Bridgewater Advisors Inc. Invests $696,000 in Duolingo, Inc. (NASDAQ:DUOL)

Bridgewater Advisors Inc. purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,242 shares of the company's stock, valued at approximately $696,000.

Other hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in Duolingo in the first quarter worth approximately $25,000. Quarry LP lifted its holdings in shares of Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares during the period. Garde Capital Inc. acquired a new stake in shares of Duolingo in the first quarter valued at $31,000. Harvest Fund Management Co. Ltd boosted its stake in Duolingo by 5,050.0% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after buying an additional 101 shares in the last quarter. Finally, Whittier Trust Co. acquired a new position in Duolingo during the first quarter worth about $33,000. Institutional investors own 91.59% of the company's stock.

Duolingo Stock Down 4.5%

DUOL traded down $16.96 during trading on Wednesday, reaching $361.35. 1,110,678 shares of the stock traded hands, compared to its average volume of 736,364. The stock's 50-day simple moving average is $470.33 and its two-hundred day simple moving average is $389.12. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.68 and a quick ratio of 2.68. Duolingo, Inc. has a fifty-two week low of $145.05 and a fifty-two week high of $544.93. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 178.01, a price-to-earnings-growth ratio of 2.89 and a beta of 0.89.

Duolingo (NASDAQ:DUOL - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.20. Duolingo had a net margin of 11.93% and a return on equity of 11.70%. The firm had revenue of $230.74 million during the quarter, compared to analysts' expectations of $223.15 million. The firm's revenue for the quarter was up 37.6% compared to the same quarter last year. As a group, equities research analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In other Duolingo news, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $314.36, for a total transaction of $3,143,600.00. Following the completion of the sale, the insider owned 72 shares of the company's stock, valued at $22,633.92. This represents a 99.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Meese sold 10,000 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $367.65, for a total transaction of $3,676,500.00. Following the completion of the sale, the insider owned 123,805 shares of the company's stock, valued at $45,516,908.25. The trade was a 7.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,000 shares of company stock worth $27,646,500 over the last three months. 18.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Scotiabank boosted 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. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $500.00 to $580.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Piper Sandler set a $375.00 target price on Duolingo in a report on Friday, May 2nd. Argus began coverage on Duolingo in a research report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 price target for the company. Finally, Barclays lifted their price target on Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Duolingo presently has a consensus rating of "Moderate Buy" and an average price target of $441.20.

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.