Duolingo, Inc. (NASDAQ:DUOL) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System grew its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 20.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,124 shares of the company's stock after purchasing an additional 9,823 shares during the period. California Public Employees Retirement System owned approximately 0.13% of Duolingo worth $18,521,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DUOL. Mirae Asset Global Investments Co. Ltd. purchased a new position in Duolingo in the fourth quarter valued at about $31,000. Harvest Fund Management Co. Ltd boosted its stake in shares of Duolingo by 5,050.0% during 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 last quarter. Global Retirement Partners LLC boosted its stake in shares of Duolingo by 1,255.6% during the 4th quarter. Global Retirement Partners LLC now owns 122 shares of the company's stock valued at $40,000 after buying an additional 113 shares during the last quarter. Smithfield Trust Co grew its position in shares of Duolingo by 41.8% during the fourth quarter. Smithfield Trust Co now owns 156 shares of the company's stock worth $51,000 after buying an additional 46 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Duolingo in the fourth quarter worth $55,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Stock Performance

DUOL stock traded up $44.13 during mid-day trading on Wednesday, reaching $337.40. The company had a trading volume of 1,297,836 shares, compared to its average volume of 739,647. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. The stock has a market capitalization of $15.26 billion, a P/E ratio of 184.37 and a beta of 0.91. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock's 50-day simple moving average is $341.50 and its two-hundred day simple moving average is $328.01.

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Duolingo (NASDAQ:DUOL - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm had revenue of $209.55 million during the quarter, compared to the consensus estimate of $205.49 million. Research analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. JMP Securities reiterated a "market perform" rating on shares of Duolingo in a research note on Friday, February 14th. Needham & Company LLC increased their price target on shares of Duolingo from $385.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective on Duolingo from $410.00 to $360.00 and set an "overweight" rating for the company in a report on Tuesday. Jefferies Financial Group assumed coverage on Duolingo in a report on Friday, January 24th. They set a "hold" rating and a $370.00 target price on the stock. Finally, Bank of America lowered Duolingo from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $355.00 to $375.00 in a research report on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $372.92.

Insider Activity

In other news, insider Severin Hacker sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $333.95, for a total value of $3,339,500.00. Following the completion of the transaction, the insider now directly owns 72 shares in the company, valued at $24,044.40. This trade represents a 99.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Stephen C. Chen sold 2,064 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at approximately $15,069,946.08. The trade was a 5.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,332 shares of company stock valued at $33,442,107. Insiders own 18.30% of the company's stock.

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.