1832 Asset Management L.P. Has $42.61 Million Stock Position in Duolingo, Inc. $DUOL

Key Points

• 1832 Asset Management L.P. increased its holdings in Duolingo, Inc. by 746.9% in the first quarter, acquiring a total of 137,200 shares, which are valued at approximately $42.6 million.
• Company insiders have sold a total of 68,056 shares in the last quarter, resulting in a 15.67% ownership by insiders, while institutional investors hold around 91.59% of the stock.
• Analysts have a consensus rating of "Moderate Buy" for Duolingo, with a target price averaging $451.35 after recent changes in ratings from various brokerages.

1832 Asset Management L.P. grew its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 746.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,200 shares of the company's stock after acquiring an additional 121,000 shares during the quarter. 1832 Asset Management L.P. owned 0.30% of Duolingo worth $42,606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of DUOL. CW Advisors LLC bought a new position in Duolingo in the first quarter worth $3,299,000. Atika Capital Management LLC lifted its position in Duolingo by 33.9% in the first quarter. Atika Capital Management LLC now owns 23,300 shares of the company's stock worth $7,236,000 after purchasing an additional 5,900 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in Duolingo by 110.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company's stock worth $307,716,000 after purchasing an additional 520,069 shares during the period. Capital Fund Management S.A. lifted its position in Duolingo by 167.1% in the first quarter. Capital Fund Management S.A. now owns 65,114 shares of the company's stock worth $20,221,000 after purchasing an additional 40,737 shares during the period. Finally, Hsbc Holdings PLC lifted its position in Duolingo by 39.0% in the first quarter. Hsbc Holdings PLC now owns 3,186 shares of the company's stock worth $995,000 after purchasing an additional 894 shares during the period. 91.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays raised their target price on Duolingo from $375.00 to $390.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price objective on Duolingo from $500.00 to $515.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Wall Street Zen cut Duolingo from a "buy" rating to a "hold" rating in a report on Friday. The Goldman Sachs Group lifted their price objective on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, DA Davidson cut their price objective on Duolingo from $600.00 to $500.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. Thirteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $451.35.

Duolingo Stock Down 3.1%

Shares of NASDAQ:DUOL traded down $10.43 during trading on Monday, hitting $321.44. 1,424,406 shares of the company's stock traded hands, compared to its average volume of 2,182,066. Duolingo, Inc. has a 52 week low of $202.38 and a 52 week high of $544.93. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10. The company has a market cap of $14.73 billion, a price-to-earnings ratio of 132.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. The company has a 50-day moving average price of $375.06 and a 200-day moving average price of $390.47.

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

Insider Transactions at Duolingo

In other Duolingo news, CFO Matthew Skaruppa sold 2,797 shares of the business'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 value of $920,296.91. Following the sale, the chief financial officer owned 52,904 shares in the company, valued at approximately $17,407,003.12. The trade was a 5.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Stephen C. Chen sold 1,282 shares of the business'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 value of $421,816.46. Following the transaction, the general counsel directly owned 34,153 shares in the company, valued at $11,237,361.59. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,056 shares of company stock worth $27,035,566. Corporate insiders own 18.30% of the company's stock.

Duolingo 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.