Krane Funds Advisors LLC Increases Position in Duolingo, Inc. $DUOL

Krane Funds Advisors LLC grew its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 383.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,076 shares of the company’s stock after acquiring an additional 4,820 shares during the quarter. Krane Funds Advisors LLC’s holdings in Duolingo were worth $1,991,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Baillie Gifford & Co. increased its position in Duolingo by 28.6% in the 3rd quarter. Baillie Gifford & Co. now owns 2,827,834 shares of the company’s stock valued at $910,110,000 after acquiring an additional 628,943 shares during the period. Norges Bank purchased a new position in shares of Duolingo in the 2nd quarter valued at approximately $192,965,000. AQR Capital Management LLC grew its stake in shares of Duolingo by 105.9% in the 2nd quarter. AQR Capital Management LLC now owns 415,221 shares of the company’s stock valued at $170,249,000 after purchasing an additional 213,529 shares during the last quarter. Man Group plc increased its holdings in shares of Duolingo by 248.5% in the second quarter. Man Group plc now owns 211,344 shares of the company’s stock valued at $86,655,000 after purchasing an additional 150,695 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Duolingo by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after purchasing an additional 116,135 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of NASDAQ DUOL opened at $106.14 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. Duolingo, Inc. has a one year low of $104.51 and a one year high of $544.93. The firm has a market capitalization of $4.91 billion, a P/E ratio of 13.45, a PEG ratio of 0.60 and a beta of 0.86. The company’s fifty day moving average is $150.48 and its two-hundred day moving average is $229.60.

Wall Street Analysts Forecast Growth

DUOL has been the subject of several recent research reports. Barclays decreased their price target on Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a report on Thursday, November 6th. KeyCorp downgraded shares of Duolingo from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 6th. The Goldman Sachs Group reduced their target price on shares of Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. BMO Capital Markets upgraded shares of Duolingo to a “buy” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company cut their price target on shares of Duolingo from $185.00 to $160.00 and set an “underweight” rating for the company in a report on Thursday, January 8th. Eleven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $292.37.

Insider Activity at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 3,986 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $113.52, for a total value of $452,490.72. Following the completion of the transaction, the chief financial officer directly owned 31,631 shares of the company’s stock, valued at approximately $3,590,751.12. This trade represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Stephen C. Chen sold 1,901 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $113.26, for a total value of $215,307.26. Following the sale, the general counsel directly owned 30,545 shares in the company, valued at $3,459,526.70. This trade represents a 5.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,939 shares of company stock worth $1,676,291 over the last three months. 18.30% of the stock is currently owned by company insiders.

Duolingo Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.