AQR Capital Management LLC Purchases 924 Shares of Duolingo, Inc. (NASDAQ:DUOL)

AQR Capital Management LLC boosted its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,103 shares of the company's stock after acquiring an additional 924 shares during the period. AQR Capital Management LLC owned 0.20% of Duolingo worth $29,117,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DUOL. FMR LLC lifted its stake in shares of Duolingo by 39.9% during the 4th quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after buying an additional 1,063,327 shares during the last quarter. Vanguard Group Inc. lifted its position in Duolingo by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock worth $1,148,486,000 after acquiring an additional 70,705 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Duolingo by 0.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock worth $434,398,000 after acquiring an additional 10,638 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Duolingo by 53.5% during the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after acquiring an additional 378,225 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Duolingo by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 683,498 shares of the company's stock valued at $221,676,000 after purchasing an additional 10,698 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Piper Sandler set a $375.00 price target on Duolingo in a report on Friday, May 2nd. UBS Group boosted their target price on shares of Duolingo from $400.00 to $500.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Jefferies Financial Group began coverage on shares of Duolingo in a research report on Friday, January 24th. They set a "hold" rating and a $370.00 price target on the stock. Barclays boosted their price objective on shares of Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, Scotiabank raised their target price on shares of Duolingo from $405.00 to $470.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $426.29.

Duolingo Price Performance

Duolingo stock traded up $5.01 during midday trading on Wednesday, reaching $495.56. The company's stock had a trading volume of 1,054,128 shares, compared to its average volume of 741,386. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market cap of $22.42 billion, a PE ratio of 270.80 and a beta of 0.88. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $504.31. The business has a 50-day moving average price of $330.76 and a 200-day moving average price of $339.70.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $230.74 million during the quarter, compared to analysts' expectations of $223.15 million. Duolingo's quarterly revenue was up 37.6% on a year-over-year basis. On average, sell-side analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In other news, General Counsel Stephen C. Chen sold 2,064 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the transaction, the general counsel now owns 34,634 shares of the company's stock, valued at $15,069,946.08. This represents a 5.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $435.28, for a total transaction of $1,160,891.76. Following the sale, the insider now owns 129,572 shares in the company, valued at approximately $56,400,100.16. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 109,868 shares of company stock worth $38,594,200 in the last 90 days. Insiders own 18.30% of the company's stock.

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.