Arizona State Retirement System grew its stake in shares of Duolingo, Inc. (NYSE:DUOL - Get Rating) by 15.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,182 shares of the company's stock after purchasing an additional 687 shares during the quarter. Arizona State Retirement System's holdings in Duolingo were worth $369,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in DUOL. Durable Capital Partners LP boosted its position in Duolingo by 59.8% in the 1st quarter. Durable Capital Partners LP now owns 3,248,046 shares of the company's stock worth $308,922,000 after purchasing an additional 1,215,144 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Duolingo by 605.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,126,165 shares of the company's stock valued at $98,596,000 after buying an additional 966,604 shares in the last quarter. Alphabet Inc. purchased a new position in shares of Duolingo during the 3rd quarter valued at approximately $67,084,000. Vanguard Group Inc. lifted its holdings in Duolingo by 24.8% in the 3rd quarter. Vanguard Group Inc. now owns 2,357,551 shares of the company's stock valued at $224,510,000 after purchasing an additional 468,057 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Duolingo by 95.6% in the 1st quarter. BlackRock Inc. now owns 822,978 shares of the company's stock valued at $78,275,000 after purchasing an additional 402,222 shares in the last quarter. 63.16% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on DUOL shares. Needham & Company LLC lifted their target price on Duolingo from $115.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, May 10th. The Goldman Sachs Group boosted their target price on Duolingo from $92.00 to $109.00 and gave the stock a "neutral" rating in a research note on Thursday, March 2nd. Barclays boosted their target price on Duolingo from $131.00 to $136.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 10th. Piper Sandler lifted their price target on Duolingo from $127.00 to $167.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 10th. Finally, JMP Securities lifted their price target on Duolingo from $128.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, April 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Duolingo has a consensus rating of "Moderate Buy" and an average price target of $142.38.
Duolingo Trading Down 1.0 %
Shares of DUOL stock opened at $150.35 on Monday. The business's fifty day moving average price is $135.89 and its 200 day moving average price is $101.63. Duolingo, Inc. has a 1-year low of $64.73 and a 1-year high of $152.68. The firm has a market capitalization of $6.17 billion, a PE ratio of -120.28 and a beta of 0.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.65 and a quick ratio of 3.65.
Duolingo (NYSE:DUOL - Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.24) by $0.18. Duolingo had a negative return on equity of 9.22% and a negative net margin of 12.38%. The company had revenue of $115.66 million for the quarter, compared to the consensus estimate of $112.86 million. During the same period in the previous year, the business earned ($0.31) earnings per share. Duolingo's quarterly revenue was up 42.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Duolingo, Inc. will post -0.53 EPS for the current fiscal year.
In other news, insider Robert Meese sold 400 shares of the company's stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $150.00, for a total value of $60,000.00. Following the sale, the insider now directly owns 197,201 shares in the company, valued at $29,580,150. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Ahn Luis Von sold 153,514 shares of the firm's stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $118.34, for a total value of $18,166,846.76. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Meese sold 400 shares of the firm's stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $150.00, for a total value of $60,000.00. Following the sale, the insider now owns 197,201 shares in the company, valued at $29,580,150. The disclosure for this sale can be found here. Insiders have sold 254,122 shares of company stock worth $31,166,319 over the last three months. 22.12% of the stock is currently owned by corporate insiders.
Duolingo, Inc develops a language-learning website and mobile app in the United States and China. The company offers courses in 40 different languages, including Spanish, English, French, Japanese, German, Italian, Chinese, Portuguese, and others. It also provides a digital language proficiency assessment exam.
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