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

Axxcess Wealth Management LLC raised its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 15.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor 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 institutional investors and hedge funds also recently modified their holdings of the stock. True Wealth Design LLC bought a new stake in shares of Duolingo in the 3rd quarter valued at $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo in the fourth quarter worth about $31,000. First Horizon Advisors Inc. acquired a new stake in shares of Duolingo during the third quarter worth about $29,000. Global Retirement Partners LLC lifted its holdings in shares of Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after purchasing an additional 113 shares in the last quarter. Finally, Smithfield Trust Co grew its position in shares of Duolingo by 41.8% in the 4th 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. 91.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on DUOL shares. Jefferies Financial Group initiated coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price target on the stock. Barclays boosted their price objective on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and increased their target price for the stock from $355.00 to $375.00 in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Scotiabank began coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective for the company. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $376.25.

Duolingo Trading Up 1.7 %

NASDAQ DUOL opened at $306.17 on Friday. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. 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 stock has a 50 day moving average of $347.77 and a 200-day moving average of $318.22. The company has a market cap of $13.85 billion, a PE ratio of 167.31 and a beta of 0.92.

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

Insider Buying and Selling

In other news, CEO Ahn Luis Von sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $293.80, for a total value of $2,350,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total value of $1,160,891.76. Following the transaction, the insider now owns 129,572 shares of the company’s stock, valued at $56,400,100.16. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,499 shares of company stock worth $28,144,768. Company insiders own 18.30% of the company’s stock.

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.