New York State Teachers Retirement System Acquires 4,123 Shares of Duolingo, Inc. $DUOL

New York State Teachers Retirement System lifted its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 13.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 35,338 shares of the company’s stock after acquiring an additional 4,123 shares during the quarter. New York State Teachers Retirement System’s holdings in Duolingo were worth $14,489,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Kiker Wealth Management LLC purchased a new stake in Duolingo during the second quarter worth $31,000. Rise Advisors LLC increased its holdings in shares of Duolingo by 43.6% in the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock valued at $25,000 after acquiring an additional 24 shares during the period. Summit Securities Group LLC bought a new position in shares of Duolingo in the 1st quarter worth $28,000. Brooklyn Investment Group raised its position in shares of Duolingo by 4,750.0% in the 1st quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 95 shares in the last quarter. Finally, Garde Capital Inc. purchased a new stake in shares of Duolingo during the 1st quarter worth $31,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Robert Meese sold 1,444 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $329.03, for a total value of $475,119.32. Following the transaction, the insider directly owned 120,080 shares of the company’s stock, valued at $39,509,922.40. This represents a 1.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Natalie Glance sold 3,283 shares of Duolingo stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the sale, the insider directly owned 116,171 shares of the company’s stock, valued at approximately $36,280,203.30. This represents a 2.75% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,791 shares of company stock valued at $26,918,301. 15.67% of the stock is owned by corporate insiders.

Duolingo Stock Performance

Shares of Duolingo stock opened at $324.02 on Friday. The company has a 50 day moving average price of $313.72 and a 200 day moving average price of $380.86. The firm has a market capitalization of $14.85 billion, a P/E ratio of 133.34, a PEG ratio of 2.13 and a beta of 0.86. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.10. Duolingo, Inc. has a 52 week low of $256.63 and a 52 week high of $544.93.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, August 6th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.36. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The company had revenue of $252.27 million for the quarter, compared to the consensus estimate of $240.84 million. During the same quarter in the previous year, the firm earned $0.51 EPS. Duolingo’s revenue was up 41.5% compared to the same quarter last year. Sell-side analysts expect that Duolingo, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

DUOL has been the topic of several analyst reports. KeyCorp upgraded Duolingo from a “sector weight” rating to an “overweight” rating and set a $460.00 target price on the stock in a research note on Monday, August 18th. Raymond James Financial reaffirmed a “market perform” rating on shares of Duolingo in a research report on Tuesday, August 26th. Argus began coverage on shares of Duolingo in a research report on Wednesday, June 25th. They set a “buy” rating and a $575.00 target price for the company. Baird R W upgraded shares of Duolingo to a “hold” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a report on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Duolingo presently has an average rating of “Hold” and a consensus target price of $416.68.

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.