New York State Teachers Retirement System Buys 1,499 Shares of Duolingo, Inc. (NASDAQ:DUOL)

New York State Teachers Retirement System lifted its holdings in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,215 shares of the company's stock after acquiring an additional 1,499 shares during the period. New York State Teachers Retirement System owned approximately 0.07% of Duolingo worth $9,694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DUOL. Jones Financial Companies Lllp acquired a new stake in shares of Duolingo during the 4th quarter worth approximately $60,000. State of Michigan Retirement System grew its holdings in Duolingo by 1.1% in the fourth quarter. State of Michigan Retirement System now owns 9,000 shares of the company's stock worth $2,918,000 after purchasing an additional 100 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Duolingo by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company's stock valued at $112,330,000 after purchasing an additional 4,171 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Duolingo by 10.6% during the fourth quarter. Victory Capital Management Inc. now owns 7,754 shares of the company's stock valued at $2,514,000 after purchasing an additional 743 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Duolingo by 10.8% during the fourth quarter. Assetmark Inc. now owns 2,276 shares of the company's stock valued at $738,000 after purchasing an additional 222 shares during the period. 91.59% of the stock is owned by institutional investors.

Insider Buying and Selling at Duolingo

In related news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $471.20, for a total value of $4,712,000.00. Following the completion of the sale, the insider owned 72 shares of the company's stock, valued at approximately $33,926.40. This trade represents a 99.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $327.41, for a total transaction of $2,619,280.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,000 shares of company stock valued at $29,261,180. Company insiders own 15.67% of the company's stock.

Duolingo Stock Performance

Shares of NASDAQ:DUOL traded down $1.61 during midday trading on Friday, reaching $395.39. The company had a trading volume of 552,232 shares, compared to its average volume of 724,368. The stock has a market cap of $17.97 billion, a P/E ratio of 194.78, a P/E/G ratio of 3.00 and a beta of 0.89. The company's 50 day moving average price is $477.28 and its 200 day moving average price is $386.59. 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, Inc. has a 52-week low of $145.05 and a 52-week high of $544.93.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.72 earnings per share for the quarter, beating 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 firm had revenue of $230.74 million during the quarter, compared to the consensus estimate of $223.15 million. Duolingo's quarterly revenue was up 37.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Duolingo from $340.00 to $403.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Scotiabank raised their price objective on Duolingo from $405.00 to $470.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Citizens Jmp upgraded Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price objective for the company in a report on Tuesday, March 18th. JPMorgan Chase & Co. upped their target price on Duolingo from $500.00 to $580.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Evercore ISI lifted their price target on shares of Duolingo from $400.00 to $480.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $443.53.

Duolingo Company 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.