Cullen Frost Bankers Inc. Takes $62,000 Position in Duolingo, Inc. $DUOL

Cullen Frost Bankers Inc. purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the second quarter, HoldingsChannel reports. The firm purchased 150 shares of the company’s stock, valued at approximately $62,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUOL. GAMMA Investing LLC raised its position in shares of Duolingo by 35.4% in the first quarter. GAMMA Investing LLC now owns 772 shares of the company’s stock valued at $240,000 after buying an additional 202 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Duolingo by 52.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,354 shares of the company’s stock valued at $1,663,000 after buying an additional 1,836 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in Duolingo during the first quarter valued at approximately $282,000. Robeco Institutional Asset Management B.V. raised its position in Duolingo by 15.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 6,440 shares of the company’s stock valued at $2,000,000 after purchasing an additional 878 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Duolingo by 594.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the company’s stock valued at $203,000 after purchasing an additional 553 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on DUOL. Citigroup lowered their price objective on shares of Duolingo from $400.00 to $375.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Morgan Stanley boosted their price objective 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. Raymond James Financial restated a “market perform” rating on shares of Duolingo in a research report on Tuesday, August 26th. Barclays boosted their price objective on shares of Duolingo from $375.00 to $390.00 and gave the company an “equal weight” rating in a research report on Thursday, August 7th. Finally, KeyCorp upgraded shares of Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 price objective for the company in a research report on Monday, August 18th. Twelve investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $414.05.

Insider Transactions at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $344.56, for a total value of $3,445,600.00. Following the completion of the sale, the insider directly owned 72 shares in the company, valued at $24,808.32. This represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Natalie Glance sold 3,283 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $312.30, for a total value of $1,025,280.90. Following the completion of the sale, the insider owned 116,171 shares of the company’s stock, valued at $36,280,203.30. The trade was a 2.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,791 shares of company stock worth $26,462,201. Corporate insiders own 18.30% of the company’s stock.

Duolingo Stock Down 0.5%

Shares of NASDAQ:DUOL opened at $312.00 on Monday. The company has a fifty day moving average of $312.02 and a 200-day moving average of $381.67. The company has a market capitalization of $14.30 billion, a PE ratio of 128.40, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. Duolingo, Inc. has a 52-week low of $256.63 and a 52-week high of $544.93.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share (EPS) 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 the consensus estimate of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The company’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 earnings per share. On average, equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

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.