Duolingo, Inc. (NASDAQ:DUOL) is Foxhaven Asset Management LP’s 9th Largest Position

Foxhaven Asset Management LP reduced its position in Duolingo, Inc. (NASDAQ:DUOL) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 653,441 shares of the company’s stock after selling 33,680 shares during the period. Duolingo makes up about 5.7% of Foxhaven Asset Management LP’s investment portfolio, making the stock its 9th biggest position. Foxhaven Asset Management LP’s holdings in Duolingo were worth $211,865,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quarry LP grew its position in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company’s stock valued at $30,000 after acquiring an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo in the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd raised its stake in Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock worth $33,000 after acquiring an additional 101 shares during the period. Global Retirement Partners LLC boosted its position in shares of Duolingo by 1,255.6% in the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company’s stock worth $40,000 after purchasing an additional 113 shares during the period. Finally, Smithfield Trust Co boosted its holdings in Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company’s stock worth $51,000 after buying an additional 46 shares during the period. Institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

DUOL has been the subject of a number of recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Morgan Stanley lifted 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. DA Davidson upped their target price on shares of Duolingo from $410.00 to $470.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price target on shares of Duolingo from $360.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, Barclays raised their price objective on Duolingo from $330.00 to $375.00 and gave the company an “equal weight” 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. According to MarketBeat.com, Duolingo currently has an average rating of “Moderate Buy” and an average target price of $426.29.

Insider Activity at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $292.43, for a total transaction of $2,924,300.00. Following the completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $21,054.96. This trade represents a 99.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalie Glance sold 2,667 shares of the company’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 transaction, the insider now directly owns 129,572 shares in the company, valued at $56,400,100.16. This trade represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 109,868 shares of company stock worth $38,594,200. Insiders own 18.30% of the company’s stock.

Duolingo Price Performance

Shares of Duolingo stock opened at $512.97 on Friday. The stock has a market cap of $23.21 billion, a price-to-earnings ratio of 280.31 and a beta of 0.88. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The stock has a 50 day moving average price of $342.98 and a 200-day moving average price of $343.86. Duolingo, Inc. has a one year low of $145.05 and a one year high of $513.87.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company had revenue of $230.74 million during the quarter, compared to analyst estimates of $223.15 million. Duolingo’s revenue was up 37.6% compared to the same quarter last year. Equities analysts expect that Duolingo, Inc. will post 2.03 EPS 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.