Duolingo, Inc. (NASDAQ:DUOL) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 8.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,510 shares of the company’s stock after acquiring an additional 430 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Duolingo were worth $1,150,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Duolingo by 5.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock worth $231,000 after acquiring an additional 55 shares during the period. 9258 Wealth Management LLC boosted its position in Duolingo by 4.4% during the fourth quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock worth $347,000 after purchasing an additional 65 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in 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 during the last quarter. Strategic Advocates LLC increased its position in shares of Duolingo by 8.3% in the second quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock valued at $240,000 after buying an additional 88 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in shares of Duolingo by 6.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 1,686 shares of the company’s stock worth $382,000 after buying an additional 100 shares during the last quarter. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wolfe Research initiated coverage on shares of Duolingo in a research note on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Barclays dropped their price objective on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. DA Davidson initiated coverage on Duolingo in a research note on Thursday, June 13th. They issued a “buy” rating and a $250.00 target price on the stock. Needham & Company LLC dropped their price target on Duolingo from $267.00 to $245.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Bank of America raised Duolingo from a “neutral” rating to a “buy” rating and set a $245.00 price target for the company in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $237.40.

Duolingo Price Performance

DUOL stock opened at $206.36 on Wednesday. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 212.74 and a beta of 0.72. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 52-week low of $140.16 and a 52-week high of $251.30. The stock’s fifty day simple moving average is $189.74 and its 200-day simple moving average is $201.08.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm had revenue of $178.30 million for the quarter, compared to the consensus estimate of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 earnings per share. Equities research analysts expect that Duolingo, Inc. will post 1.87 EPS for the current year.

Insider Transactions at Duolingo

In related news, CEO Ahn Luis Von sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $215.00, for a total value of $215,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Duolingo news, CEO Ahn Luis Von sold 1,000 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $215.00, for a total transaction of $215,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $193.53, for a total transaction of $290,295.00. Following the sale, the insider now directly owns 147,282 shares of the company’s stock, valued at $28,503,485.46. The disclosure for this sale can be found here. Insiders have sold a total of 78,555 shares of company stock worth $15,377,741 in the last three months. Company insiders own 18.30% of the company’s stock.

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.