Capital Fund Management S.A. Trims Stake in Duolingo, Inc. (NASDAQ:DUOL)

Capital Fund Management S.A. trimmed its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 44.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,377 shares of the company's stock after selling 19,143 shares during the quarter. Capital Fund Management S.A. owned about 0.06% of Duolingo worth $7,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DUOL. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo in the fourth quarter valued at approximately $31,000. Harvest Fund Management Co. Ltd increased its position in shares of Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after buying an additional 101 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 113 shares during the period. Smithfield Trust Co grew its stake in Duolingo by 41.8% in the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after purchasing an additional 46 shares during the period. Finally, R Squared Ltd bought a new position in Duolingo in the fourth quarter worth $55,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $292.43, for a total value of $2,924,300.00. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at $21,054.96. This represents a 99.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $434.79, for a total transaction of $3,478,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,868 shares of company stock worth $29,474,420. 18.30% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Piper Sandler upped their price objective on shares of Duolingo from $351.00 to $390.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Jefferies Financial Group initiated coverage on shares of Duolingo in a research note on Friday, January 24th. They set a "hold" rating and a $370.00 price objective for the company. DA Davidson raised their price target on shares of Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Citizens Jmp raised Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective on the stock in a research report on Tuesday, March 18th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a report on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $372.92.

Duolingo Stock Performance

Shares of NASDAQ:DUOL traded up $1.23 during mid-day trading on Wednesday, reaching $326.40. 569,740 shares of the company traded hands, compared to its average volume of 744,193. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The firm has a market cap of $14.77 billion, a PE ratio of 178.36 and a beta of 0.91. The company's 50 day moving average price is $336.82 and its 200-day moving average price is $329.30. 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 (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million during the quarter, compared to analysts' expectations of $205.49 million. On average, equities analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

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.