New York State Teachers Retirement System Boosts Stock Position in Duolingo, Inc. $DUOL

New York State Teachers Retirement System boosted its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 13.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,338 shares of the company’s stock after purchasing an additional 4,123 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Duolingo worth $14,489,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of DUOL. Rise Advisors LLC increased its holdings in shares of Duolingo by 43.6% in the 1st quarter. Rise Advisors LLC now owns 79 shares of the company’s stock worth $25,000 after buying an additional 24 shares during the last quarter. Summit Securities Group LLC purchased a new position in Duolingo in the first quarter worth about $28,000. Brooklyn Investment Group increased its stake in Duolingo by 4,750.0% during the first quarter. Brooklyn Investment Group now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 95 shares during the last quarter. Garde Capital Inc. purchased a new stake in Duolingo during the first quarter valued at approximately $31,000. Finally, Kiker Wealth Management LLC bought a new stake in shares of Duolingo in the 2nd quarter valued at approximately $31,000. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

DUOL has been the topic of several analyst reports. Citizens Jmp cut their target price on Duolingo from $475.00 to $450.00 and set a “mkt outperform” rating on the stock in a research report on Monday, July 28th. DA Davidson lowered shares of Duolingo from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $500.00 to $300.00 in a research note on Thursday, September 4th. Zacks Research cut shares of Duolingo from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Duolingo in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Duolingo from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Twelve analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $416.68.

Duolingo Stock Down 2.0%

NASDAQ:DUOL opened at $324.02 on Friday. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 133.34, a price-to-earnings-growth ratio of 2.13 and a beta of 0.86. Duolingo, Inc. has a twelve month low of $256.63 and a twelve month high of $544.93. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $313.72 and a 200-day simple moving average of $380.86.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.36. The firm had revenue of $252.27 million for the quarter, compared to analysts’ expectations of $240.84 million. Duolingo had a net margin of 13.24% and a return on equity of 13.32%. The business’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. Analysts anticipate that Duolingo, Inc. will post 2.03 EPS for the current year.

Insiders Place Their Bets

In related news, insider Natalie Glance sold 3,283 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the transaction, the insider owned 116,171 shares of the company’s stock, valued at $36,280,203.30. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $288.94, for a total value of $2,889,400.00. Following the transaction, the insider owned 72 shares in the company, valued at $20,803.68. The trade was a 99.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,791 shares of company stock worth $26,918,301 in the last three months. Corporate insiders own 15.67% of the company’s stock.

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.