AQR Capital Management LLC Has $61.48 Million Stock Holdings in Duolingo, Inc. $DUOL

Key Points

• AQR Capital Management LLC increased its holdings in Duolingo, Inc. by 123.8% in Q1, owning approximately 201,692 shares valued at $61.48 million.
• Insider trades revealed that individuals including Robert Meese and Natalie Glance sold shares at an average price of $329.03, with insiders collectively selling 70,508 shares worth around $25.74 million over the last quarter.
• Duolingo, Inc. reported earnings of $0.91 per share for the last quarter, exceeding estimates and showcasing a 41.5% revenue increase year-over-year.

AQR Capital Management LLC grew its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 123.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 201,692 shares of the company's stock after buying an additional 111,589 shares during the quarter. AQR Capital Management LLC owned approximately 0.44% of Duolingo worth $61,478,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUOL. Northwestern Mutual Wealth Management Co. increased its position in Duolingo by 20.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 153 shares of the company's stock worth $48,000 after purchasing an additional 26 shares during the period. Crossmark Global Holdings Inc. increased its position in Duolingo by 1.2% in the first quarter. Crossmark Global Holdings Inc. now owns 2,942 shares of the company's stock worth $914,000 after purchasing an additional 34 shares during the period. Larson Financial Group LLC increased its position in Duolingo by 24.4% in the first quarter. Larson Financial Group LLC now owns 199 shares of the company's stock worth $62,000 after purchasing an additional 39 shares during the period. Fifth Third Bancorp increased its position in Duolingo by 20.4% in the first quarter. Fifth Third Bancorp now owns 313 shares of the company's stock worth $97,000 after purchasing an additional 53 shares during the period. Finally, Signaturefd LLC increased its position in Duolingo by 90.1% in the first quarter. Signaturefd LLC now owns 135 shares of the company's stock worth $42,000 after purchasing an additional 64 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Duolingo

In other news, insider Robert Meese sold 1,444 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $329.03, for a total transaction of $475,119.32. Following the sale, the insider owned 120,080 shares in the company, valued at $39,509,922.40. This represents a 1.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Natalie Glance sold 2,533 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $329.03, for a total value of $833,432.99. Following the completion of the sale, the insider owned 122,112 shares in the company, valued at approximately $40,178,511.36. This trade represents a 2.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,508 shares of company stock worth $25,742,721. Insiders own 15.67% of the company's stock.

Duolingo Price Performance

Shares of DUOL opened at $271.18 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.81 and a current ratio of 2.81. The stock has a 50 day simple moving average of $348.75 and a 200 day simple moving average of $383.35. Duolingo, Inc. has a 52-week low of $204.00 and a 52-week high of $544.93. The firm has a market capitalization of $12.43 billion, a PE ratio of 111.60, a P/E/G ratio of 1.82 and a beta of 0.85.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DUOL shares. Argus started coverage on Duolingo in a research report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 price objective for the company. Raymond James Financial restated a "market perform" rating on shares of Duolingo in a research report on Tuesday, August 26th. DA Davidson cut Duolingo from a "buy" rating to a "neutral" rating and lowered their price target for the company from $500.00 to $300.00 in a research note on Thursday. Citigroup initiated coverage on Duolingo in a research note on Monday, August 18th. They issued a "buy" rating and a $400.00 price target for the company. Finally, Morgan Stanley upped their price target on Duolingo from $480.00 to $500.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Twelve analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $430.72.

Duolingo Company Profile

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.

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