Teacher Retirement System of Texas Sells 2,141 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Teacher Retirement System of Texas cut its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 20.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,330 shares of the company's stock after selling 2,141 shares during the period. Teacher Retirement System of Texas' holdings in Duolingo were worth $2,587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DUOL. Contravisory Investment Management Inc. purchased a new position in Duolingo during the first quarter valued at $25,000. Quarry LP lifted its position in shares of Duolingo by 250.0% during the 4th quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares in the last quarter. Garde Capital Inc. purchased a new position in shares of Duolingo during the 1st quarter valued at about $31,000. Harvest Fund Management Co. Ltd lifted its position in shares of Duolingo by 5,050.0% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock valued at $33,000 after buying an additional 101 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Duolingo by 323.1% during the 1st quarter. Versant Capital Management Inc now owns 110 shares of the company's stock valued at $34,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Duolingo Price Performance

NASDAQ DUOL traded down $9.62 during trading hours on Friday, reaching $370.82. The company's stock had a trading volume of 680,253 shares, compared to its average volume of 734,157. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.06. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $544.93. The firm's 50-day moving average price is $474.93 and its 200-day moving average price is $388.57. The company has a market capitalization of $16.85 billion, a price-to-earnings ratio of 182.67, a PEG ratio of 2.85 and a beta of 0.89.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.20. Duolingo had a return on equity of 11.70% and a net margin of 11.93%. The business had revenue of $230.74 million for the quarter, compared to the consensus estimate of $223.15 million. The company's revenue was up 37.6% on a year-over-year basis. On average, equities research analysts predict that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $392.89, for a total value of $3,928,900.00. Following the sale, the insider owned 72 shares of the company's stock, valued at $28,288.08. The trade was a 99.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert Meese sold 5,000 shares of Duolingo stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $395.00, for a total value of $1,975,000.00. Following the completion of the sale, the insider directly owned 118,805 shares in the company, valued at approximately $46,927,975. The trade was a 4.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,000 shares of company stock valued at $30,265,780 in the last quarter. 15.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on Duolingo from $515.00 to $480.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 8th. The Goldman Sachs Group lifted their price objective on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Scotiabank lifted their price objective on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research report on Friday, May 2nd. DA Davidson lowered their price objective on Duolingo from $600.00 to $500.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Finally, Argus assumed coverage on Duolingo in a research report on Wednesday, June 25th. They set a "buy" rating and a $575.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Duolingo has a consensus rating of "Moderate Buy" and an average price target of $441.20.

About Duolingo

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.