Shorepath Capital Management LLC Decreases Position in Duolingo, Inc. (NASDAQ:DUOL)

Shorepath Capital Management LLC decreased its position in Duolingo, Inc. (NASDAQ:DUOL) by 46.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,055 shares of the company’s stock after selling 1,777 shares during the period. Duolingo comprises about 0.5% of Shorepath Capital Management LLC’s holdings, making the stock its 23rd biggest holding. Shorepath Capital Management LLC’s holdings in Duolingo were worth $666,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its stake in Duolingo by 60.2% in the second quarter. Victory Capital Management Inc. now owns 7,598 shares of the company’s stock worth $1,585,000 after acquiring an additional 2,855 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Duolingo during the 2nd quarter valued at $1,048,000. Dimensional Fund Advisors LP raised its position in shares of Duolingo by 44.2% during the second quarter. Dimensional Fund Advisors LP now owns 88,410 shares of the company’s stock valued at $18,448,000 after buying an additional 27,090 shares during the last quarter. Primecap Management Co. CA boosted its stake in Duolingo by 42.7% during the second quarter. Primecap Management Co. CA now owns 5,350 shares of the company’s stock valued at $1,116,000 after buying an additional 1,600 shares during the last quarter. Finally, Virtu Financial LLC increased its holdings in shares of Duolingo by 754.3% in the 2nd quarter. Virtu Financial LLC now owns 12,447 shares of the company’s stock worth $2,597,000 after buying an additional 10,990 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $369.33, for a total transaction of $553,995.00. Following the completion of the sale, the insider now owns 132,239 shares in the company, valued at $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the completion of the sale, the insider now owns 72 shares in the company, valued at approximately $24,208.56. This represents a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 258,660 shares of company stock valued at $87,726,551. Corporate insiders own 18.30% of the company’s stock.

Analyst Ratings Changes

DUOL has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. DA Davidson boosted their price objective on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their target price on shares of Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Bank of America lowered Duolingo from a “buy” rating to a “neutral” rating and boosted their price target for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Finally, JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.90.

Duolingo Trading Down 0.7 %

NASDAQ DUOL opened at $316.38 on Tuesday. The company has a market cap of $13.92 billion, a P/E ratio of 172.89 and a beta of 0.85. The company has a 50-day moving average of $335.84 and a 200-day moving average of $265.67. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $378.48. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. The firm had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. As a group, equities analysts predict that Duolingo, Inc. will post 2.02 earnings per share 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.