New York State Common Retirement Fund Has $13.17 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

New York State Common Retirement Fund increased its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 24.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,407 shares of the company's stock after acquiring an additional 8,374 shares during the quarter. New York State Common Retirement Fund owned approximately 0.09% of Duolingo worth $13,169,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DUOL. FMR LLC grew its stake in Duolingo by 39.9% in the fourth quarter. FMR LLC now owns 3,726,561 shares of the company's stock worth $1,208,263,000 after purchasing an additional 1,063,327 shares in the last quarter. Vanguard Group Inc. grew its stake in Duolingo by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 3,542,194 shares of the company's stock worth $1,148,486,000 after purchasing an additional 70,705 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Duolingo by 0.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,339,780 shares of the company's stock worth $434,398,000 after purchasing an additional 10,638 shares in the last quarter. Invesco Ltd. grew its stake in Duolingo by 53.5% in the fourth quarter. Invesco Ltd. now owns 1,085,066 shares of the company's stock worth $351,811,000 after purchasing an additional 378,225 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Duolingo by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 683,498 shares of the company's stock worth $221,676,000 after purchasing an additional 10,698 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Duolingo Price Performance

NASDAQ DUOL traded up $8.54 on Friday, reaching $370.49. The company's stock had a trading volume of 1,038,494 shares, compared to its average volume of 740,040. The firm has a market cap of $16.84 billion, a PE ratio of 182.51, a price-to-earnings-growth ratio of 2.85 and a beta of 0.89. The business has a 50-day moving average price of $461.96 and a 200 day moving average price of $390.41. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $544.93. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.06.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results 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 net margin of 11.93% and a return on equity of 11.70%. The company had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo's revenue was up 37.6% compared to the same quarter last year. Sell-side analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DUOL shares. DA Davidson decreased their target price on Duolingo from $600.00 to $500.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Morgan Stanley cut their price target on Duolingo from $515.00 to $480.00 and set an "overweight" rating on the stock in a report on Tuesday, July 8th. Barclays lifted their price target on Duolingo from $330.00 to $375.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. UBS Group reaffirmed an "overweight" rating on shares of Duolingo in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. dropped their target price on Duolingo from $580.00 to $500.00 and set an "overweight" rating on the stock in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Duolingo has an average rating of "Moderate Buy" and a consensus target price of $435.87.

Insider Buying and Selling at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $392.89, for a total value of $3,928,900.00. Following the completion of the transaction, the insider owned 72 shares of the company's stock, valued at $28,288.08. This trade represents a 99.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Meese sold 5,000 shares of Duolingo stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $395.00, for a total transaction of $1,975,000.00. Following the completion of the transaction, the insider directly owned 118,805 shares of the company's stock, valued at approximately $46,927,975. This trade represents a 4.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,000 shares of company stock valued at $27,646,500 in the last three months. 18.30% of the stock is owned by insiders.

Duolingo Profile

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.