Baillie Gifford & Co. Trims Position in Duolingo, Inc. (NASDAQ:DUOL)

Baillie Gifford & Co. cut its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,740,102 shares of the company's stock after selling 460,809 shares during the period. Baillie Gifford & Co. owned approximately 6.23% of Duolingo worth $888,423,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DUOL. FMR LLC lifted its stake in Duolingo by 26.9% in the third quarter. FMR LLC now owns 2,663,234 shares of the company's stock worth $751,085,000 after purchasing an additional 564,173 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company's stock valued at $100,135,000 after acquiring an additional 353,918 shares during the last quarter. Spyglass Capital Management LLC bought a new position in shares of Duolingo during the third quarter valued at about $38,512,000. Charles Schwab Investment Management Inc. raised its stake in shares of Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company's stock valued at $96,530,000 after acquiring an additional 101,653 shares during the last quarter. Finally, Bamco Inc. NY bought a new position in shares of Duolingo during the third quarter valued at about $25,808,000. 91.59% of the stock is owned by institutional investors.

Duolingo Stock Down 2.1 %

Shares of NASDAQ DUOL traded down $9.06 during midday trading on Wednesday, hitting $432.33. The stock had a trading volume of 539,918 shares, compared to its average volume of 611,451. The business's 50 day moving average is $352.61 and its 200-day moving average is $300.03. The company has a market cap of $19.02 billion, a P/E ratio of 236.55 and a beta of 0.89. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Insider Transactions at Duolingo

In related news, CFO Matthew Skaruppa sold 4,464 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $313.55, for a total transaction of $1,399,687.20. Following the transaction, the chief financial officer now owns 63,266 shares in the company, valued at $19,837,054.30. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 289,624 shares of company stock worth $98,478,298. Corporate insiders own 18.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DUOL shares. JMP Securities reaffirmed a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Seaport Res Ptn cut shares of Duolingo from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 7th. Barclays boosted their price target on shares of Duolingo from $183.00 to $295.00 and gave the company an "equal weight" rating in a research report on Thursday, November 7th. Bank of America cut shares of Duolingo from a "buy" rating to a "neutral" rating and boosted their price target for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Finally, UBS Group upped their price objective on shares of Duolingo from $408.00 to $410.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $355.55.

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.