AGF Management Ltd. Has $86.17 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

AGF Management Ltd. reduced its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 26.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 265,780 shares of the company’s stock after selling 96,129 shares during the quarter. AGF Management Ltd. owned about 0.60% of Duolingo worth $86,174,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. True Wealth Design LLC bought a new stake in shares of Duolingo in the third quarter valued at about $26,000. First Horizon Advisors Inc. bought a new stake in shares of Duolingo in the third quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo in the fourth quarter valued at about $31,000. Farther Finance Advisors LLC lifted its stake in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock valued at $40,000 after buying an additional 113 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 188,901 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the transaction, the insider now directly owns 72 shares in the company, valued at $24,446.88. The trade was a 99.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the completion of the transaction, the general counsel now owns 34,634 shares in the company, valued at approximately $15,069,946.08. This trade represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 313,159 shares of company stock worth $107,512,184 in the last ninety days. Insiders own 18.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Needham & Company LLC raised their price target on shares of Duolingo from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Bank of America cut shares of Duolingo from a “buy” rating to a “neutral” rating and raised their price target for the stock from $355.00 to $375.00 in a research note on Wednesday, December 11th. The Goldman Sachs Group lifted their target price on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. DA Davidson lifted their target price on shares of Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. lifted their target price 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. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Duolingo has a consensus rating of “Moderate Buy” and a consensus target price of $375.00.

Duolingo Trading Down 6.2 %

DUOL opened at $277.18 on Tuesday. The stock has a market capitalization of $12.54 billion, a P/E ratio of 151.47 and a beta of 0.92. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The firm’s fifty day simple moving average is $353.88 and its 200 day simple moving average is $315.24. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07.

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

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.