X Square Capital LLC Raises Holdings in Duolingo, Inc. $DUOL

X Square Capital LLC lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 206.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,686 shares of the company’s stock after acquiring an additional 15,961 shares during the quarter. Duolingo makes up approximately 1.4% of X Square Capital LLC’s portfolio, making the stock its 18th biggest position. X Square Capital LLC’s holdings in Duolingo were worth $4,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new stake in Duolingo in the third quarter worth about $32,000. KERR FINANCIAL PLANNING Corp purchased a new position in Duolingo during the 3rd quarter valued at about $47,000. Globeflex Capital L P purchased a new position in Duolingo during the 2nd quarter valued at about $77,000. Huntington National Bank raised its holdings in shares of Duolingo by 103.0% in the 3rd quarter. Huntington National Bank now owns 205 shares of the company’s stock valued at $66,000 after purchasing an additional 104 shares in the last quarter. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Duolingo in the 3rd quarter worth approximately $70,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Activity at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,360 shares of Duolingo stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $113.59, for a total transaction of $381,662.40. Following the completion of the transaction, the insider owned 173,401 shares in the company, valued at approximately $19,696,619.59. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Meese sold 1,420 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $112.16, for a total value of $159,267.20. Following the completion of the transaction, the insider directly owned 170,745 shares of the company’s stock, valued at approximately $19,150,759.20. This trade represents a 0.82% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 9,506 shares of company stock worth $1,073,864 over the last three months. Company insiders own 16.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DUOL shares. Argus reiterated a “hold” rating on shares of Duolingo in a research note on Wednesday, March 18th. Zacks Research upgraded Duolingo from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Evercore set a $97.00 target price on Duolingo in a research report on Tuesday, May 5th. Citigroup reiterated a “neutral” rating and set a $101.00 price objective (down from $270.00) on shares of Duolingo in a report on Friday, February 27th. Finally, Weiss Ratings lowered Duolingo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $195.94.

Duolingo Stock Performance

DUOL opened at $117.96 on Tuesday. Duolingo, Inc. has a 12-month low of $87.89 and a 12-month high of $509.48. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $5.50 billion, a PE ratio of 13.57, a P/E/G ratio of 0.69 and a beta of 0.89. The firm has a 50 day moving average of $104.05 and a two-hundred day moving average of $131.16.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Monday, May 4th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. The business had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. Duolingo had a net margin of 38.44% and a return on equity of 14.07%. The business’s revenue for the quarter was up 26.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. On average, analysts anticipate that Duolingo, Inc. will post 3.39 EPS for the current year.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.