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

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DUOL. FMR LLC grew its position in shares of Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after acquiring an additional 564,173 shares during the period. State Street Corp grew its holdings in Duolingo by 3.6% in the third quarter. State Street Corp now owns 1,076,273 shares of the company’s stock valued at $303,530,000 after purchasing an additional 36,923 shares during the period. Geode Capital Management LLC increased its position in shares of Duolingo by 2.5% in the third quarter. Geode Capital Management LLC now owns 672,800 shares of the company’s stock valued at $189,790,000 after buying an additional 16,481 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Duolingo by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 346,451 shares of the company’s stock worth $112,330,000 after buying an additional 4,171 shares during the period. Finally, Lord Abbett & CO. LLC lifted its position in shares of Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock valued at $55,747,000 after buying an additional 76,875 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Insider Activity at Duolingo

In other news, General Counsel Stephen C. Chen sold 2,064 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the sale, the general counsel now directly owns 34,634 shares of the company’s stock, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew Skaruppa sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $324.48, for a total transaction of $1,622,400.00. Following the transaction, the chief financial officer now directly owns 67,730 shares of the company’s stock, valued at $21,977,030.40. The trade was a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 95,499 shares of company stock worth $32,677,268. Company insiders own 18.30% of the company’s stock.

Duolingo Stock Up 6.7 %

Shares of NASDAQ DUOL opened at $330.00 on Tuesday. The company has a market capitalization of $14.93 billion, a P/E 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. The company has a 50 day simple moving average of $347.86 and a 200-day simple moving average of $321.31. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77.

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

Analyst Ratings Changes

Several equities research analysts recently commented on DUOL shares. Jefferies Financial Group began coverage on shares of Duolingo in a report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target for the company. Barclays raised their price target on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Piper Sandler boosted their price objective on Duolingo from $351.00 to $390.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and raised their target price for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $376.25.

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.