Baillie Gifford & Co. Has $910.11 Million Stake in Duolingo, Inc. $DUOL

Baillie Gifford & Co. raised its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 28.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,827,834 shares of the company’s stock after purchasing an additional 628,943 shares during the period. Duolingo makes up about 0.7% of Baillie Gifford & Co.’s portfolio, making the stock its 27th largest holding. Baillie Gifford & Co. owned approximately 6.17% of Duolingo worth $910,110,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Kiker Wealth Management LLC bought a new stake in shares of Duolingo in the second quarter valued at approximately $31,000. Emerald Mutual Fund Advisers Trust acquired a new position in Duolingo in the 2nd quarter valued at $40,000. Farther Finance Advisors LLC lifted its position in shares of Duolingo by 82.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 133 shares of the company’s stock valued at $43,000 after acquiring an additional 60 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Duolingo by 46.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 146 shares of the company’s stock worth $60,000 after purchasing an additional 46 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Duolingo during the 2nd quarter worth $62,000. 91.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

DUOL has been the subject of a number of analyst reports. The Goldman Sachs Group dropped their price target on Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Barclays dropped their target price on shares of Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. Truist Financial set a $245.00 price target on shares of Duolingo in a report on Thursday, January 15th. Scotiabank decreased their price objective on shares of Duolingo from $600.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 6th. Finally, BMO Capital Markets upgraded Duolingo to a “buy” rating in a research note on Monday, January 12th. Twelve research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $303.50.

Duolingo Price Performance

Shares of NASDAQ:DUOL opened at $155.98 on Friday. Duolingo, Inc. has a one year low of $142.10 and a one year high of $544.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.82 and a quick ratio of 2.82. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 0.81 and a beta of 0.87. The firm has a 50 day simple moving average of $177.82 and a 200 day simple moving average of $266.32.

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

Insider Transactions at Duolingo

In related news, CFO Matthew Skaruppa sold 3,059 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $175.76, for a total value of $537,649.84. Following the completion of the transaction, the chief financial officer owned 37,487 shares in the company, valued at $6,588,715.12. This trade represents a 7.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Natalie Glance sold 2,471 shares of Duolingo stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $175.79, for a total transaction of $434,377.09. Following the sale, the insider owned 111,166 shares in the company, valued at approximately $19,541,871.14. This represents a 2.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 43,169 shares of company stock valued at $8,457,951. Company insiders own 15.67% of the company’s stock.

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.