Harvest Fund Management Co. Ltd Makes New Investment in Duolingo, Inc. (NASDAQ:DUOL)

Harvest Fund Management Co. Ltd acquired a new position in Duolingo, Inc. (NASDAQ:DUOL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 405 shares of the company’s stock, valued at approximately $92,000.

Other hedge funds have also added to or reduced their stakes in the company. FSC Wealth Advisors LLC bought a new stake in Duolingo in the fourth quarter worth about $39,000. Bamco Inc. NY purchased a new position in shares of Duolingo in the third quarter worth about $39,000. Whittier Trust Co. purchased a new position in shares of Duolingo in the third quarter worth about $157,000. Kercheville Advisors LLC purchased a new position in shares of Duolingo in the fourth quarter worth about $227,000. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Duolingo in the third quarter worth about $210,000. Institutional investors own 91.59% of the company’s stock.

Insider Buying and Selling at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 8,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $235.18, for a total transaction of $1,881,440.00. Following the transaction, the chief financial officer now owns 64,523 shares in the company, valued at approximately $15,174,519.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Matthew Skaruppa sold 8,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $235.18, for a total value of $1,881,440.00. Following the transaction, the chief financial officer now owns 64,523 shares in the company, valued at approximately $15,174,519.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total transaction of $1,786,200.00. Following the completion of the transaction, the insider now owns 72 shares in the company, valued at approximately $12,860.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,223 shares of company stock worth $23,682,665. Company insiders own 19.85% of the company’s stock.

Duolingo Stock Down 0.7 %

NASDAQ:DUOL opened at $214.84 on Friday. The firm’s 50-day moving average price is $212.04 and its 200-day moving average price is $202.66. The company has a market capitalization of $9.21 billion, a PE ratio of 631.90 and a beta of 0.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.24 and a quick ratio of 3.24. Duolingo, Inc. has a 1-year low of $116.82 and a 1-year high of $245.87.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. The company had revenue of $150.99 million for the quarter, compared to the consensus estimate of $146.98 million. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. On average, equities analysts predict that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

DUOL has been the subject of a number of research reports. Piper Sandler boosted their price target on shares of Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a research note on Thursday, February 29th. Needham & Company LLC boosted their price objective on shares of Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. UBS Group boosted their price objective on shares of Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. JPMorgan Chase & Co. initiated coverage on shares of Duolingo in a report on Monday, March 11th. They issued an “overweight” rating and a $270.00 price objective for the company. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $245.13.

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.