rock Capital Management LLC raised its holdings in shares of Duolingo by 23.9% in the 1st quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock worth $281,281,000 after purchasing an additional 245,599 shares during the period. Bank of New York Mellon Corp lifted its stake in Duolingo by 153.1% in the second quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after purchasing an additional 238,990 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Duolingo by 73.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 364,755 shares of the company’s stock valued at $80,459,000 after purchasing an additional 154,659 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on DUOL shares. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Evercore ISI raised shares of Duolingo to a “strong-buy” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. UBS Group upped their price target on shares of Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Barclays reduced their price objective on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Duolingo has an average rating of “Moderate Buy” and a consensus price target of $277.22.

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $166.49, for a total transaction of $1,664,900.00. Following the completion of the sale, the insider now directly owns 72 shares in the company, valued at $11,987.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Natalie Glance sold 1,500 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $161.78, for a total value of $242,670.00. Following the transaction, the insider now owns 144,282 shares of the company’s stock, valued at $23,341,941.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $166.49, for a total value of $1,664,900.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $11,987.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,374 shares of company stock worth $18,571,912. Insiders own 18.30% of the company’s stock.

Duolingo Stock Up 3.6 %

DUOL opened at $291.61 on Friday. The firm has a market capitalization of $12.70 billion, a P/E ratio of 208.29 and a beta of 0.79. Duolingo, Inc. has a one year low of $140.16 and a one year high of $297.56. The company has a fifty day moving average price of $251.96 and a 200-day moving average price of $214.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The business had revenue of $178.30 million during the quarter, compared to analysts’ expectations of $177.13 million. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s revenue was up 40.6% on a year-over-year basis. Equities research analysts expect that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal 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.