Vanguard Personalized Indexing Management LLC Increases Holdings in Duolingo, Inc. $DUOL

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Duolingo, Inc. by 34.7% in Q2, now owning 3,437 shares valued at approximately $1.41 million.
• Insider sales included CFO Matthew Skaruppa selling 10,937 shares for about $3.47 million, resulting in a 20.15% decrease in his position, while the company saw total insider sales of 83,791 shares valued at $26.9 million during the last quarter.
• Brokerages have varied ratings for Duolingo; it has a consensus rating of "Hold" with an average target price of $416.68, while Zacks downgraded it from "strong-buy" to "hold."

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 34.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,437 shares of the company's stock after buying an additional 885 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Duolingo were worth $1,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DUOL. T. Rowe Price Investment Management Inc. boosted its holdings in shares of 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 purchasing an additional 520,069 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of 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 purchasing an additional 261,212 shares in the last quarter. Nuveen LLC bought a new stake in shares of Duolingo in the 1st quarter valued at about $42,950,000. 1832 Asset Management L.P. boosted its holdings in Duolingo by 746.9% during the 1st quarter. 1832 Asset Management L.P. now owns 137,200 shares of the company's stock valued at $42,606,000 after acquiring an additional 121,000 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Duolingo by 123.8% during the 1st quarter. AQR Capital Management LLC now owns 201,692 shares of the company's stock valued at $61,478,000 after acquiring an additional 111,589 shares during the period. 91.59% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Duolingo

In other news, CFO Matthew Skaruppa sold 10,937 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 43,345 shares of the company's stock, valued at approximately $13,757,269.55. This represents a 20.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Natalie Glance sold 3,283 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the completion of the transaction, the insider directly owned 116,171 shares of the company's stock, valued at $36,280,203.30. This represents a 2.75% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,791 shares of company stock valued at $26,918,301. Corporate insiders own 15.67% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DUOL. Zacks Research cut Duolingo from a "strong-buy" rating to a "hold" rating in a report on Monday, October 13th. JMP Securities dropped their target price on Duolingo from $475.00 to $450.00 and set a "market outperform" rating for the company in a report on Monday, July 28th. Barclays increased their target price on Duolingo from $375.00 to $390.00 and gave the company an "equal weight" rating in a report on Thursday, August 7th. KeyCorp upgraded Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 target price for the company in a report on Monday, August 18th. Finally, Baird R W upgraded Duolingo to a "hold" rating in a report on Friday, September 5th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $416.68.

Duolingo Trading Down 2.0%

DUOL opened at $324.02 on Friday. The business has a 50 day simple moving average of $313.72 and a two-hundred day simple moving average of $380.56. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 133.34, a PEG ratio of 2.18 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.81 and a quick ratio of 2.81. Duolingo, Inc. has a one year low of $256.63 and a one year high of $544.93.

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

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.

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