Columbia Asset Management Buys Shares of 535 Duolingo, Inc. $DUOL

Columbia Asset Management bought a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the second quarter, HoldingsChannel reports. The institutional investor bought 535 shares of the company’s stock, valued at approximately $219,000.

Other large investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in Duolingo during the 1st quarter valued at about $25,000. Rise Advisors LLC raised its position in shares of Duolingo by 43.6% in the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Duolingo in the 1st quarter valued at approximately $28,000. Brooklyn Investment Group raised its position in shares of Duolingo by 4,750.0% in the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 95 shares during the period. Finally, Garde Capital Inc. acquired a new stake in shares of Duolingo in the 1st quarter valued at approximately $31,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DUOL has been the topic of a number of analyst reports. Morgan Stanley increased their price target on shares of Duolingo from $480.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Citizens Jmp dropped their target price on shares of Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating on the stock in a report on Monday, July 28th. Wells Fargo & Company started coverage on shares of Duolingo in a report on Monday, September 8th. They set an “underweight” rating and a $239.00 target price on the stock. Raymond James Financial restated a “market perform” rating on shares of Duolingo in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of Duolingo from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Duolingo has an average rating of “Moderate Buy” and a consensus target price of $419.32.

Insider Buying and Selling at Duolingo

In other news, General Counsel Stephen C. Chen sold 1,515 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $321.36, for a total transaction of $486,860.40. Following the completion of the transaction, the general counsel directly owned 32,638 shares of the company’s stock, valued at $10,488,547.68. This trade represents a 4.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 10,937 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total transaction of $3,471,294.43. Following the transaction, the chief financial officer directly owned 43,345 shares of the company’s stock, valued at $13,757,269.55. This represents a 20.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,508 shares of company stock valued at $26,605,621 over the last quarter. Insiders own 15.67% of the company’s stock.

Duolingo Price Performance

Shares of DUOL opened at $303.72 on Thursday. The stock has a market capitalization of $13.92 billion, a P/E ratio of 124.99, a P/E/G ratio of 2.15 and a beta of 0.86. Duolingo, Inc. has a twelve month low of $256.63 and a twelve month high of $544.93. The company has a 50 day moving average of $319.32 and a 200-day moving average of $379.48. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10.

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. The company had revenue of $252.27 million during the quarter, compared to analysts’ expectations of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business’s quarterly revenue was up 41.5% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. As a group, equities research analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

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.