Harbour Capital Advisors LLC Boosts Position in Duolingo, Inc. (NASDAQ:DUOL)

Harbour Capital Advisors LLC grew its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,890 shares of the company’s stock after buying an additional 270 shares during the period. Harbour Capital Advisors LLC’s holdings in Duolingo were worth $643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Dragoneer Investment Group LLC bought a new stake in shares of Duolingo during the 2nd quarter valued at about $204,768,000. Charles Schwab Investment Management Inc. raised its stake in Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Duolingo by 23.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock valued at $14,005,000 after purchasing an additional 12,860 shares during the last quarter. Lisanti Capital Growth LLC grew its stake in Duolingo by 17.8% in the 3rd quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock worth $3,284,000 after buying an additional 1,760 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Duolingo in the 3rd quarter worth $4,350,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Duolingo

In related news, CEO Ahn Luis Von sold 41,759 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at $24,208.56. The trade was a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 258,660 shares of company stock worth $87,726,551. 18.30% of the stock is owned by insiders.

Duolingo Trading Down 1.4 %

Shares of Duolingo stock traded down $4.43 during trading on Monday, reaching $314.24. 234,882 shares of the stock were exchanged, compared to its average volume of 464,179. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a market cap of $13.82 billion, a price-to-earnings ratio of 171.72 and a beta of 0.85. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $378.48. The stock’s fifty day moving average is $335.33 and its 200 day moving average is $264.91.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $192.59 million during the quarter, compared to analysts’ expectations of $189.19 million. During the same quarter last year, the business posted $0.06 EPS. The business’s revenue was up 39.9% on a year-over-year basis. As a group, equities research analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DUOL. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and upped their target price for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Needham & Company LLC increased their price objective on Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Barclays boosted their target price on Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. DA Davidson increased their price target on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $353.90.

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.