AQR Capital Management LLC Purchases 64,217 Shares of Duolingo, Inc. (NASDAQ:DUOL)

AQR Capital Management LLC boosted its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 162.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,775 shares of the company’s stock after acquiring an additional 64,217 shares during the period. AQR Capital Management LLC’s holdings in Duolingo were worth $21,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pinnacle Wealth Planning Services Inc. raised its position in shares of Duolingo by 5.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 1,046 shares of the company’s stock worth $231,000 after purchasing an additional 55 shares during the period. 9258 Wealth Management LLC increased its stake in Duolingo by 4.4% in the 4th quarter. 9258 Wealth Management LLC now owns 1,529 shares of the company’s stock valued at $347,000 after buying an additional 65 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Duolingo by 3.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after buying an additional 73 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Duolingo by 19.5% during the second quarter. Nisa Investment Advisors LLC now owns 520 shares of the company’s stock valued at $109,000 after purchasing an additional 85 shares during the last quarter. Finally, Strategic Advocates LLC increased its stake in shares of Duolingo by 8.3% during the 2nd quarter. Strategic Advocates LLC now owns 1,149 shares of the company’s stock worth $240,000 after purchasing an additional 88 shares during the last quarter. 91.59% of the stock is currently owned by institutional investors.

Duolingo Trading Up 1.4 %

Shares of Duolingo stock opened at $282.02 on Tuesday. The company has a market capitalization of $12.16 billion, a P/E ratio of 290.74 and a beta of 0.76. The stock has a fifty day simple moving average of $210.30 and a 200 day simple moving average of $206.31. Duolingo, Inc. has a 12-month low of $140.16 and a 12-month high of $297.56. The company has a current ratio of 3.28, a quick ratio of 3.28 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The firm had revenue of $178.30 million during the quarter, compared to analyst estimates of $177.13 million. During the same quarter in the prior year, the business posted $0.08 EPS. The business’s revenue was up 40.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $250.00 price target on shares of Duolingo in a report on Tuesday, September 10th. Barclays cut their price objective on shares of Duolingo from $230.00 to $183.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Wolfe Research assumed coverage on Duolingo in a report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of Duolingo from $255.00 to $303.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Needham & Company LLC boosted their price objective on Duolingo from $245.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $255.50.

Insider Buying and Selling at Duolingo

In other news, General Counsel Stephen C. Chen sold 19,464 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $211.55, for a total value of $4,117,609.20. Following the transaction, the general counsel now owns 35,558 shares in the company, valued at approximately $7,522,294.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Natalie Glance sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $161.78, for a total transaction of $242,670.00. Following the completion of the sale, the insider now owns 144,282 shares in the company, valued at $23,341,941.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Stephen C. Chen sold 19,464 shares of Duolingo stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $211.55, for a total transaction of $4,117,609.20. Following the completion of the sale, the general counsel now directly owns 35,558 shares in the company, valued at approximately $7,522,294.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,374 shares of company stock worth $18,444,907. Insiders own 18.30% of the company’s stock.

Duolingo 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.