Public Employees Retirement System of Ohio Takes $4.14 Million Position in Duolingo, Inc. (NASDAQ:DUOL)

Public Employees Retirement System of Ohio purchased a new position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,770 shares of the company's stock, valued at approximately $4,140,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP lifted its holdings in Duolingo by 250.0% in the fourth quarter. Quarry LP now owns 91 shares of the company's stock valued at $30,000 after buying an additional 65 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Duolingo during the 4th quarter worth approximately $31,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Duolingo by 5,050.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after acquiring an additional 101 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Duolingo by 1,255.6% during the fourth quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock worth $40,000 after acquiring an additional 113 shares in the last quarter. Finally, Smithfield Trust Co lifted its stake in Duolingo by 41.8% in the 4th quarter. Smithfield Trust Co now owns 156 shares of the company's stock valued at $51,000 after acquiring an additional 46 shares in the last quarter. 91.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

DUOL has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Duolingo from $360.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Needham & Company LLC boosted their price target on Duolingo from $400.00 to $460.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Barclays increased their price objective on Duolingo from $330.00 to $375.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Morgan Stanley boosted their target price on shares of Duolingo from $435.00 to $515.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, Citizens Jmp raised shares of Duolingo from a "market perform" rating to an "outperform" rating and set a $400.00 price target on the stock in a research report on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Duolingo has a consensus rating of "Moderate Buy" and an average price target of $435.57.

Duolingo Trading Down 2.6%

Duolingo stock traded down $13.48 during trading hours on Tuesday, reaching $513.37. 691,070 shares of the company's stock were exchanged, compared to its average volume of 708,153. The firm's 50 day simple moving average is $418.87 and its 200 day simple moving average is $370.02. Duolingo, Inc. has a twelve month low of $145.05 and a twelve month high of $544.93. The firm has a market capitalization of $23.33 billion, a PE ratio of 280.53 and a beta of 0.88. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $230.74 million for the quarter, compared to analyst estimates of $223.15 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Duolingo's revenue for the quarter was up 37.6% compared to the same quarter last year. Research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Activity

In other Duolingo news, CEO Ahn Luis Von sold 8,000 shares of Duolingo stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $293.80, for a total transaction of $2,350,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $495.95, for a total transaction of $4,959,500.00. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at approximately $35,708.40. The trade was a 99.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,853 shares of company stock valued at $31,627,441 over the last three months. Corporate insiders own 15.67% of the company's stock.

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.