Duolingo, Inc. (NASDAQ:DUOL) Holdings Decreased by Handelsbanken Fonder AB

Handelsbanken Fonder AB cut its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The firm 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 filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Duolingo by 228.7% in the 3rd quarter. Blue Trust Inc. now owns 470 shares of the company’s stock worth $133,000 after buying an additional 327 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Duolingo in the third quarter valued at approximately $568,000. State of Alaska Department of Revenue grew its holdings in shares of Duolingo by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 4,315 shares of the company’s stock valued at $1,216,000 after purchasing an additional 295 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Duolingo during the 3rd quarter worth approximately $504,000. Finally, New York State Teachers Retirement System lifted its holdings in shares of Duolingo by 1.5% in the 3rd quarter. New York State Teachers Retirement System now owns 27,465 shares of the company’s stock worth $7,746,000 after purchasing an additional 406 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Activity

In related news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00. Following the sale, the insider now owns 132,239 shares of the company’s stock, valued at $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 305,639 shares of company stock worth $105,445,057. 18.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DUOL. Needham & Company LLC upped their price objective on Duolingo from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. increased 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. Scotiabank initiated coverage on shares of Duolingo in a research report on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective on the stock. The Goldman Sachs Group upped their target price on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, UBS Group lifted their price target on Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a report on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $355.55.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $389.90 on Tuesday. The stock has a market cap of $17.15 billion, a price-to-earnings ratio of 213.06 and a beta of 0.89. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The stock’s 50 day moving average price is $357.79 and its 200 day moving average price is $306.82.

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.