Shorepath Capital Management LLC Has $666,000 Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

Shorepath Capital Management LLC decreased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 46.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,055 shares of the company's stock after selling 1,777 shares during the quarter. Duolingo accounts for approximately 0.5% of Shorepath Capital Management LLC's holdings, making the stock its 23rd biggest position. Shorepath Capital Management LLC's holdings in Duolingo were worth $666,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of Duolingo during the 3rd quarter valued at $26,000. First Horizon Advisors Inc. acquired a new stake in Duolingo during the third quarter valued at $29,000. Farther Finance Advisors LLC grew its stake in 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 purchasing an additional 79 shares in the last quarter. Mark Sheptoff Financial Planning LLC acquired a new position in Duolingo in the 2nd quarter worth about $36,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Duolingo during the 3rd quarter worth about $68,000. Hedge funds and other institutional investors own 91.59% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on DUOL. Piper Sandler boosted their price target on Duolingo from $271.00 to $351.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Scotiabank initiated coverage on shares of Duolingo in a research note on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price target on the stock. JMP Securities downgraded shares of Duolingo from an "outperform" rating to a "market perform" rating in a report on Monday, October 14th. Needham & Company LLC upped their price objective on shares of Duolingo from $370.00 to $385.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Finally, Barclays raised their target price on Duolingo from $183.00 to $295.00 and gave the company an "equal weight" rating in a report on Thursday, November 7th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $353.90.

Insider Buying and Selling at Duolingo

In related news, insider Natalie Glance sold 1,500 shares of the firm's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the transaction, the insider now directly owns 132,239 shares of the company's stock, valued at $48,839,829.87. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The disclosure for this sale can be found here. Insiders sold a total of 263,124 shares of company stock valued at $89,126,238 in the last ninety days. Company insiders own 18.30% of the company's stock.

Duolingo Stock Performance

Shares of Duolingo stock traded down $3.86 during trading on Tuesday, reaching $312.52. The company's stock had a trading volume of 428,672 shares, compared to its average volume of 481,496. Duolingo, Inc. has a one year low of $145.05 and a one year high of $378.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a market cap of $13.75 billion, a price-to-earnings ratio of 170.78 and a beta of 0.87. The business's fifty day moving average price is $336.04 and its 200-day moving average price is $266.40.

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