Krane Funds Advisors LLC Purchases Shares of 837 Duolingo, Inc. (NASDAQ:DUOL)

Krane Funds Advisors LLC bought a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 837 shares of the company’s stock, valued at approximately $271,000.

A number of other hedge funds have also recently bought and sold shares of DUOL. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo in the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd grew its holdings in shares of Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after acquiring an additional 101 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of 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 purchasing an additional 113 shares during the period. Smithfield Trust Co lifted its holdings in shares of Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company’s stock valued at $51,000 after purchasing an additional 46 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of Duolingo in the 4th quarter valued at $55,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Stock Down 6.7 %

DUOL stock opened at $292.88 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The company has a 50-day moving average of $345.60 and a two-hundred day moving average of $327.31. The stock has a market capitalization of $13.25 billion, a price-to-earnings ratio of 160.04 and a beta of 0.91. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77.

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

Analysts Set New Price Targets

A number of research firms have commented on DUOL. JPMorgan Chase & Co. upped their price objective on shares of Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Jefferies Financial Group assumed coverage on shares of Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 price target on the stock. The Goldman Sachs Group increased their price objective on Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Piper Sandler upped their target price on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Finally, Barclays lifted their price target on Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $377.08.

Insider Activity at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $293.80, for a total value of $2,350,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Natalie Glance sold 2,667 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,160,891.76. Following the sale, the insider now owns 129,572 shares in the company, valued at approximately $56,400,100.16. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 89,332 shares of company stock worth $30,517,807 in the last ninety days. 18.30% of the stock is currently owned by insiders.

Duolingo Company 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.