Axxcess Wealth Management LLC Has $1.19 Million Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Axxcess Wealth Management LLC boosted its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 15.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,676 shares of the company’s stock after purchasing an additional 495 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Duolingo were worth $1,192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. True Wealth Design LLC bought a new position in shares of Duolingo during the 3rd quarter worth about $26,000. First Horizon Advisors Inc. bought a new position in Duolingo during the third quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Duolingo during the fourth quarter valued at about $31,000. Global Retirement Partners LLC lifted its position in shares of Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after acquiring an additional 113 shares during the period. Finally, Smithfield Trust Co increased its position in shares of Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Trading Up 1.7 %

DUOL opened at $306.17 on Friday. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The stock has a market capitalization of $13.85 billion, a PE ratio of 167.31 and a beta of 0.92. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $347.77 and a two-hundred day moving average price of $318.22.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. As a group, equities analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Duolingo

In related news, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $293.80, for a total value of $2,350,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $336.23, for a total value of $3,362,300.00. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $24,208.56. This represents a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,499 shares of company stock worth $28,144,768 over the last 90 days. 18.30% of the stock is owned by insiders.

Analysts Set New Price Targets

DUOL has been the subject of several research reports. Piper Sandler raised their target price on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Scotiabank started coverage on shares of Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 target price on the stock. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price target for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Needham & Company LLC raised their price target on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, UBS Group set a $400.00 price objective on Duolingo in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $376.25.

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.