Duolingo, Inc. (NASDAQ:DUOL) Holdings Reduced by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,400 shares of the company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Duolingo were worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Duolingo by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,387,433 shares of the company’s stock valued at $747,200,000 after acquiring an additional 67,004 shares during the period. Whale Rock Capital Management LLC increased its holdings in shares of Duolingo by 23.9% during the first quarter. Whale Rock Capital Management LLC now owns 1,275,189 shares of the company’s stock valued at $281,281,000 after purchasing an additional 245,599 shares during the period. Dragoneer Investment Group LLC bought a new stake in shares of Duolingo during the second quarter valued at about $204,768,000. American Century Companies Inc. lifted its holdings in Duolingo by 25.1% in the second quarter. American Century Companies Inc. now owns 498,957 shares of the company’s stock worth $104,117,000 after purchasing an additional 100,167 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Duolingo by 153.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 395,123 shares of the company’s stock valued at $82,450,000 after buying an additional 238,990 shares in the last quarter. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on DUOL. JPMorgan Chase & Co. boosted their price target on shares of Duolingo from $255.00 to $303.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Bank of America boosted their target price on Duolingo from $292.00 to $298.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. UBS Group lifted their price target on Duolingo from $225.00 to $355.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. DA Davidson restated a “buy” rating and issued a $250.00 price objective on shares of Duolingo in a report on Tuesday, September 10th. Finally, The Goldman Sachs Group lifted their target price on Duolingo from $198.00 to $250.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $277.22.

Insider Activity

In other news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Monday, October 7th. The stock was sold at an average price of $280.91, for a total transaction of $421,365.00. Following the transaction, the insider now owns 138,260 shares in the company, valued at approximately $38,838,616.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, General Counsel Stephen C. Chen sold 19,464 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $211.55, for a total value of $4,117,609.20. Following the transaction, the general counsel now directly owns 35,558 shares of the company’s stock, valued at approximately $7,522,294.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Monday, October 7th. The shares were sold at an average price of $280.91, for a total value of $421,365.00. Following the sale, the insider now directly owns 138,260 shares of the company’s stock, valued at approximately $38,838,616.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 88,374 shares of company stock worth $18,571,912 over the last quarter. Corporate insiders own 18.30% of the company’s stock.

Duolingo Trading Up 3.6 %

Shares of NASDAQ DUOL opened at $291.61 on Monday. The business has a fifty day simple moving average of $251.96 and a 200-day simple moving average of $214.86. The company has a market cap of $12.70 billion, a price-to-earnings ratio of 208.29 and a beta of 0.79. Duolingo, Inc. has a 12 month low of $140.16 and a 12 month high of $297.56. The company has a quick ratio of 3.28, a current ratio of 3.28 and a debt-to-equity ratio of 0.07.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. Duolingo had a net margin of 10.44% and a return on equity of 9.64%. The business had revenue of $178.30 million for the quarter, compared to analyst estimates of $177.13 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. The firm’s revenue was up 40.6% compared to the same quarter last year. Sell-side analysts predict that Duolingo, Inc. will post 1.87 EPS for the current year.

About Duolingo

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.