5 Stocks to Sell According to Chase Coleman’s Tiger Global

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1. Duolingo, Inc. (NASDAQ:DUOL)

Number of Hedge Fund Holders: 14

Duolingo, Inc. (NASDAQ:DUOL) is an American company that offers a language-learning website and mobile application. Duolingo, Inc. (NASDAQ:DUOL) was added to Chase Coleman’s Tiger Global portfolio in Q3 2021. In the fourth quarter, the hedge fund owned an approximately $16 million stake in the company, which it discarded entirely in the first quarter of 2022. 

Evercore ISI analyst Mark Mahaney observed that Duolingo, Inc. (NASDAQ:DUOL) “posted another Clean Beat & Raise quarter”, after which he removed the stock from the firm’s “Tactical Outperform” list, stating “with the stock up 13% in the after-market, our trading work here is done”. However, he remains bullish on the long-term outlook, and “modestly” boosted estimates after the company’s Q1 results. He maintained a $120 price target and Outperform rating on Duolingo, Inc. (NASDAQ:DUOL) shares on May 13.

According to Insider Monkey’s Q1 data, 14 hedge funds held long positions in Duolingo, Inc. (NASDAQ:DUOL), up from 12 funds in the last quarter. Henry Ellenbogen’s Durable Capital Partners held the largest stake in the company, consisting of 3.2 million shares worth about $309 million.

You can also take a look at 10 Best Stocks to Buy Now According to Billionaire Nicholas Pritzker’s Tao Capital and Top 10 Small-Cap Stocks Added to Billionaire Mario Gabelli’s Portfolio.

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