SkyOak Wealth LLC Makes New $734,000 Investment in Duolingo, Inc. (NASDAQ:DUOL)

SkyOak Wealth LLC purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOLFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,235 shares of the company’s stock, valued at approximately $734,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DUOL. Durable Capital Partners LP lifted its position in Duolingo by 59.8% in the 1st quarter. Durable Capital Partners LP now owns 3,248,046 shares of the company’s stock valued at $308,922,000 after acquiring an additional 1,215,144 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Duolingo by 605.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,126,165 shares of the company’s stock valued at $98,596,000 after buying an additional 966,604 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Duolingo by 24.8% during the third quarter. Vanguard Group Inc. now owns 2,357,551 shares of the company’s stock valued at $224,510,000 after buying an additional 468,057 shares during the last quarter. Norges Bank bought a new stake in Duolingo in the 4th quarter worth about $32,403,000. Finally, BlackRock Inc. raised its position in Duolingo by 95.6% in the 1st quarter. BlackRock Inc. now owns 822,978 shares of the company’s stock worth $78,275,000 after buying an additional 402,222 shares during the last quarter. 76.93% of the stock is currently owned by institutional investors.

Duolingo Price Performance

Duolingo stock opened at $232.09 on Friday. Duolingo, Inc. has a 52-week low of $116.82 and a 52-week high of $245.87. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average is $200.76 and its 200 day moving average is $193.46. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 682.64 and a beta of 0.87.

Duolingo (NASDAQ:DUOLGet Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $150.99 million for the quarter, compared to analysts’ expectations of $146.98 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. Sell-side analysts forecast that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $214.25, for a total transaction of $2,142,500.00. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at $15,426. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Duolingo news, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $214.25, for a total value of $2,142,500.00. Following the completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $15,426. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 43,500 shares of Duolingo stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $210.33, for a total transaction of $9,149,355.00. Following the sale, the insider now directly owns 121,188 shares of the company’s stock, valued at approximately $25,489,472.04. The disclosure for this sale can be found here. Insiders have sold 161,223 shares of company stock worth $33,536,955 over the last quarter. Insiders own 19.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a research note on Thursday, February 29th. Piper Sandler increased their price target on Duolingo from $217.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Bank of America increased their target price on Duolingo from $230.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Barclays upped their target price on shares of Duolingo from $173.00 to $243.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. began coverage on Duolingo in a research note on Monday, March 11th. They issued an “overweight” rating and a $270.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $235.11.

View Our Latest Stock Analysis on Duolingo

Duolingo Company Profile

(Free Report)

Duolingo, Inc operates as a mobile learning platform in the United States, China, 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 language proficiency assessment exam.

See Also

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Institutional Ownership by Quarter for Duolingo (NASDAQ:DUOL)

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