柏基投资（Baillie Gifford）减持多邻国（DUOL）股份 —— 按GF价值估算股价被严重低估66%

Prominent investment firm Baillie Gifford has trimmed its equity exposure in Duolingo Inc., according to recent regulatory filings. The portfolio adjustment represents a routine rebalancing rather than a wholesale exit from the high-growth educational technology company. Duolingo has continued to post strong engagement and monetization figures across its core application ecosystem. Quantitative valuation frameworks, such as the GF Value model, indicate that the stock could still be substantially undervalued relative to its intrinsic business potential. Long-term institutional interest remains relatively stable as the company expands its artificial intelligence integration and user base. Market watchers view the minor share reduction as standard portfolio management by a major growth investor.