Arizona State Retirement System Buys 723 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Arizona State Retirement System boosted its stake in Duolingo, Inc. (NASDAQ:DUOL) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,777 shares of the company’s stock after purchasing an additional 723 shares during the quarter. Arizona State Retirement System’s holdings in Duolingo were worth $3,170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. US Bancorp DE lifted its holdings in shares of Duolingo by 142.3% in the third quarter. US Bancorp DE now owns 2,450 shares of the company’s stock worth $691,000 after buying an additional 1,439 shares in the last quarter. Farther Finance Advisors LLC increased its holdings 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 during the period. Capital Performance Advisors LLP purchased a new stake in Duolingo in the 3rd quarter worth approximately $68,000. Assetmark Inc. boosted its holdings in Duolingo by 11.1% in the 3rd quarter. Assetmark Inc. now owns 2,054 shares of the company’s stock valued at $579,000 after purchasing an additional 206 shares during the period. Finally, Atria Investments Inc purchased a new position in shares of Duolingo during the 3rd quarter valued at $279,000. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Price Performance

DUOL stock opened at $295.56 on Monday. The firm has a market cap of $13.00 billion, a P/E ratio of 161.51 and a beta of 0.92. The firm’s fifty day moving average is $354.84 and its 200 day moving average is $314.76. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77. 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 (NASDAQ:DUOL) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.19). The business had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. Research analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DUOL shares. UBS Group increased their price objective on Duolingo from $408.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and raised their price target for the company from $355.00 to $375.00 in a report on Wednesday, December 11th. Jefferies Financial Group began coverage on Duolingo in a report on Friday, January 24th. They set a “hold” rating and a $370.00 price objective for the company. DA Davidson raised their target price on shares of Duolingo from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, JMP Securities reissued a “market perform” rating on shares of Duolingo in a research note on Friday, February 14th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $375.00.

Insider Activity at Duolingo

In related news, CEO Ahn Luis Von sold 41,759 shares of Duolingo stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Severin Hacker sold 188,901 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at $24,446.88. The trade was a 99.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 313,159 shares of company stock worth $107,512,184 in the last ninety days. 18.30% of the stock is owned by company insiders.

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.