Axxion S.A. 13F: Cuts Duolingo (DUOL) Stake by $994K

Axxion S.A. reduced its holdings in Duolingo, Inc. [DUOL] by 65.8%, cutting 6,978 shares during the period. According to a Form 13F filed with the Securities and Exchange Commission on October 22, 2026, the firm ended the period with 3,632 shares valued at approximately $517,197, down from its prior total of 10,610 shares.

DUOL Duolingo, Inc.

$141.39 ▼ -19.88% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Axxion S.A.'s Duolingo Position

The fund trimmed its exposure significantly during the period, removing 6,978 shares from its portfolio. This reduction brought its total remaining stake down to 3,632 shares. Based on the filing date valuation, the remaining position stands at $517,197.

Other Institutional Activity in Duolingo

Baillie Gifford & Co. reduced its holdings by 51,685 shares, ending with 4,824,298 shares worth about $682,107,491. AQR Capital Management, LLC grew its holdings by 2,222,495 shares, ending with 2,332,543 shares worth about $329,798,253, marking a 2019.6% increase. Two Sigma Investments, LP grew its holdings by 233,746 shares, ending with 1,629,242 shares worth about $230,358,525, which is a 16.8% increase. FIL Ltd reduced its holdings by 19,312 shares, ending with 1,603,554 shares worth about $226,726,499, a 1.2% decrease. Federated Hermes, Inc. grew its holdings by 118,787 shares, ending with 1,371,817 shares worth about $193,961,204, a 9.5% increase.

Duolingo, Inc. Stock Up 1.3%

Duolingo recently traded around $141.43 as of October 23, 2026. The stock sits 2.7% below its 50-day moving average of $145.38 and 13.1% above its 200-day moving average of $125.00. It trades 56.1% below its 52-week high of $322.09 and 60.9% above its 52-week low of $87.89. The company carries a market capitalization of roughly $6.40 billion.

Recent Earnings

Duolingo reported trailing twelve-month revenue of $1.15 billion alongside earnings of $8.42 per share. The company generated a net profit margin of 35.9% and a return on equity of 34.4%. Investors look ahead to the company's next earnings release on November 3, 2026.

Insider Buying and Selling at Duolingo, Inc.

Director William Bingham Gordon sold 10,000 shares on September 8, 2026, for a total value of $1,456,736. General Counsel Stephen C. Chen sold 8,072 shares on September 14, 2026, for a total value of $1,205,385. Chief Executive Officer Ahn Luis Arellano Von sold 40,980 shares on September 22, 2026, for $6,173,727, and later sold 46,682 shares on September 24, 2026, for $7,031,794.

Analysts Set New Price Targets

On August 27, 2026, JP Morgan maintained a Neutral rating on the stock while raising its target from $125.00 to $135.00. Evercore ISI Group upgraded the stock to Outperform on September 1, 2026, lifting its target from $105.00 to $210.00. DA Davidson maintained a Buy rating on September 1, 2026, raising its target from $160.00 to $175.00, and subsequently maintained that Buy rating with a $175.00 target on September 14 and September 29, 2026. Across 18 analyst opinions, the stock carries a consensus hold recommendation and a mean price target of $135.40.

About Duolingo

Duolingo, Inc. runs a mobile learning platform that offers courses across dozens of languages through its application, alongside a digital English proficiency exam. Incorporated in 2011 and based in Pittsburgh, Pennsylvania, the company reaches users internationally through its gamified educational interface.

Bottom Line

Institutional portfolio shifts highlight how major firms adjusted their exposure ahead of the upcoming earnings report scheduled for November 3, 2026. Market participants continue to watch share price movement relative to key moving averages as fresh financial results approach.