Baillie Gifford & Co. Has $902.72 Million Stake in Duolingo, Inc. (NASDAQ:DUOL)

Baillie Gifford & Co. cut its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,200,911 shares of the company's stock after selling 215,192 shares during the quarter. Baillie Gifford & Co. owned approximately 7.35% of Duolingo worth $902,721,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DUOL. Larson Financial Group LLC acquired a new position in Duolingo during the 2nd quarter valued at approximately $31,000. Blue Trust Inc. acquired a new stake in shares of Duolingo during the second quarter worth $32,000. GAMMA Investing LLC raised its position in shares of Duolingo by 350.0% during the second quarter. GAMMA Investing LLC now owns 171 shares of the company's stock worth $36,000 after purchasing an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Duolingo during the second quarter worth $36,000. Finally, Farther Finance Advisors LLC grew its stake in Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock valued at $36,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Stock Performance

Shares of NASDAQ DUOL traded down $2.96 during trading hours on Tuesday, hitting $315.27. 218,460 shares of the company's stock were exchanged, compared to its average volume of 699,754. The company's 50-day moving average price is $272.96 and its 200-day moving average price is $222.38. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.28. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 173.90 and a beta of 0.79. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $330.61.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $192.59 million during the quarter, compared to analysts' expectations of $189.19 million. During the same period in the prior year, the firm posted $0.06 EPS. Duolingo's quarterly revenue was up 39.9% compared to the same quarter last year. On average, sell-side analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on DUOL. Wolfe Research began coverage on Duolingo in a research note on Tuesday, July 16th. They issued a "peer perform" rating on the stock. JPMorgan Chase & Co. upped their price target on Duolingo from $303.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. JMP Securities downgraded Duolingo from an "outperform" rating to a "market perform" rating in a research note on Monday, October 14th. DA Davidson upped their price target on Duolingo from $250.00 to $350.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Finally, Piper Sandler upped their price target on Duolingo from $271.00 to $351.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $325.44.

Insider Buying and Selling

In related news, General Counsel Stephen C. Chen sold 19,464 shares of the stock in a transaction that occurred on 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 sale, the general counsel now directly owns 35,558 shares in the company, valued at $7,522,294.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Natalie Glance sold 1,500 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the sale, the insider now directly owns 136,760 shares in the company, valued at $42,855,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Stephen C. Chen sold 19,464 shares of the business's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the completion of the sale, the general counsel now owns 35,558 shares in the company, valued at approximately $7,522,294.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,374 shares of company stock worth $15,802,382 in the last three months. 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.