Harbour Capital Advisors LLC Acquires 270 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Harbour Capital Advisors LLC lifted its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 16.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,890 shares of the company’s stock after buying an additional 270 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Duolingo were worth $643,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DUOL. True Wealth Design LLC purchased a new stake in Duolingo during the 3rd quarter valued at approximately $26,000. First Horizon Advisors Inc. purchased a new position in Duolingo during the third quarter valued at $29,000. Mark Sheptoff Financial Planning LLC purchased a new stake in Duolingo in the 2nd quarter worth $36,000. Farther Finance Advisors LLC boosted its holdings in shares of Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Duolingo during the third quarter valued at about $68,000. Institutional investors own 91.59% of the company’s stock.

Duolingo Trading Down 1.4 %

NASDAQ:DUOL traded down $4.43 during mid-day trading on Monday, hitting $314.24. 234,882 shares of the stock traded hands, compared to its average volume of 464,179. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $378.48. The stock has a market capitalization of $13.82 billion, a price-to-earnings ratio of 171.72 and a beta of 0.85. The firm’s 50 day moving average is $335.33 and its two-hundred day moving average is $264.91.

Duolingo (NASDAQ:DUOL) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. During the same period in the prior year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 39.9% on a year-over-year basis. On average, equities research analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Friday, December 6th. The stock was 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 directly owns 132,239 shares of the company’s stock, valued at $48,839,829.87. The trade was a 1.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $336.23, for a total value of $3,362,300.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at $24,208.56. The trade was a 99.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 258,660 shares of company stock worth $87,726,551. 18.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on DUOL. JPMorgan Chase & Co. boosted their target price on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Seaport Res Ptn downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. DA Davidson raised their target price on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC upped their price target on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, Scotiabank initiated coverage on shares of Duolingo in a research note on Thursday, December 5th. They issued a “sector outperform” rating and a $425.00 price objective for the company. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $353.90.

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.