Duolingo, Inc. $DUOL Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC has reduced its holdings in Duolingo, Inc. by 67.1%, selling 44,383 shares during the first quarter, leaving it with a total of 21,802 shares valued at approximately $6.77 million.
• Several institutional investors significantly increased their stakes in Duolingo, with T. Rowe Price and GAMMA Investing LLC increasing their holdings by 110.5% and 41,959.1% respectively, indicating strong institutional confidence in the company.
• Duolingo recently reported an EPS of $0.91, exceeding analysts' expectations, with a year-over-year revenue growth of 41.5% to $252.27 million for the quarter.

Acadian Asset Management LLC reduced its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 67.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,802 shares of the company's stock after selling 44,383 shares during the quarter. Acadian Asset Management LLC's holdings in Duolingo were worth $6,766,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in shares of Duolingo during the 1st quarter worth $25,000. Rise Advisors LLC grew its holdings in shares of Duolingo by 43.6% during the 1st quarter. Rise Advisors LLC now owns 79 shares of the company's stock worth $25,000 after purchasing an additional 24 shares during the period. Summit Securities Group LLC purchased a new position in shares of Duolingo during the 1st quarter worth $28,000. Brooklyn Investment Group lifted its stake in Duolingo by 4,750.0% during the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company's stock worth $30,000 after acquiring an additional 95 shares in the last quarter. Finally, Garde Capital Inc. acquired a new position in Duolingo during the 1st quarter worth about $31,000. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Duolingo Price Performance

Shares of Duolingo stock traded up $8.95 during trading on Thursday, reaching $288.11. The company's stock had a trading volume of 690,520 shares, compared to its average volume of 1,138,837. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. Duolingo, Inc. has a 12-month low of $256.22 and a 12-month high of $544.93. The company has a market capitalization of $13.20 billion, a P/E ratio of 118.58, a price-to-earnings-growth ratio of 1.87 and a beta of 0.85. The business has a 50 day moving average price of $331.06 and a 200-day moving average price of $377.86.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.36. Duolingo had a return on equity of 13.32% and a net margin of 13.24%.The firm had revenue of $252.27 million for the quarter, compared to the consensus estimate of $240.84 million. During the same period in the previous year, the business earned $0.51 earnings per share. The company's revenue for the quarter was up 41.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Activity at Duolingo

In other Duolingo news, General Counsel Stephen C. Chen sold 1,515 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $321.36, for a total transaction of $486,860.40. Following the sale, the general counsel directly owned 32,638 shares in the company, valued at approximately $10,488,547.68. The trade was a 4.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Skaruppa sold 10,937 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $317.39, for a total value of $3,471,294.43. Following the sale, the chief financial officer owned 43,345 shares in the company, valued at approximately $13,757,269.55. The trade was a 20.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 80,508 shares of company stock valued at $28,428,221 in the last 90 days. 15.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JMP Securities decreased their price objective on Duolingo from $475.00 to $450.00 and set a "market outperform" rating for the company in a research note on Monday, July 28th. Citigroup cut their target price on Duolingo from $400.00 to $375.00 and set a "buy" rating on the stock in a research report on Wednesday. Zacks Research raised Duolingo from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 8th. Morgan Stanley lifted their price target on Duolingo from $480.00 to $500.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Robert W. Baird started coverage on Duolingo in a research report on Friday, September 5th. They set a "neutral" rating and a $280.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Duolingo presently has a consensus rating of "Moderate Buy" and an average price target of $419.32.

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.