FORA Capital LLC Increases Position in Duolingo, Inc. (NASDAQ:DUOL)

FORA Capital LLC increased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 73.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,495 shares of the company's stock after buying an additional 5,288 shares during the period. FORA Capital LLC's holdings in Duolingo were worth $4,051,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP increased its stake in Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after buying an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo during the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd increased its position in shares of Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after purchasing an additional 101 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Duolingo by 1,255.6% in the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after purchasing an additional 113 shares during the last quarter. Finally, Smithfield Trust Co increased its position in shares of Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company's stock valued at $51,000 after purchasing an additional 46 shares during the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Natalie Glance sold 2,667 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,160,891.76. Following the completion of the sale, the insider now owns 129,572 shares in the company, valued at approximately $56,400,100.16. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was 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. Insiders sold a total of 109,868 shares of company stock worth $38,594,200 in the last 90 days. Company insiders own 15.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective on the stock. Evercore ISI increased their price objective on shares of Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Citizens Jmp raised shares of 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. Morgan Stanley increased their price objective on shares of Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Duolingo from $360.00 to $500.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $426.29.

Duolingo Stock Up 1.0%

Shares of NASDAQ DUOL traded up $5.08 during mid-day trading on Monday, reaching $517.83. The company had a trading volume of 949,420 shares, compared to its average volume of 724,466. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The firm has a 50 day simple moving average of $342.98 and a two-hundred day simple moving average of $344.74. The stock has a market cap of $23.54 billion, a P/E ratio of 282.97 and a beta of 0.88. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $556.33.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. The firm had revenue of $230.74 million during the quarter, compared to analysts' expectations of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business's quarterly revenue was up 37.6% on a year-over-year basis. Sell-side analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

About Duolingo

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.