GF Fund Management CO. LTD. Invests $6.37 Million in Duolingo, Inc. $DUOL

GF Fund Management CO. LTD. purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 19,780 shares of the company’s stock, valued at approximately $6,366,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp purchased a new position in Duolingo during the 3rd quarter valued at about $32,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Duolingo in the second quarter worth about $40,000. Farther Finance Advisors LLC boosted its position in shares of Duolingo by 82.2% in the third quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after acquiring an additional 60 shares during the period. Cornerstone Planning Group LLC grew its stake in Duolingo by 8,900.0% during the third quarter. Cornerstone Planning Group LLC now owns 180 shares of the company’s stock valued at $58,000 after acquiring an additional 178 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Duolingo by 46.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 146 shares of the company’s stock valued at $60,000 after acquiring an additional 46 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Stock Up 0.5%

Shares of DUOL opened at $112.57 on Friday. Duolingo, Inc. has a 1 year low of $107.16 and a 1 year high of $544.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. The stock has a 50 day simple moving average of $161.09 and a two-hundred day simple moving average of $240.49. The firm has a market cap of $5.20 billion, a P/E ratio of 14.27, a P/E/G ratio of 0.60 and a beta of 0.86.

Insider Buying and Selling at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $172.74, for a total value of $1,727,400.00. Following the transaction, the insider owned 72 shares in the company, valued at $12,437.28. This trade represents a 99.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Skaruppa sold 3,059 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $175.76, for a total transaction of $537,649.84. Following the sale, the chief financial officer owned 37,487 shares of the company’s stock, valued at approximately $6,588,715.12. The trade was a 7.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,169 shares of company stock worth $5,826,651 over the last 90 days. Company insiders own 15.67% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Duolingo from $275.00 to $245.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 3rd. Bank of America upgraded Duolingo from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $301.00 to $250.00 in a research report on Monday, January 5th. Scotiabank reduced their target price on Duolingo from $600.00 to $300.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company decreased their target price on Duolingo from $185.00 to $160.00 and set an “underweight” rating on the stock in a research note on Thursday, January 8th. Finally, UBS Group set a $245.00 price target on Duolingo in a research report on Monday, January 5th. Twelve analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $300.25.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.