Vontobel Holding Ltd. Cuts Stake in Duolingo, Inc. (NASDAQ:DUOL)

Vontobel Holding Ltd. decreased its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,603 shares of the company’s stock after selling 79 shares during the period. Vontobel Holding Ltd.’s holdings in Duolingo were worth $520,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. True Wealth Design LLC acquired a new stake in shares of Duolingo during the third quarter worth approximately $26,000. First Horizon Advisors Inc. acquired a new position in shares of Duolingo during the third quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Duolingo during the fourth quarter valued at about $31,000. Farther Finance Advisors LLC raised its stake in shares of Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Duolingo in the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of DUOL stock opened at $432.52 on Thursday. The company has a market cap of $19.03 billion, a P/E ratio of 236.35 and a beta of 0.89. The business has a fifty day simple moving average of $354.37 and a 200 day simple moving average of $300.95. 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 twelve month low of $145.05 and a twelve month high of $441.77.

Insider Activity at Duolingo

In other Duolingo news, insider Severin Hacker sold 188,901 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total value of $64,139,445.54. Following the completion of the sale, the insider now directly owns 72 shares of the company’s stock, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $369.33, for a total value 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. This represents a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 302,355 shares of company stock worth $104,015,597 in the last 90 days. Corporate insiders own 18.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DUOL shares. The Goldman Sachs Group lifted their price target on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on Duolingo from $360.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Seaport Res Ptn cut Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group upped their target price on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Barclays increased their price objective on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $355.55.

Duolingo 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.