Baillie Gifford & Co. Decreases Stake in Duolingo, Inc. (NASDAQ:DUOL)

Baillie Gifford & Co. lowered its stake in Duolingo, Inc. (NASDAQ:DUOL) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and 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 0.06% of Duolingo worth $888,423,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DUOL. FMR LLC raised its holdings in shares of Duolingo by 26.9% during 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 holdings 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 worth $100,135,000 after purchasing an additional 353,918 shares during the last quarter. Spyglass Capital Management LLC purchased a new position in shares of Duolingo during the third quarter worth $38,512,000. Charles Schwab Investment Management Inc. raised its holdings 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 worth $96,530,000 after purchasing an additional 101,653 shares during the last quarter. Finally, Bamco Inc. NY purchased a new position in shares of Duolingo during the third quarter worth $25,808,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on DUOL shares. Jefferies Financial Group started coverage on shares of Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 target price for the company. Bank of America lowered shares of Duolingo from a “buy” rating to a “neutral” rating and raised their price target for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Scotiabank initiated coverage on shares of Duolingo in a research report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target on the stock. DA Davidson raised their price target on shares of Duolingo from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Finally, Barclays raised 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. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $355.55.

Insider Activity

In related news, CEO Ahn Luis Von sold 41,759 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $340.29, for a total transaction of $14,210,170.11. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00. Following the transaction, the insider now owns 132,239 shares in the company, valued at $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 289,624 shares of company stock worth $98,478,298 over the last 90 days. 18.30% of the stock is currently owned by company insiders.

Duolingo Stock Up 0.6 %

Shares of NASDAQ DUOL opened at $432.69 on Monday. The company’s 50-day simple moving average is $349.58 and its 200-day simple moving average is $296.17. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $436.98. The firm has a market cap of $19.03 billion, a price-to-earnings ratio of 236.44 and a beta of 0.89. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

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.