Smithfield Trust Co Boosts Stake in Duolingo, Inc. (NASDAQ:DUOL)

Smithfield Trust Co raised its position in Duolingo, Inc. (NASDAQ:DUOL) by 41.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156 shares of the company’s stock after buying an additional 46 shares during the period. Smithfield Trust Co’s holdings in Duolingo were worth $51,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new position in shares of Duolingo during the third quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo during the fourth quarter worth about $31,000. First Horizon Advisors Inc. acquired a new stake in Duolingo during the third quarter worth about $29,000. Global Retirement Partners LLC raised its stake in Duolingo by 1,255.6% during the fourth 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, Farther Finance Advisors LLC raised its stake in Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after acquiring an additional 79 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares in the company, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on 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 owns 132,239 shares in the company, valued at approximately $48,839,829.87. This trade represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 305,639 shares of company stock worth $105,445,057. 18.30% of the stock is owned by insiders.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $292.74 on Thursday. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 159.97 and a beta of 0.89. The stock’s 50 day moving average price is $356.98 and its 200 day moving average price is $312.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DUOL shares. The Goldman Sachs Group increased their price objective on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday. Barclays increased their price objective on shares of Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. Jefferies Financial Group initiated coverage on shares of Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 price objective on the stock. Finally, DA Davidson raised their price target on shares of Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Duolingo currently has a consensus rating of “Moderate Buy” and an average target price of $375.00.

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.