Arrowstreet Capital Limited Partnership Makes New $36.94 Million Investment in Duolingo, Inc. $DUOL

Arrowstreet Capital Limited Partnership purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 90,087 shares of the company’s stock, valued at approximately $36,937,000. Arrowstreet Capital Limited Partnership owned about 0.20% of Duolingo at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DUOL. Rise Advisors LLC raised its holdings in shares of Duolingo by 43.6% in the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after purchasing an additional 24 shares during the period. Summit Securities Group LLC bought a new position in Duolingo during the first quarter worth about $28,000. Brooklyn Investment Group increased its position in Duolingo by 4,750.0% during the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after buying an additional 95 shares during the last quarter. Kiker Wealth Management LLC bought a new stake in Duolingo in the second quarter valued at approximately $31,000. Finally, SouthState Corp lifted its position in shares of Duolingo by 1,018.2% in the first quarter. SouthState Corp now owns 123 shares of the company’s stock valued at $38,000 after buying an additional 112 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DUOL. Zacks Research downgraded Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Citigroup downgraded Duolingo from a “buy” rating to a “market perform” rating in a report on Thursday, November 6th. Robert W. Baird initiated coverage on shares of Duolingo in a report on Friday, September 5th. They issued a “neutral” rating and a $280.00 price objective on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Duolingo in a research report on Tuesday, November 25th. Finally, Evercore ISI set a $330.00 target price on shares of Duolingo and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $339.74.

Duolingo Stock Performance

NASDAQ DUOL opened at $199.75 on Friday. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $9.23 billion, a P/E ratio of 25.32, a P/E/G ratio of 1.18 and a beta of 0.86. Duolingo, Inc. has a 12-month low of $166.27 and a 12-month high of $544.93. The firm has a 50-day moving average price of $254.46 and a two-hundred day moving average price of $338.43.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, topping the consensus estimate of $0.72 by $5.23. The company had revenue of $271.71 million for the quarter, compared to analysts’ expectations of $260.14 million. Duolingo had a net margin of 40.03% and a return on equity of 14.02%. The business’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. Analysts anticipate that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling at Duolingo

In other news, insider Natalie Glance sold 3,283 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total transaction of $1,025,280.90. Following the completion of the sale, the insider directly owned 116,171 shares in the company, valued at approximately $36,280,203.30. This represents a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Skaruppa sold 3,059 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $175.76, for a total value of $537,649.84. Following the sale, the chief financial officer directly owned 37,487 shares in the company, valued at approximately $6,588,715.12. This trade represents a 7.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 76,452 shares of company stock valued at $18,736,132 in the last three months. Corporate insiders own 15.67% 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.