Duolingo, Inc. (NASDAQ:DUOL) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 156.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,471 shares of the company’s stock after buying an additional 6,389 shares during the period. Teacher Retirement System of Texas’ holdings in Duolingo were worth $3,395,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in DUOL. True Wealth Design LLC purchased a new stake in shares of Duolingo during the third quarter worth $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Duolingo during the 4th quarter worth about $31,000. First Horizon Advisors Inc. acquired a new stake in Duolingo in the 3rd quarter valued at about $29,000. Harvest Fund Management Co. Ltd boosted its stake in shares of Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company’s stock valued at $33,000 after buying an additional 101 shares during the period. Finally, Global Retirement Partners LLC grew 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 buying an additional 113 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 analysts recently issued reports on the stock. DA Davidson lifted their price target on shares of Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. The Goldman Sachs Group boosted their target price on shares of Duolingo from $275.00 to $340.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Needham & Company LLC raised their price target on Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Jefferies Financial Group began coverage on Duolingo in a research report on Friday, January 24th. They set a “hold” rating and a $370.00 price objective for the company. Finally, Piper Sandler raised their target price on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Duolingo presently has an average rating of “Moderate Buy” and an average price target of $376.25.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 9,020 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total value of $2,621,121.80. Following the transaction, the insider now directly owns 130,733 shares of the company’s stock, valued at approximately $37,989,702.47. The trade was a 6.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $336.23, for a total transaction of $3,362,300.00. Following the completion of the sale, the insider now owns 72 shares of the company’s stock, valued at $24,208.56. This trade represents a 99.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,499 shares of company stock valued at $32,677,268 in the last ninety days. Insiders own 18.30% of the company’s stock.

Duolingo Stock Performance

Shares of Duolingo stock opened at $330.00 on Tuesday. The firm’s fifty day simple moving average is $347.86 and its 200-day simple moving average is $321.31. Duolingo, Inc. has a 12 month low of $145.05 and a 12 month high of $441.77. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 180.33 and a beta of 0.92. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The business had revenue of $209.55 million during the quarter, compared to analyst estimates of $205.49 million. As a group, equities analysts forecast that Duolingo, Inc. will post 2.03 earnings per share for the current year.

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.