Handelsbanken Fonder AB Has $2.82 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

Handelsbanken Fonder AB increased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 33.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the company’s stock after buying an additional 2,500 shares during the period. Handelsbanken Fonder AB’s holdings in Duolingo were worth $2,820,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC acquired a new position in shares of Duolingo during the second quarter worth $31,000. Blue Trust Inc. bought a new stake in shares of Duolingo in the 2nd quarter valued at about $32,000. GAMMA Investing LLC increased its stake in shares of Duolingo by 350.0% in the second quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC bought a new position in shares of Duolingo during the second quarter worth about $36,000. Finally, Fifth Third Bancorp acquired a new position in shares of Duolingo in the second quarter worth approximately $40,000. 91.59% of the stock is owned by institutional investors.

Duolingo Stock Performance

Shares of DUOL stock opened at $284.95 on Wednesday. Duolingo, Inc. has a 12 month low of $140.16 and a 12 month high of $297.56. The firm has a market capitalization of $12.29 billion, a PE ratio of 296.13 and a beta of 0.79. The firm has a fifty day simple moving average of $221.47 and a two-hundred day simple moving average of $208.30. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The company had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. During the same quarter in the prior year, the business posted $0.08 EPS. The firm’s revenue was up 40.6% compared to the same quarter last year. Analysts forecast that Duolingo, Inc. will post 1.87 EPS for the current fiscal year.

Insider Activity

In related news, insider Robert Meese sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $285.04, for a total transaction of $1,425,200.00. Following the completion of the sale, the insider now owns 142,053 shares in the company, valued at approximately $40,490,787.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Duolingo news, General Counsel Stephen C. Chen sold 19,464 shares of Duolingo stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the transaction, the general counsel now owns 35,558 shares of the company’s stock, valued at $7,522,294.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Meese sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $285.04, for a total value of $1,425,200.00. Following the completion of the transaction, the insider now directly owns 142,053 shares of the company’s stock, valued at approximately $40,490,787.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,374 shares of company stock worth $18,571,912 over the last 90 days. 18.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DUOL shares. Bank of America raised their price target on shares of Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Barclays cut their price target on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Wolfe Research started coverage on Duolingo in a research report on Tuesday, July 16th. They issued a “peer perform” rating for the company. Needham & Company LLC upped their target price on Duolingo from $245.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, DA Davidson reiterated a “buy” rating and issued a $250.00 target price on shares of Duolingo in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $263.50.

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.