Wellington Management Group LLP Has $6.20 Million Stock Holdings in Duolingo, Inc. $DUOL

Key Points

• Wellington Management Group LLP increased its stake in Duolingo, Inc. by 540.6%, purchasing an additional 16,840 shares, bringing its total holdings to approximately $6.2 million.
• Duolingo's shares had a good performance, with a recent price of $322.78, following a 41.5% year-over-year revenue growth and an EPS of $0.91 in the last quarter, surpassing analysts' expectations.
• Analysts maintain a consensus rating of "Moderate Buy" for Duolingo, with a price target of $451.35, reflecting confidence in the company's future performance amidst recent institutional investment activity.

Wellington Management Group LLP raised its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 540.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,955 shares of the company's stock after buying an additional 16,840 shares during the quarter. Wellington Management Group LLP's holdings in Duolingo were worth $6,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Duolingo by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 101,609 shares of the company's stock worth $32,946,000 after purchasing an additional 5,910 shares during the period. Quarry LP raised its position in shares of Duolingo by 250.0% during the fourth quarter. Quarry LP now owns 91 shares of the company's stock worth $30,000 after purchasing an additional 65 shares during the period. Northern Trust Corp raised its position in shares of Duolingo by 18.6% during the fourth quarter. Northern Trust Corp now owns 296,457 shares of the company's stock worth $96,120,000 after purchasing an additional 46,442 shares during the period. Lido Advisors LLC raised its position in Duolingo by 0.3% in the 4th quarter. Lido Advisors LLC now owns 10,104 shares of the company's stock valued at $3,276,000 after buying an additional 30 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Duolingo by 1.0% in the 4th quarter. AQR Capital Management LLC now owns 90,103 shares of the company's stock valued at $29,117,000 after buying an additional 924 shares during the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DUOL. Argus began coverage on Duolingo in a research report on Wednesday, June 25th. They issued a "buy" rating and a $575.00 target price on the stock. DA Davidson dropped their target price on Duolingo from $600.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. KeyCorp upgraded Duolingo from a "sector weight" rating to an "overweight" rating and set a $460.00 price target for the company in a research note on Monday, August 18th. Barclays raised their price target on Duolingo from $375.00 to $390.00 and gave the company an "equal weight" rating in a research note on Thursday, August 7th. Finally, Raymond James Financial restated a "market perform" rating on shares of Duolingo in a research note on Tuesday, August 26th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $451.35.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded down $24.92 during midday trading on Friday, hitting $297.86. 2,277,333 shares of the company's stock were exchanged, compared to its average volume of 2,284,161. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. Duolingo, Inc. has a 12 month low of $202.44 and a 12 month high of $544.93. The company's 50 day moving average price is $362.04 and its 200 day moving average price is $388.25. The firm has a market capitalization of $13.65 billion, a PE ratio of 122.58, a price-to-earnings-growth ratio of 1.99 and a beta of 0.85.

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

Insider Buying and Selling at Duolingo

In related news, insider Natalie Glance sold 2,533 shares of Duolingo 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 $833,432.99. Following the completion of the sale, the insider directly owned 122,112 shares of the company's stock, valued at approximately $40,178,511.36. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert Meese sold 1,444 shares of Duolingo 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 $475,119.32. Following the sale, the insider directly owned 120,080 shares of the company's stock, valued at approximately $39,509,922.40. The trade was a 1.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 80,508 shares of company stock worth $30,993,721 in the last 90 days. Company insiders own 18.30% of the company's stock.

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.