Caxton Associates LLP Makes New $1.37 Million Investment in Duolingo, Inc. $DUOL

Caxton Associates LLP purchased a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,352 shares of the company’s stock, valued at approximately $1,374,000.

Several other hedge funds have also made changes to their positions in DUOL. T. Rowe Price Investment Management Inc. grew its position in Duolingo by 110.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock worth $307,716,000 after purchasing an additional 520,069 shares in the last quarter. Norges Bank acquired a new stake in shares of Duolingo in the second quarter worth $192,965,000. AQR Capital Management LLC grew its holdings in shares of Duolingo by 105.9% during the second quarter. AQR Capital Management LLC now owns 415,221 shares of the company’s stock valued at $170,249,000 after buying an additional 213,529 shares in the last quarter. Man Group plc grew its holdings in shares of Duolingo by 248.5% during the second quarter. Man Group plc now owns 211,344 shares of the company’s stock valued at $86,655,000 after buying an additional 150,695 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in Duolingo by 746.9% in the 1st quarter. 1832 Asset Management L.P. now owns 137,200 shares of the company’s stock worth $42,606,000 after acquiring an additional 121,000 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DUOL. Citigroup cut Duolingo from a “buy” rating to a “market perform” rating in a research note on Thursday, November 6th. Wall Street Zen cut shares of Duolingo from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. JPMorgan Chase & Co. dropped their price objective on shares of Duolingo from $465.00 to $300.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Robert W. Baird assumed coverage on shares of Duolingo in a research report on Friday, September 5th. They issued a “neutral” rating and a $280.00 target price for the company. Finally, Wells Fargo & Company decreased their target price on shares of Duolingo from $239.00 to $185.00 and set an “underweight” rating for the company in a research note on Thursday, November 6th. Ten analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Duolingo has an average rating of “Hold” and an average price target of $329.44.

Duolingo Stock Down 5.3%

Shares of DUOL stock opened at $185.97 on Tuesday. The stock’s 50 day simple moving average is $240.21 and its 200 day simple moving average is $322.33. Duolingo, Inc. has a twelve month low of $166.27 and a twelve month high of $544.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 1.23 and a beta of 0.86.

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

Insider Buying and Selling at Duolingo

In related news, insider Natalie Glance sold 2,471 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $175.79, for a total value of $434,377.09. Following the transaction, the insider directly owned 111,166 shares in the company, valued at approximately $19,541,871.14. This trade represents a 2.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Stephen C. Chen sold 1,514 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $175.87, for a total transaction of $266,267.18. Following the transaction, the general counsel directly owned 31,542 shares of the company’s stock, valued at approximately $5,547,291.54. This represents a 4.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 76,452 shares of company stock worth $18,736,132 in the last quarter. 18.30% of the stock is owned by corporate insiders.

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.