Teacher Retirement System of Texas Increases Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Teacher Retirement System of Texas increased its stake in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 156.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,471 shares of the company's stock after acquiring an additional 6,389 shares during the period. Teacher Retirement System of Texas' holdings in Duolingo were worth $3,395,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC purchased a new position in shares of Duolingo during the 3rd quarter valued at about $26,000. First Horizon Advisors Inc. purchased a new stake in shares of Duolingo in the 3rd quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Duolingo during the 4th quarter valued at $31,000. Harvest Fund Management Co. Ltd raised its position in Duolingo by 5,050.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 103 shares of the company's stock worth $33,000 after purchasing an additional 101 shares during the period. Finally, Global Retirement Partners LLC boosted its position in Duolingo by 1,255.6% during the fourth 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 period. Institutional investors own 91.59% of the company's stock.

Analyst Upgrades and Downgrades

DUOL has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on Duolingo from $400.00 to $410.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Scotiabank assumed coverage on shares of Duolingo in a report on Thursday, December 5th. They set a "sector outperform" rating and a $425.00 price target for the company. Barclays raised their price target on shares of Duolingo from $295.00 to $330.00 and gave the stock an "equal weight" rating in a report on Friday, February 28th. UBS Group set a $400.00 price objective on Duolingo in a report on Tuesday, March 18th. Finally, Piper Sandler lifted their price target on shares of Duolingo from $351.00 to $390.00 and gave the company an "overweight" rating in a report on Friday, February 28th. 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $376.25.

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Insider Transactions at Duolingo

In other news, General Counsel Stephen C. Chen sold 2,064 shares of Duolingo stock in a transaction 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 transaction, the general counsel now directly owns 34,634 shares in the company, valued at approximately $15,069,946.08. This trade represents a 5.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ahn Luis Von sold 8,000 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $321.00, for a total value of $2,568,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,499 shares of company stock worth $32,677,268. 18.30% of the stock is currently owned by company insiders.

Duolingo Price Performance

Shares of NASDAQ DUOL traded up $10.50 during midday trading on Tuesday, reaching $340.50. 639,648 shares of the stock traded hands, compared to its average volume of 703,718. The company's 50 day moving average is $347.86 and its 200 day moving average is $321.31. Duolingo, Inc. has a one year low of $145.05 and a one year high of $441.77. 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 stock has a market capitalization of $15.41 billion, a PE ratio of 186.07 and a beta of 0.92.

Duolingo (NASDAQ:DUOL - Get Free Report) last issued 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). The business had revenue of $209.55 million during the quarter, compared to analysts' expectations of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, equities research analysts anticipate 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.