Illinois Municipal Retirement Fund Invests $744,000 in Duolingo, Inc. (NASDAQ:DUOL)

Illinois Municipal Retirement Fund bought a new stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,280 shares of the company's stock, valued at approximately $744,000.

Several other large investors have also recently bought and sold shares of the business. Redhawk Wealth Advisors Inc. grew its holdings in shares of Duolingo by 0.8% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 8,831 shares of the company's stock worth $2,003,000 after purchasing an additional 72 shares during the last quarter. Xponance Inc. grew its holdings in shares of Duolingo by 4.8% during the fourth quarter. Xponance Inc. now owns 1,774 shares of the company's stock worth $402,000 after purchasing an additional 82 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Duolingo by 4.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,902 shares of the company's stock worth $647,000 after purchasing an additional 165 shares during the last quarter. FSC Wealth Advisors LLC purchased a new position in shares of Duolingo during the fourth quarter worth about $39,000. Finally, Victory Capital Management Inc. grew its holdings in shares of Duolingo by 6.6% during the third quarter. Victory Capital Management Inc. now owns 3,732 shares of the company's stock worth $619,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 91.59% of the company's stock.

Wall Street Analysts Forecast Growth

DUOL has been the topic of several research reports. UBS Group raised their price objective on Duolingo from $230.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, February 29th. Piper Sandler increased their target price on shares of Duolingo from $217.00 to $282.00 and gave the stock an "overweight" rating in a research note on Thursday, February 29th. Barclays increased their target price on shares of Duolingo from $173.00 to $243.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. began coverage on shares of Duolingo in a research note on Monday, March 11th. They set an "overweight" rating and a $270.00 target price for the company. Finally, The Goldman Sachs Group increased their target price on shares of Duolingo from $160.00 to $190.00 and gave the stock a "sell" rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $245.13.

Duolingo Price Performance

Shares of DUOL traded down $3.19 during mid-day trading on Tuesday, reaching $225.75. 642,007 shares of the company's stock were exchanged, compared to its average volume of 725,349. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of $214.59 and a two-hundred day simple moving average of $204.24. Duolingo, Inc. has a 52-week low of $116.82 and a 52-week high of $245.87. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 663.99 and a beta of 0.84.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. Duolingo had a net margin of 3.03% and a return on equity of 2.64%. The business had revenue of $150.99 million during the quarter, compared to analysts' expectations of $146.98 million. On average, sell-side analysts predict that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

Insider Transactions at Duolingo

In other Duolingo news, CEO Ahn Luis Von sold 13,600 shares of Duolingo stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $208.34, for a total value of $2,833,424.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Duolingo news, Director Amy Bohutinsky sold 15,000 shares of Duolingo stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $202.14, for a total value of $3,032,100.00. Following the completion of the sale, the director now directly owns 4,253 shares of the company's stock, valued at approximately $859,701.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ahn Luis Von sold 13,600 shares of Duolingo stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total transaction of $2,833,424.00. The disclosure for this sale can be found here. Insiders sold a total of 113,223 shares of company stock valued at $23,682,665 in the last ninety days. Corporate insiders own 19.85% 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.