Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its position in Duolingo, Inc. (NASDAQ:DUOL) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,600 shares of the company’s stock after selling 400 shares during the period. Handelsbanken Fonder AB’s holdings in Duolingo were worth $3,113,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Mount Lucas Management LP boosted its stake in Duolingo by 2.4% in the 3rd quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after buying an additional 32 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Duolingo by 3.1% during the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after acquiring an additional 32 shares during the period. Fifth Third Bancorp boosted its position in shares of Duolingo by 19.3% in the fourth quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after acquiring an additional 42 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in Duolingo by 6.1% in the fourth quarter. Bleakley Financial Group LLC now owns 995 shares of the company’s stock valued at $323,000 after purchasing an additional 57 shares during the period. Finally, Kestra Private Wealth Services LLC increased its position in Duolingo by 2.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,294 shares of the company’s stock worth $744,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Stock Performance

Shares of DUOL stock opened at $389.90 on Tuesday. 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’s fifty day moving average price is $357.79 and its two-hundred day moving average price is $306.82. The firm has a market capitalization of $17.15 billion, a P/E ratio of 213.06 and a beta of 0.89. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77.

Insider Transactions at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the transaction, the general counsel now directly owns 34,634 shares in the company, valued at $15,069,946.08. This represents a 5.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the sale, the insider now directly owns 132,239 shares of the company’s stock, valued at $48,839,829.87. The trade was a 1.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 305,639 shares of company stock valued at $105,445,057. 18.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Jefferies Financial Group started coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target on the stock. Scotiabank assumed coverage on Duolingo in a report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price on the stock. DA Davidson boosted their target price on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and lifted their target price for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their price target on Duolingo from $360.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $355.55.

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.