Duolingo, Inc. $DUOL Shares Bought by Krane Funds Advisors LLC

Krane Funds Advisors LLC raised its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 383.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,076 shares of the company’s stock after buying an additional 4,820 shares during the period. Krane Funds Advisors LLC’s holdings in Duolingo were worth $1,991,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DUOL. AXQ Capital LP raised its stake in shares of Duolingo by 63.7% in the third quarter. AXQ Capital LP now owns 1,978 shares of the company’s stock valued at $637,000 after acquiring an additional 770 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Duolingo by 71.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 871 shares of the company’s stock worth $280,000 after purchasing an additional 362 shares in the last quarter. Clearstead Advisors LLC increased its holdings in Duolingo by 36.1% during the 3rd quarter. Clearstead Advisors LLC now owns 317 shares of the company’s stock worth $102,000 after purchasing an additional 84 shares during the period. X Square Capital LLC increased its holdings in Duolingo by 266.1% during the 3rd quarter. X Square Capital LLC now owns 7,725 shares of the company’s stock worth $2,486,000 after purchasing an additional 5,615 shares during the period. Finally, Alliance Wealth Advisors LLC UT raised its position in Duolingo by 5.6% in the 3rd quarter. Alliance Wealth Advisors LLC UT now owns 2,236 shares of the company’s stock valued at $720,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

Insider Transactions at Duolingo

In other news, insider Robert Meese sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $110.06, for a total value of $110,060.00. Following the completion of the sale, the insider directly owned 122,636 shares of the company’s stock, valued at approximately $13,497,318.16. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Stephen C. Chen sold 1,901 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $113.26, for a total transaction of $215,307.26. Following the transaction, the general counsel owned 30,545 shares in the company, valued at approximately $3,459,526.70. This trade represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 14,939 shares of company stock worth $1,676,291. 18.30% of the stock is owned by corporate insiders.

Duolingo Stock Performance

Shares of DUOL stock opened at $106.14 on Tuesday. The stock’s 50-day moving average is $150.48 and its two-hundred day moving average is $229.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. Duolingo, Inc. has a 1 year low of $104.51 and a 1 year high of $544.93. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.60 and a beta of 0.86.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Scotiabank lowered their price objective 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a report on Monday, December 29th. Jefferies Financial Group lifted their price target on shares of Duolingo from $210.00 to $220.00 and gave the stock a “hold” rating in a research note on Thursday, December 11th. Barclays dropped their price objective on shares of Duolingo from $390.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 6th. Finally, Bank of America upgraded shares of Duolingo from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $301.00 to $250.00 in a report on Monday, January 5th. Eleven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $292.37.

Duolingo Company Profile

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.