90,087 Shares in Duolingo, Inc. $DUOL Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership acquired a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 90,087 shares of the company’s stock, valued at approximately $36,937,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DUOL. Bryce Point Capital LLC acquired a new stake in Duolingo in the second quarter valued at about $946,000. Vanguard Group Inc. raised its stake in Duolingo by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after acquiring an additional 116,135 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Duolingo in the second quarter worth about $14,377,000. Rhumbline Advisers lifted its holdings in shares of Duolingo by 17.2% in the second quarter. Rhumbline Advisers now owns 124,376 shares of the company’s stock worth $50,997,000 after acquiring an additional 18,210 shares during the last quarter. Finally, Jefferies Financial Group Inc. boosted its stake in shares of Duolingo by 117.0% in the 2nd quarter. Jefferies Financial Group Inc. now owns 26,367 shares of the company’s stock valued at $10,811,000 after purchasing an additional 14,219 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. DA Davidson lowered their price objective on shares of Duolingo from $220.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday. Needham & Company LLC decreased their target price on shares of Duolingo from $460.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen cut Duolingo from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Robert W. Baird began coverage on Duolingo in a report on Friday, September 5th. They set a “neutral” rating and a $280.00 price objective on the stock. Finally, Evercore ISI set a $330.00 price objective on Duolingo and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Ten research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $339.74.

Insider Activity

In other news, General Counsel Stephen C. Chen sold 1,514 shares of Duolingo stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $175.87, for a total value of $266,267.18. Following the completion of the transaction, the general counsel directly owned 31,542 shares of the company’s stock, valued at approximately $5,547,291.54. This trade represents a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Matthew Skaruppa sold 3,059 shares of the business’s stock in a transaction dated 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 directly owned 37,487 shares in the company, valued at $6,588,715.12. This represents a 7.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 76,452 shares of company stock worth $18,736,132. 15.67% of the stock is owned by insiders.

Duolingo Stock Up 6.0%

Shares of NASDAQ DUOL opened at $199.75 on Friday. The company’s 50 day moving average price is $254.46 and its 200-day moving average price is $338.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. Duolingo, Inc. has a 52-week low of $166.27 and a 52-week high of $544.93. The company has a market capitalization of $9.23 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 1.18 and a beta of 0.86.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $5.95 earnings per share 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 analysts’ expectations of $260.14 million. During the same period in the prior year, the company posted $0.49 earnings per share. Duolingo’s revenue for the quarter was up 41.1% compared to the same quarter last year. Equities analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.