Gilder Gagnon Howe & Co. LLC Sells 64,116 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Gilder Gagnon Howe & Co. LLC lowered its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 682,168 shares of the company's stock after selling 64,116 shares during the period. Duolingo accounts for 2.4% of Gilder Gagnon Howe & Co. LLC's holdings, making the stock its 9th biggest position. Gilder Gagnon Howe & Co. LLC owned 1.55% of Duolingo worth $221,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Duolingo during the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd boosted its holdings in Duolingo by 5,050.0% in the fourth 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 boosted its holdings in Duolingo by 1,255.6% in the fourth 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. Smithfield Trust Co grew its position in Duolingo by 41.8% during the 4th 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 purchased a new position in shares of Duolingo during the 4th quarter valued at about $55,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Severin Hacker sold 10,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $391.46, for a total value of $3,914,600.00. Following the sale, the insider now directly owns 72 shares in the company, valued at approximately $28,185.12. The trade was a 99.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total transaction of $898,087.68. Following the transaction, the general counsel now directly owns 34,634 shares of the company's stock, valued at approximately $15,069,946.08. This trade represents a 5.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,868 shares of company stock valued at $37,549,300 in the last quarter. Insiders own 18.30% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Barclays lifted their price target on Duolingo from $295.00 to $330.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. The Goldman Sachs Group lifted their target price on shares of Duolingo from $275.00 to $340.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. JMP Securities restated a "market perform" rating on shares of Duolingo in a research report on Friday, February 14th. Piper Sandler lifted their price objective on shares of Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Finally, DA Davidson raised their target price on Duolingo from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Seven research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $376.15.

Duolingo Price Performance

Shares of DUOL stock traded up $13.11 during trading hours on Thursday, reaching $402.59. The company had a trading volume of 586,657 shares, compared to its average volume of 720,647. The stock has a fifty day moving average of $324.10 and a 200-day moving average of $334.37. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of 219.92 and a beta of 0.91. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, equities analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.