Duolingo, Inc. (NASDAQ:DUOL) Shares Purchased by Beach Investment Counsel Inc. PA

Beach Investment Counsel Inc. PA increased its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 204.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,352 shares of the company’s stock after acquiring an additional 4,269 shares during the quarter. Beach Investment Counsel Inc. PA’s holdings in Duolingo were worth $2,060,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DUOL. True Wealth Design LLC bought a new position in shares of Duolingo in the 3rd quarter valued at approximately $26,000. First Horizon Advisors Inc. bought a new position in shares of Duolingo in the 3rd quarter valued at approximately $29,000. Farther Finance Advisors LLC raised its stake in shares of Duolingo by 164.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after acquiring an additional 79 shares in the last quarter. R Squared Ltd bought a new position in Duolingo in the 4th quarter worth approximately $55,000. Finally, Nisa Investment Advisors LLC increased its position in Duolingo by 50.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 180 shares of the company’s stock worth $58,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insiders Place Their Bets

In other news, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the transaction, the insider now directly owns 132,239 shares of the company’s stock, valued at $48,839,829.87. This represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 281,124 shares of company stock valued at $95,033,738. 18.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DUOL has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price target on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Scotiabank initiated coverage on Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price target on the stock. Jefferies Financial Group started coverage on Duolingo in a research report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, Piper Sandler boosted their price objective on Duolingo from $271.00 to $351.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $355.55.

Duolingo Price Performance

Shares of DUOL stock opened at $369.27 on Tuesday. The stock’s fifty day simple moving average is $341.64 and its 200 day simple moving average is $281.66. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 201.43 and a beta of 0.89. Duolingo, Inc. has a one year low of $145.05 and a one year high of $378.48.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The company had revenue of $192.59 million for the quarter, compared to analyst estimates of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business’s revenue was up 39.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 earnings per share. On average, analysts expect that Duolingo, Inc. will post 2.03 earnings per share 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.