Teachers Retirement System of The State of Kentucky Trims Stock Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Teachers Retirement System of The State of Kentucky lessened its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 64,094 shares of the company’s stock after selling 720 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Duolingo were worth $20,782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC raised its position in Duolingo by 90.9% in the third quarter. Barclays PLC now owns 42,613 shares of the company’s stock valued at $12,018,000 after purchasing an additional 20,289 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Duolingo in the 3rd quarter valued at $199,000. Tidal Investments LLC lifted its stake in Duolingo by 8.0% during the 3rd quarter. Tidal Investments LLC now owns 1,561 shares of the company’s stock worth $440,000 after acquiring an additional 115 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in Duolingo by 63.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 197,670 shares of the company’s stock valued at $55,747,000 after acquiring an additional 76,875 shares during the period. Finally, GAMMA Investing LLC grew its position in Duolingo by 60.1% in the 4th quarter. GAMMA Investing LLC now owns 570 shares of the company’s stock valued at $185,000 after acquiring an additional 214 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Barclays raised their price objective on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on Duolingo from $410.00 to $360.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. UBS Group decreased their target price on Duolingo from $430.00 to $400.00 and set a “buy” rating for the company in a report on Friday, April 11th. Jefferies Financial Group started coverage on Duolingo in a research report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target on the stock. Finally, JMP Securities reissued a “market perform” rating on shares of Duolingo in a research report on Friday, February 14th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $372.92.

Duolingo Trading Up 0.0 %

Shares of Duolingo stock opened at $326.50 on Monday. The company has a fifty day simple moving average of $332.83 and a 200-day simple moving average of $330.53. Duolingo, Inc. has a 12-month low of $145.05 and a 12-month high of $441.77. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. The stock has a market cap of $14.77 billion, a price-to-earnings ratio of 178.42 and a beta of 0.91.

Duolingo (NASDAQ:DUOL) last posted its earnings results on Thursday, February 27th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The firm had revenue of $209.55 million for the quarter, compared to analyst estimates of $205.49 million. On average, equities analysts forecast that Duolingo, Inc. will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling at Duolingo

In related news, General Counsel Stephen C. Chen sold 2,064 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.12, for a total value of $898,087.68. Following the completion of the sale, the general counsel now owns 34,634 shares in the company, valued at $15,069,946.08. This represents a 5.62 % decrease in their position. The transaction 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 Wednesday, February 5th. The stock was sold at an average price of $391.46, for a total transaction of $3,914,600.00. Following the transaction, the insider now directly owns 72 shares in the company, valued at $28,185.12. The trade was a 99.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 94,868 shares of company stock worth $32,093,700. 18.30% of the stock is owned by insiders.

Duolingo Company 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.