Teachers Retirement System of The State of Kentucky Decreases Position in Duolingo, Inc. (NASDAQ:DUOL)

Teachers Retirement System of The State of Kentucky cut its position in Duolingo, Inc. (NASDAQ:DUOL - Free Report) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,814 shares of the company's stock after selling 2,300 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.15% of Duolingo worth $18,278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of DUOL. SG Americas Securities LLC grew its holdings in shares of Duolingo by 109.2% in the second quarter. SG Americas Securities LLC now owns 7,615 shares of the company's stock valued at $1,589,000 after purchasing an additional 3,975 shares in the last quarter. Securian Asset Management Inc. acquired a new stake in shares of Duolingo in the second quarter valued at $614,000. Blue Trust Inc. purchased a new position in Duolingo in the second quarter valued at $32,000. Hennion & Walsh Asset Management Inc. grew its stake in Duolingo by 13.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,499 shares of the company's stock worth $730,000 after purchasing an additional 408 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Duolingo by 19.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 520 shares of the company's stock worth $109,000 after purchasing an additional 85 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Duolingo Stock Performance

NASDAQ DUOL traded down $4.83 during trading hours on Thursday, hitting $339.52. The company had a trading volume of 423,950 shares, compared to its average volume of 689,695. The company has a market cap of $14.93 billion, a PE ratio of 185.53 and a beta of 0.85. 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 1-year low of $145.05 and a 1-year high of $378.48. The business has a 50 day moving average of $316.27 and a 200-day moving average of $244.33.

Duolingo (NASDAQ:DUOL - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.14. The business had revenue of $192.59 million for the quarter, compared to analysts' expectations of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The company's quarterly revenue was up 39.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. As a group, equities research analysts expect that Duolingo, Inc. will post 2.02 EPS for the current year.

Wall Street Analyst Weigh In

DUOL has been the subject of several recent research reports. Barclays lifted their price objective on Duolingo from $183.00 to $295.00 and gave the company an "equal weight" rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded shares of Duolingo from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 7th. JMP Securities cut shares of Duolingo from an "outperform" rating to a "market perform" rating in a report on Monday, October 14th. JPMorgan Chase & Co. raised their price objective on shares of Duolingo from $360.00 to $400.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Bank of America downgraded shares of Duolingo from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $355.00 to $375.00 in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Duolingo has a consensus rating of "Moderate Buy" and an average target price of $352.40.

Insider Activity

In related news, insider Natalie Glance sold 1,500 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $369.33, for a total transaction of $553,995.00. Following the transaction, the insider now owns 132,239 shares of the company's stock, valued at $48,839,829.87. This represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Meese sold 4,819 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total value of $1,156,656.38. Following the completion of the transaction, the insider now owns 157,053 shares of the company's stock, valued at $37,695,861.06. The trade was a 2.98 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,319 shares of company stock valued at $5,377,256. 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.