Captrust Financial Advisors Grows Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Captrust Financial Advisors boosted its position in Duolingo, Inc. (NASDAQ:DUOL) by 90.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,871 shares of the company’s stock after purchasing an additional 6,126 shares during the period. Captrust Financial Advisors’ holdings in Duolingo were worth $3,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Mount Lucas Management LP increased its position in Duolingo by 2.4% in the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after buying an additional 32 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Duolingo by 3.1% in the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock valued at $299,000 after purchasing an additional 32 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Duolingo by 3.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock valued at $409,000 after purchasing an additional 73 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Duolingo by 19.5% in the second quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock valued at $109,000 after purchasing an additional 85 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Robert Meese sold 4,819 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total value of $1,156,656.38. Following the completion of the sale, the insider now owns 157,053 shares of the company’s stock, valued at approximately $37,695,861.06. The trade was a 2.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $207.51, for a total value of $311,265.00. Following the completion of the sale, the insider now directly owns 139,760 shares of the company’s stock, valued at approximately $29,001,597.60. This trade represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,319 shares of company stock valued at $5,134,526 over the last 90 days. Insiders own 18.30% of the company’s stock.

Duolingo Trading Up 4.2 %

Shares of DUOL stock opened at $360.98 on Wednesday. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $303.70 and a two-hundred day moving average price of $235.06. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $364.95. The firm has a market cap of $15.88 billion, a P/E ratio of 197.26 and a beta of 0.85.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $192.59 million during the quarter, compared to analyst estimates of $189.19 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue was up 39.9% compared to the same quarter last year. Equities analysts anticipate that Duolingo, Inc. will post 2.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DUOL. DA Davidson lifted their price target on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. JMP Securities cut Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. UBS Group lifted their price target on Duolingo from $355.00 to $408.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. lifted their price objective on Duolingo from $303.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Bank of America lifted their price objective on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $331.33.

About Duolingo

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.