Fieldview Capital Management LLC Grows Holdings in Duolingo, Inc. $DUOL

Fieldview Capital Management LLC grew its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 108.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,239 shares of the company’s stock after buying an additional 8,950 shares during the quarter. Fieldview Capital Management LLC’s holdings in Duolingo were worth $3,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DUOL. Baillie Gifford & Co. raised its position in shares of Duolingo by 71.9% during the 4th quarter. Baillie Gifford & Co. now owns 4,861,445 shares of the company’s stock valued at $853,184,000 after acquiring an additional 2,033,611 shares in the last quarter. State of Michigan Retirement System increased its position in Duolingo by 5,800.0% in the fourth quarter. State of Michigan Retirement System now owns 560,500 shares of the company’s stock worth $98,368,000 after buying an additional 551,000 shares during the period. Norges Bank acquired a new position in shares of Duolingo during the fourth quarter valued at $86,159,000. Balyasny Asset Management L.P. increased its holdings in shares of Duolingo by 22,970.4% during the third quarter. Balyasny Asset Management L.P. now owns 415,268 shares of the company’s stock valued at $133,650,000 after purchasing an additional 413,468 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Duolingo by 78.4% during the third quarter. AQR Capital Management LLC now owns 740,869 shares of the company’s stock valued at $238,441,000 after purchasing an additional 325,648 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Duolingo

In other Duolingo news, insider Natalie Glance sold 3,360 shares of the business’s 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 transaction, the insider directly owned 173,401 shares of the company’s stock, valued at approximately $19,696,619.59. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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, General Counsel Stephen C. Chen sold 1,977 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $113.61, for a total value of $224,606.97. Following the completion of the transaction, the general counsel directly owned 52,807 shares of the company’s stock, valued at approximately $5,999,403.27. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold a total of 9,506 shares of company stock worth $1,073,864 over the last 90 days. 16.62% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on DUOL. DA Davidson raised their target price on Duolingo from $90.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday. Truist Financial lowered Duolingo from a “buy” rating to a “hold” rating and set a $100.00 price objective for the company. in a research report on Friday, February 27th. Morgan Stanley cut their price target on Duolingo from $100.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 5th. Zacks Research raised Duolingo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $100.00 target price on shares of Duolingo in a report on Friday, February 27th. Three investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $197.61.

Duolingo Price Performance

Shares of DUOL stock opened at $122.63 on Friday. The stock’s fifty day simple moving average is $106.08 and its 200 day simple moving average is $130.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 0.93 and a beta of 0.89. Duolingo, Inc. has a one year low of $87.89 and a one year high of $489.00.

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

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.