Duolingo, Inc. $DUOL Shares Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC raised its position in shares of Duolingo, Inc. (NASDAQ:DUOL) by 135.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,641 shares of the company’s stock after acquiring an additional 22,223 shares during the period. Aquatic Capital Management LLC owned approximately 0.08% of Duolingo worth $12,436,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its stake in shares of Duolingo by 28.6% in the 3rd quarter. Baillie Gifford & Co. now owns 2,827,834 shares of the company’s stock valued at $910,110,000 after purchasing an additional 628,943 shares in the last quarter. Norges Bank acquired a new stake in Duolingo during the 2nd quarter worth approximately $192,965,000. Balyasny Asset Management L.P. raised its holdings in Duolingo by 22,970.4% in the third quarter. Balyasny Asset Management L.P. now owns 415,268 shares of the company’s stock valued at $133,650,000 after buying an additional 413,468 shares during the period. AQR Capital Management LLC raised its holdings in Duolingo by 78.4% in the third quarter. AQR Capital Management LLC now owns 740,869 shares of the company’s stock valued at $238,441,000 after buying an additional 325,648 shares during the period. Finally, Capital International Investors acquired a new position in Duolingo during the third quarter valued at approximately $98,456,000. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Duolingo

In other Duolingo news, Director James H. Shelton bought 5,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average cost of $99.76 per share, for a total transaction of $498,800.00. Following the completion of the purchase, the director directly owned 9,632 shares of the company’s stock, valued at approximately $960,888.32. The trade was a 107.94% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Meese sold 1,000 shares of Duolingo stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $110.06, for a total value of $110,060.00. Following the sale, the insider directly owned 122,636 shares in the company, valued at approximately $13,497,318.16. The trade was a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 14,939 shares of company stock worth $1,676,291 over the last three months. Insiders own 18.30% of the company’s stock.

Duolingo Stock Up 3.7%

Shares of NASDAQ:DUOL opened at $98.39 on Monday. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 0.69 and a beta of 0.90. The company has a 50 day moving average of $128.43 and a two-hundred day moving average of $206.57. Duolingo, Inc. has a 52-week low of $91.99 and a 52-week high of $544.93. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Thursday, February 26th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.12. The business had revenue of $282.87 million for the quarter, compared to analysts’ expectations of $275.95 million. Duolingo had a net margin of 39.91% and a return on equity of 14.88%. Duolingo’s revenue was up 35.0% on a year-over-year basis. As a group, analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Duolingo from $185.00 to $160.00 and set an “underweight” rating for the company in a research note on Thursday, January 8th. The Goldman Sachs Group cut their target price on shares of Duolingo from $250.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. UBS Group set a $245.00 target price on shares of Duolingo in a report on Monday, January 5th. Needham & Company LLC decreased their price target on shares of Duolingo from $300.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $100.00 price target (down from $245.00) on shares of Duolingo in a report on Friday, February 27th. Five research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $206.32.

About Duolingo

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.