GF Fund Management CO. LTD. Trims Stake in Duolingo, Inc. (NASDAQ:DUOL)

GF Fund Management CO. LTD. cut its stake in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 41.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,800 shares of the company's stock after selling 5,600 shares during the period. GF Fund Management CO. LTD.'s holdings in Duolingo were worth $2,422,000 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. FMR LLC increased its stake in Duolingo by 39.9% in the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after acquiring an additional 1,063,327 shares during the last quarter. Norges Bank purchased a new stake in shares of Duolingo during the 4th quarter valued at $152,296,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Duolingo by 548.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 470,834 shares of the company's stock worth $152,659,000 after acquiring an additional 398,259 shares during the last quarter. Invesco Ltd. grew its position in Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after acquiring an additional 378,225 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Duolingo by 41,959.1% in the first quarter. GAMMA Investing LLC now owns 239,737 shares of the company's stock valued at $74,448,000 after acquiring an additional 239,167 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Duolingo Stock Down 0.4%

Duolingo stock traded down $1.61 during mid-day trading on Friday, reaching $395.39. The stock had a trading volume of 552,232 shares, compared to its average volume of 724,368. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.68 and a quick ratio of 2.68. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 194.78, a PEG ratio of 3.00 and a beta of 0.89. The company has a 50-day moving average price of $477.28 and a two-hundred day moving average price of $386.59. Duolingo, Inc. has a one year low of $145.05 and a one year high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.20. The company had revenue of $230.74 million for the quarter, compared to analysts' expectations of $223.15 million. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The company's quarterly revenue was up 37.6% compared to the same quarter last year. On average, analysts expect that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $471.20, for a total transaction of $4,712,000.00. Following the sale, the insider directly owned 72 shares of the company's stock, valued at $33,926.40. This trade represents a 99.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $327.41, for a total value of $2,619,280.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,000 shares of company stock valued at $29,261,180. 15.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DUOL has been the topic of several recent research reports. Needham & Company LLC increased their target price on shares of Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a report on Friday, May 2nd. DA Davidson lowered their target price on Duolingo from $600.00 to $500.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. JPMorgan Chase & Co. raised their target price on shares of Duolingo from $500.00 to $580.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Argus started coverage on shares of Duolingo in a research note on Wednesday, June 25th. They issued a "buy" rating and a $575.00 target price on the stock. Finally, Morgan Stanley upped their price target on shares of Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $443.53.

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.