State of Michigan Retirement System Purchases 551,000 Shares of Duolingo, Inc. $DUOL

Key Points

• State of Michigan Retirement System bought an additional 551,000 shares of Duolingo in Q4, increasing its stake to 560,500 shares (about 1.21% of the company) valued at roughly $98.37 million.
• Duolingo beat recent quarterly estimates with $0.91 EPS (vs. $0.79) and $282.9M revenue (up 35% YoY); the stock trades around $103.45 with a market cap of $4.86B and a 52‑week range of $87.89–$544.93.
• Analysts' consensus is a "Hold" with an average price target of $206.16, while insiders sold about 14,939 shares (~$1.68M) last quarter and institutional investors own 91.59% of the stock.

State of Michigan Retirement System boosted its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 5,800.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 560,500 shares of the company's stock after acquiring an additional 551,000 shares during the quarter. State of Michigan Retirement System owned 1.21% of Duolingo worth $98,368,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of Duolingo by 1,868.2% during the 1st quarter. NewEdge Advisors LLC now owns 433 shares of the company's stock valued at $134,000 after purchasing an additional 411 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Duolingo by 123.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,556 shares of the company's stock worth $27,190,000 after purchasing an additional 48,451 shares during the period. Focus Partners Wealth boosted its holdings in shares of Duolingo by 28.3% in the first quarter. Focus Partners Wealth now owns 2,021 shares of the company's stock worth $628,000 after buying an additional 446 shares during the last quarter. Amundi boosted its holdings in shares of Duolingo by 142.1% in the second quarter. Amundi now owns 26,075 shares of the company's stock worth $10,352,000 after buying an additional 15,306 shares during the last quarter. Finally, Gabelli Funds LLC bought a new stake in Duolingo during the second quarter valued at approximately $205,000. Institutional investors own 91.59% of the company's stock.

Duolingo Stock Performance

Shares of DUOL stock opened at $103.45 on Monday. Duolingo, Inc. has a 52-week low of $87.89 and a 52-week high of $544.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market capitalization of $4.86 billion, a PE ratio of 12.14, a PEG ratio of 0.72 and a beta of 0.89. The stock has a fifty day simple moving average of $100.89 and a two-hundred day simple moving average of $163.69.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.79 by $0.12. The business had revenue of $282.87 million for the quarter, compared to the consensus estimate of $275.95 million. Duolingo had a return on equity of 14.88% and a net margin of 39.91%.The firm's revenue was up 35.0% compared to the same quarter last year. On average, analysts predict that Duolingo, Inc. will post 3.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DUOL. JPMorgan Chase & Co. reduced their target price on shares of Duolingo from $95.00 to $92.00 and set a "neutral" rating for the company in a report on Monday, April 20th. DA Davidson set a $85.00 price objective on shares of Duolingo in a research report on Thursday, April 9th. Bank of America restated a "neutral" rating and issued a $100.00 price objective on shares of Duolingo in a research note on Friday, February 27th. Argus reaffirmed a "hold" rating on shares of Duolingo in a report on Wednesday, March 18th. Finally, Wells Fargo & Company lowered their target price on Duolingo from $185.00 to $160.00 and set an "underweight" rating on the stock in a research report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Duolingo currently has an average rating of "Hold" and an average price target of $206.16.

Insider Buying and Selling

In other Duolingo news, insider Robert Meese sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $110.06, for a total value of $110,060.00. Following the completion of the transaction, the insider directly owned 122,636 shares in the company, valued at $13,497,318.16. This represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Natalie Glance sold 3,545 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $113.51, for a total transaction of $402,392.95. Following the sale, the insider directly owned 115,380 shares of the company's stock, valued at approximately $13,096,783.80. This trade represents a 2.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 14,939 shares of company stock worth $1,676,291 in the last quarter. 18.30% of the stock is owned by insiders.

Duolingo Company Profile

Duolingo, Inc NASDAQ: DUOL is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company's core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.

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