New York State Common Retirement Fund Has $10.50 Million Stock Position in Duolingo, Inc. (NASDAQ:DUOL)

New York State Common Retirement Fund lessened its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,294 shares of the company's stock after selling 9,282 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Duolingo worth $10,502,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DUOL. Wellington Management Group LLP grew its stake in Duolingo by 147.6% during the 3rd quarter. Wellington Management Group LLP now owns 602,200 shares of the company's stock valued at $99,887,000 after purchasing an additional 358,938 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of Duolingo in the 3rd quarter worth approximately $48,552,000. FMR LLC grew its position in shares of Duolingo by 37.9% in the 3rd quarter. FMR LLC now owns 1,019,641 shares of the company's stock worth $169,128,000 after acquiring an additional 280,051 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of Duolingo by 5.0% in the 3rd quarter. Baillie Gifford & Co. now owns 4,488,629 shares of the company's stock worth $744,529,000 after acquiring an additional 213,552 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Duolingo by 4.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,191,139 shares of the company's stock worth $529,314,000 after acquiring an additional 122,209 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company's stock.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total transaction of $1,786,200.00. Following the sale, the insider now owns 72 shares of the company's stock, valued at approximately $12,860.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Duolingo news, insider Severin Hacker sold 10,000 shares of Duolingo stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $178.62, for a total transaction of $1,786,200.00. Following the sale, the insider now owns 72 shares of the company's stock, valued at approximately $12,860.64. The sale was disclosed in a document filed 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 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 disclosure for this sale can be found here. Insiders have sold 113,223 shares of company stock valued at $23,682,665 in the last quarter. Corporate insiders own 19.85% of the company's stock.

Duolingo Stock Performance

NASDAQ:DUOL traded down $2.72 during midday trading on Wednesday, reaching $223.03. 916,607 shares of the company traded hands, compared to its average volume of 727,627. The company has a fifty day moving average price of $214.59 and a 200 day moving average price of $204.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.24 and a quick ratio of 3.24. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 655.97 and a beta of 0.83. Duolingo, Inc. has a twelve month low of $116.82 and a twelve month high of $245.87.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $150.99 million for the quarter, compared to the consensus estimate of $146.98 million. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. On average, analysts expect that Duolingo, Inc. will post 1.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DUOL. Piper Sandler lifted their target price on Duolingo from $217.00 to $282.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. Seaport Res Ptn reiterated a "buy" rating on shares of Duolingo in a research report on Tuesday, February 27th. The Goldman Sachs Group lifted their target price on Duolingo from $160.00 to $190.00 and gave the stock a "sell" rating in a research report on Thursday, February 29th. UBS Group lifted their target price on Duolingo from $230.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, February 29th. Finally, Barclays boosted their price objective on Duolingo from $173.00 to $243.00 and gave the company an "equal weight" rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $245.13.

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.