Xponance Inc. Buys 82 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Xponance Inc. lifted its stake in Duolingo, Inc. (NASDAQ:DUOL) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,774 shares of the company’s stock after buying an additional 82 shares during the period. Xponance Inc.’s holdings in Duolingo were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Rakuten Securities Inc. bought a new stake in shares of Duolingo in the fourth quarter valued at approximately $3,087,000. Mackenzie Financial Corp boosted its stake in shares of Duolingo by 40.7% in the fourth quarter. Mackenzie Financial Corp now owns 2,543 shares of the company’s stock valued at $577,000 after buying an additional 736 shares during the period. Cerity Partners LLC boosted its stake in shares of Duolingo by 2,767.0% in the fourth quarter. Cerity Partners LLC now owns 46,789 shares of the company’s stock valued at $10,614,000 after buying an additional 45,157 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Duolingo in the fourth quarter valued at approximately $4,374,000. Finally, Arkadios Wealth Advisors boosted its stake in shares of Duolingo by 40.8% in the fourth quarter. Arkadios Wealth Advisors now owns 2,652 shares of the company’s stock valued at $602,000 after buying an additional 769 shares during the period. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Up 3.6 %

Shares of DUOL opened at $222.66 on Friday. Duolingo, Inc. has a 52 week low of $116.82 and a 52 week high of $245.87. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 654.88 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. The stock has a fifty day moving average of $212.79 and a 200-day moving average of $203.19.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The business had revenue of $150.99 million during the quarter, compared to analyst estimates of $146.98 million. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. As a group, sell-side analysts anticipate that Duolingo, Inc. will post 1.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total transaction of $1,786,200.00. Following the completion of the transaction, the insider now directly owns 72 shares of the company’s stock, valued at approximately $12,860.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Matthew Skaruppa sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.67, for a total transaction of $1,429,360.00. Following the completion of the transaction, the chief financial officer now directly owns 69,688 shares of the company’s stock, valued at approximately $12,451,154.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total value of $1,786,200.00. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $12,860.64. The disclosure for this sale can be found here. Insiders sold a total of 113,223 shares of company stock valued at $23,682,665 in the last three months. Insiders own 19.85% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DUOL. The Goldman Sachs Group upped their target price on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research note on Thursday, February 29th. Barclays upped their target price on Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. UBS Group upped their target price on Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Bank of America upped their target price on Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. began coverage on Duolingo in a research note on Monday, March 11th. They set an “overweight” rating and a $270.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $245.13.

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.