Bryce Point Capital LLC Makes New $946,000 Investment in Duolingo, Inc. $DUOL

Key Points

• Bryce Point Capital LLC has made a new investment of approximately $946,000 in Duolingo, acquiring 2,306 shares, which represents about 0.8% of the firm’s total holdings.
• Duolingo's earnings report showed a 41.5% year-over-year revenue increase, with a quarterly revenue of $252.27 million and an EPS of $0.91, exceeding analysts' expectations.
• Majority of Duolingo stock is held by institutional investors, with 91.59% ownership, indicating a strong interest from firms like Invesco and T. Rowe Price.

Bryce Point Capital LLC bought a new position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,306 shares of the company's stock, valued at approximately $946,000. Duolingo makes up about 0.8% of Bryce Point Capital LLC's holdings, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in Duolingo by 24.1% in the 1st quarter. Invesco Ltd. now owns 1,346,278 shares of the company's stock worth $418,073,000 after buying an additional 261,212 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Duolingo by 110.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company's stock worth $307,716,000 after buying an additional 520,069 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Duolingo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 431,464 shares of the company's stock worth $133,987,000 after buying an additional 1,506 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Duolingo by 23.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 214,594 shares of the company's stock worth $66,640,000 after buying an additional 40,812 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Duolingo by 123.8% in the 1st quarter. AQR Capital Management LLC now owns 201,692 shares of the company's stock worth $61,478,000 after buying an additional 111,589 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Insider Activity

In related news, CFO Matthew Skaruppa sold 10,937 shares of Duolingo stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $317.39, for a total value of $3,471,294.43. Following the transaction, the chief financial officer owned 43,345 shares in the company, valued at $13,757,269.55. This trade represents a 20.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Friday, September 19th. The stock was sold at an average price of $288.94, for a total transaction of $2,889,400.00. Following the completion of the transaction, the insider owned 72 shares in the company, valued at $20,803.68. This trade represents a 99.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 73,791 shares of company stock worth $23,018,101. Insiders own 18.30% of the company's stock.

Duolingo Stock Performance

Shares of DUOL opened at $264.93 on Tuesday. The company has a market capitalization of $12.14 billion, a PE ratio of 109.02, a price-to-earnings-growth ratio of 1.78 and a beta of 0.83. Duolingo, Inc. has a one year low of $256.63 and a one year high of $544.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. The company's fifty day moving average price is $304.51 and its 200 day moving average price is $380.02.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DUOL shares. KeyCorp upgraded shares of Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 target price for the company in a research report on Monday, August 18th. Citizens Jmp cut their price target on shares of Duolingo from $475.00 to $450.00 and set a "mkt outperform" rating on the stock in a report on Monday, July 28th. Morgan Stanley upped their price objective on shares of Duolingo from $480.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Baird R W upgraded shares of Duolingo to a "hold" rating in a report on Friday, September 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Duolingo from $515.00 to $465.00 and set an "overweight" rating for the company in a report on Monday, October 13th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $414.05.

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.

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