Thompson Davis & CO. Inc. Sells 284 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Thompson Davis & CO. Inc. lessened its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,441 shares of the company’s stock after selling 284 shares during the period. Duolingo comprises 0.5% of Thompson Davis & CO. Inc.’s holdings, making the stock its 26th biggest holding. Thompson Davis & CO. Inc.’s holdings in Duolingo were worth $554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kestra Private Wealth Services LLC grew its holdings in shares of Duolingo by 6.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 1,686 shares of the company’s stock worth $382,000 after purchasing an additional 100 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Duolingo by 30.0% during the fourth quarter. Russell Investments Group Ltd. now owns 71,823 shares of the company’s stock worth $16,568,000 after purchasing an additional 16,558 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of Duolingo by 814.3% during the fourth quarter. Headlands Technologies LLC now owns 640 shares of the company’s stock worth $145,000 after purchasing an additional 570 shares during the last quarter. Truist Financial Corp bought a new stake in shares of Duolingo during the fourth quarter worth about $377,000. Finally, Kovack Advisors Inc. bought a new stake in shares of Duolingo during the fourth quarter worth about $257,000. Institutional investors own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DUOL. Seaport Res Ptn restated a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. Barclays lifted their price objective on Duolingo from $173.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. Bank of America lifted their price objective on Duolingo from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. UBS Group lifted their price objective on Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, JPMorgan Chase & Co. began coverage on Duolingo in a research note on Monday, March 11th. They issued an “overweight” rating and a $270.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $245.13.

Duolingo Trading Down 1.4 %

DUOL traded down $3.19 during trading on Tuesday, hitting $225.75. The company’s stock had a trading volume of 642,007 shares, compared to its average volume of 725,349. Duolingo, Inc. has a twelve month low of $116.82 and a twelve month high of $245.87. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average price is $214.59 and its 200-day moving average price is $204.24. The firm has a market capitalization of $9.68 billion, a P/E ratio of 663.99 and a beta of 0.84.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The company had revenue of $150.99 million for the quarter, compared to analyst estimates of $146.98 million. Analysts anticipate that Duolingo, Inc. will post 1.38 EPS for the current year.

Insider Buying and Selling

In other Duolingo news, CEO Ahn Luis Von sold 13,600 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total value of $2,833,424.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ahn Luis Von sold 13,600 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total transaction of $2,833,424.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $178.67, for a total value of $1,429,360.00. Following the transaction, the chief financial officer now owns 69,688 shares in the company, valued at $12,451,154.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,223 shares of company stock worth $23,682,665. 19.85% of the stock is owned by corporate insiders.

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.