Harvest Fund Management Co. Ltd Acquires 101 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Harvest Fund Management Co. Ltd boosted its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 5,050.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103 shares of the company’s stock after acquiring an additional 101 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Duolingo were worth $33,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. True Wealth Design LLC acquired a new stake in Duolingo during the third quarter valued at approximately $26,000. First Horizon Advisors Inc. acquired a new stake in Duolingo in the 3rd quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Duolingo in the fourth quarter valued at $31,000. Global Retirement Partners LLC raised its stake in 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 acquiring an additional 113 shares in the last quarter. Finally, 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 acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DUOL shares. Citizens Jmp upgraded shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a research report on Tuesday, March 18th. 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. Barclays increased their price target on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. JMP Securities reissued a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Finally, Scotiabank began coverage on Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $376.25.

Insider Buying and Selling

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at $21,474. This trade represents a 99.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total transaction of $898,087.68. Following the transaction, the general counsel now owns 34,634 shares of the company’s stock, valued at approximately $15,069,946.08. This represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,499 shares of company stock valued at $32,677,268 over the last three months. Company insiders own 18.30% of the company’s stock.

Duolingo Stock Up 1.0 %

Shares of NASDAQ:DUOL opened at $309.30 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 stock has a market cap of $13.99 billion, a price-to-earnings ratio of 169.02 and a beta of 0.92. The company has a 50 day moving average of $347.58 and a 200-day moving average of $320.47. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77.

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

About Duolingo

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.