Arthedge Capital Management LLC Has $13.13 Million Stock Holdings in Duolingo, Inc. $DUOL

Arthedge Capital Management LLC increased its position in Duolingo, Inc. (NASDAQ:DUOL) by 68.8% in the 4th quarter, Holdings Channel reports. The firm owned 74,800 shares of the company’s stock after buying an additional 30,500 shares during the quarter. Duolingo comprises approximately 8.6% of Arthedge Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Arthedge Capital Management LLC’s holdings in Duolingo were worth $13,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of DUOL. NewEdge Advisors LLC lifted its holdings in shares of Duolingo by 1,868.2% during the first quarter. NewEdge Advisors LLC now owns 433 shares of the company’s stock valued at $134,000 after acquiring an additional 411 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Duolingo by 123.9% during the first quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company’s stock valued at $27,190,000 after acquiring an additional 48,451 shares during the period. Focus Partners Wealth lifted its holdings in shares of Duolingo by 28.3% during the first quarter. Focus Partners Wealth now owns 2,021 shares of the company’s stock valued at $628,000 after acquiring an additional 446 shares during the period. Amundi lifted its holdings in shares of Duolingo by 142.1% during the second quarter. Amundi now owns 26,075 shares of the company’s stock valued at $10,352,000 after acquiring an additional 15,306 shares during the period. Finally, Gabelli Funds LLC bought a new position in shares of Duolingo during the second quarter valued at $205,000. 91.59% of the stock is owned by institutional investors.

Duolingo Price Performance

Shares of DUOL stock opened at $123.39 on Thursday. The stock has a 50-day moving average price of $107.81 and a 200 day moving average price of $128.52. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.07. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 0.97 and a beta of 0.89. Duolingo, Inc. has a 12 month low of $87.89 and a 12 month high of $483.03.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The firm had revenue of $291.97 million during the quarter, compared to analyst estimates of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The company’s revenue was up 26.5% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. Research analysts expect that Duolingo, Inc. will post 2.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DUOL. Scotiabank reissued a “sector perform” rating and set a $100.00 price objective (down from $300.00) on shares of Duolingo in a report on Friday, February 27th. UBS Group reissued a “neutral” rating on shares of Duolingo in a report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Duolingo from $92.00 to $94.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Barclays cut their price objective on Duolingo from $230.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, March 2nd. Finally, Evercore set a $97.00 price objective on Duolingo in a report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Duolingo currently has a consensus rating of “Hold” and an average price target of $197.61.

Insider Buying and Selling

In related news, insider Natalie Glance sold 3,360 shares of Duolingo stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $113.59, for a total value of $381,662.40. Following the completion of the sale, the insider directly owned 173,401 shares in the company, valued at $19,696,619.59. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Robert Meese sold 1,420 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $112.16, for a total value of $159,267.20. Following the transaction, the insider owned 170,745 shares of the company’s stock, valued at $19,150,759.20. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 9,506 shares of company stock worth $1,073,864 over the last three months. 16.62% of the stock is currently owned by company insiders.

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.