Capital Fund Management Acquires 40,737 Shares of Duolingo

Capital Fund Management S.A. increased its stake in Duolingo, Inc. by 167.1% during the first quarter, according to its latest SEC filing. The fund now owns 65,114 shares after acquiring an additional 40,737 shares, representing 0.14% of Duolingo. Other hedge funds have also adjusted their positions in Duolingo. Raymond James Financial Inc. acquired a new position valued at approximately $6,677,000 in the fourth quarter. Mariner LLC increased its holdings by 7.2% in the fourth quarter, and First Trust Advisors LP grew its holdings by 67.6%. Shares of Duolingo traded down $13.65 to $331.87 on Friday. Duolingo has a one-year low of $202.38 and a high of $544.93. The company reported a return on equity of 13.32% and a net margin of 13.24%. Several analysts have issued reports with an average price target of $451.35.