Aubrey Capital Management Ltd Reduces Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Aubrey Capital Management Ltd trimmed its position in Duolingo, Inc. (NASDAQ:DUOL) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,200 shares of the company’s stock after selling 1,300 shares during the period. Duolingo comprises 1.5% of Aubrey Capital Management Ltd’s portfolio, making the stock its 24th biggest holding. Aubrey Capital Management Ltd’s holdings in Duolingo were worth $3,955,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC purchased a new position in Duolingo in the third quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Duolingo in the fourth quarter worth about $31,000. First Horizon Advisors Inc. purchased a new position in Duolingo in the third quarter worth about $29,000. Farther Finance Advisors LLC boosted its position in Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Duolingo in the fourth quarter worth about $55,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DUOL has been the topic of a number of analyst reports. DA Davidson lifted their price objective on Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Scotiabank initiated coverage on Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price objective on the stock. Barclays lifted their price objective on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

Duolingo Stock Up 1.1 %

Shares of DUOL opened at $393.80 on Monday. The business’s 50 day moving average is $344.92 and its 200 day moving average is $287.76. The company has a market capitalization of $17.32 billion, a PE ratio of 215.19 and a beta of 0.89. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $411.69. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

Insiders Place Their Bets

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Severin Hacker sold 188,901 shares of Duolingo stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total value of $64,139,445.54. Following the completion of the sale, the insider now directly owns 72 shares in the company, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 289,624 shares of company stock valued at $98,478,298 in the last quarter. 18.30% of the stock is currently owned by 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.