Lingotto Investment Management LLP Takes $10.25 Million Position in Duolingo, Inc. $DUOL

Lingotto Investment Management LLP bought a new position in Duolingo, Inc. (NASDAQ:DUOL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the company’s stock, valued at approximately $10,250,000. Duolingo accounts for about 0.2% of Lingotto Investment Management LLP’s holdings, making the stock its 27th biggest position. Lingotto Investment Management LLP owned 0.06% of Duolingo as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in DUOL. T. Rowe Price Investment Management Inc. increased its position in shares of Duolingo by 110.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 990,903 shares of the company’s stock valued at $307,716,000 after acquiring an additional 520,069 shares during the period. Norges Bank bought a new stake in shares of Duolingo in the second quarter worth about $192,965,000. Invesco Ltd. grew its stake in shares of Duolingo by 24.1% in the first quarter. Invesco Ltd. now owns 1,346,278 shares of the company’s stock worth $418,073,000 after purchasing an additional 261,212 shares during the last quarter. Nuveen LLC purchased a new position in Duolingo during the 1st quarter valued at about $42,950,000. Finally, 1832 Asset Management L.P. raised its position in Duolingo by 746.9% during the 1st quarter. 1832 Asset Management L.P. now owns 137,200 shares of the company’s stock valued at $42,606,000 after purchasing an additional 121,000 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

Shares of DUOL stock opened at $188.38 on Friday. The business’s fifty day moving average is $256.99 and its 200 day moving average is $340.66. 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 stock has a market cap of $8.71 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 1.16 and a beta of 0.86. Duolingo, Inc. has a twelve month low of $166.27 and a twelve month high of $544.93.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Duolingo from $465.00 to $300.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Wells Fargo & Company decreased their target price on Duolingo from $239.00 to $185.00 and set an “underweight” rating for the company in a report on Thursday, November 6th. DA Davidson dropped their price target on Duolingo from $220.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday. Zacks Research downgraded shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, UBS Group decreased their price objective on shares of Duolingo from $500.00 to $450.00 and set a “buy” rating for the company in a report on Monday, October 20th. Ten equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Duolingo presently has an average rating of “Hold” and a consensus price target of $339.74.

Insider Buying and Selling 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 stock was sold at an average price of $175.76, for a total transaction of $537,649.84. Following the completion of the transaction, the chief financial officer owned 37,487 shares of the company’s stock, valued at $6,588,715.12. This trade represents a 7.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $288.94, for a total value of $2,889,400.00. Following the completion of the sale, the insider directly owned 72 shares in the company, valued at $20,803.68. This trade represents a 99.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 76,452 shares of company stock valued at $18,736,132. Corporate insiders own 15.67% of the company’s stock.

About Duolingo

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.