Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Duolingo, Inc. $DUOL

Wealth Enhancement Advisory Services LLC lifted its position in Duolingo, Inc. (NASDAQ:DUOL) by 37.1% during the second quarter, Holdings Channel reports. The institutional investor owned 7,340 shares of the company’s stock after buying an additional 1,986 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Duolingo were worth $2,876,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DUOL. Contravisory Investment Management Inc. acquired a new stake in shares of Duolingo in the 1st quarter valued at about $25,000. Rise Advisors LLC grew its position in Duolingo by 43.6% in the first quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after acquiring an additional 24 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Duolingo in the first quarter worth about $28,000. Brooklyn Investment Group grew its position in shares of Duolingo by 4,750.0% during 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. bought a new stake in shares of Duolingo in the 1st quarter worth about $31,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

DUOL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. DA Davidson cut Duolingo from a “buy” rating to a “neutral” rating and lowered their price target for the company from $500.00 to $300.00 in a research note on Thursday, September 4th. Morgan Stanley raised their price target on Duolingo from $480.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. JMP Securities dropped their price target on Duolingo from $475.00 to $450.00 and set a “market outperform” rating for the company in a report on Monday, July 28th. Finally, Barclays upped their target price on Duolingo from $375.00 to $390.00 and gave the company an “equal weight” rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $419.32.

Insider Buying and Selling

In other Duolingo news, insider Natalie Glance sold 2,533 shares of Duolingo stock in a transaction on Friday, August 15th. The shares were sold at an average price of $329.03, for a total transaction of $833,432.99. Following the completion of the transaction, the insider directly owned 122,112 shares of the company’s stock, valued at $40,178,511.36. The trade was a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew Skaruppa sold 10,937 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total value of $3,471,294.43. Following the completion of the sale, the chief financial officer directly owned 43,345 shares in the company, valued at $13,757,269.55. This trade represents a 20.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 80,508 shares of company stock worth $26,605,621 in the last quarter. 15.67% of the stock is owned by company insiders.

Duolingo Stock Up 4.1%

Shares of NASDAQ:DUOL opened at $326.39 on Friday. Duolingo, Inc. has a fifty-two week low of $256.63 and a fifty-two week high of $544.93. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $321.67 and its 200-day simple moving average is $379.35. The company has a market cap of $14.96 billion, a price-to-earnings ratio of 134.32, a PEG ratio of 2.18 and a beta of 0.85.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.36. The firm had revenue of $252.27 million for the quarter, compared to the consensus estimate of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. Duolingo’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. As a group, equities research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current 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.