New York State Teachers Retirement System lifted its position in shares of Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,716 shares of the company's stock after purchasing an additional 2,251 shares during the period. New York State Teachers Retirement System owned about 0.07% of Duolingo worth $9,635,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC purchased a new position in Duolingo in the third quarter valued at approximately $26,000. First Horizon Advisors Inc. acquired a new position in shares of Duolingo in the 3rd quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duolingo in the 4th quarter valued at $31,000. Farther Finance Advisors LLC raised its stake in Duolingo by 164.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 127 shares of the company's stock worth $36,000 after acquiring an additional 79 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Duolingo in the fourth quarter valued at $55,000. Institutional investors and hedge funds own 91.59% of the company's stock.
Duolingo Price Performance
NASDAQ:DUOL traded down $36.43 during trading hours on Friday, hitting $385.35. The company's stock had a trading volume of 1,079,279 shares, compared to its average volume of 646,053. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The business's 50-day moving average is $356.02 and its two-hundred day moving average is $301.79. The company has a market capitalization of $16.95 billion, a PE ratio of 210.57 and a beta of 0.89.
Wall Street Analysts Forecast Growth
DUOL has been the topic of several research reports. Seaport Res Ptn lowered Duolingo from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th. Barclays upped their price target on shares of Duolingo from $183.00 to $295.00 and gave the company an "equal weight" rating in a research report on Thursday, November 7th. Jefferies Financial Group started coverage on shares of Duolingo in a research note on Friday, January 24th. They issued a "hold" rating and a $370.00 price objective on the stock. UBS Group increased their target price on shares of Duolingo from $408.00 to $410.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group boosted their price target on Duolingo from $250.00 to $275.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $355.55.
Get Our Latest Analysis on Duolingo
Insiders Place Their Bets
In other Duolingo news, CEO Ahn Luis Von sold 41,759 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $340.29, for a total transaction of $14,210,170.11. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew Skaruppa sold 4,464 shares of the business's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $313.55, for a total value of $1,399,687.20. Following the completion of the transaction, the chief financial officer now directly owns 63,266 shares of the company's stock, valued at approximately $19,837,054.30. This trade represents a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 305,639 shares of company stock worth $105,445,057. 18.30% of the stock is owned by company insiders.
About Duolingo
(
Free Report)
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.
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