Arizona State Retirement System Has $3.17 Million Holdings in Duolingo, Inc. (NASDAQ:DUOL)

Arizona State Retirement System lifted its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,777 shares of the company’s stock after buying 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.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE boosted its position in shares of Duolingo by 142.3% during the 3rd quarter. US Bancorp DE now owns 2,450 shares of the company’s stock worth $691,000 after purchasing an additional 1,439 shares in the last quarter. Farther Finance Advisors LLC raised its stake 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 buying an additional 79 shares during the period. Capital Performance Advisors LLP bought a new position in Duolingo in the third quarter worth approximately $68,000. Assetmark Inc. grew its stake in Duolingo by 11.1% in the third quarter. Assetmark Inc. now owns 2,054 shares of the company’s stock valued at $579,000 after acquiring an additional 206 shares during the period. Finally, Atria Investments Inc bought a new stake in shares of Duolingo during the third quarter valued at approximately $279,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Wall Street Analysts Forecast Growth

DUOL has been the topic of a number of recent research reports. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. The Goldman Sachs Group raised their price objective on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. DA Davidson boosted their target price on shares of Duolingo from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Barclays raised their price target on shares of Duolingo from $295.00 to $330.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. lifted their price target on Duolingo from $400.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $375.00.

Duolingo Price Performance

Duolingo stock opened at $295.56 on Monday. The stock has a market cap of $13.00 billion, a P/E ratio of 161.51 and a beta of 0.92. The company has a quick ratio of 3.09, a current ratio of 3.09 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average price is $354.84 and its two-hundred day moving average price is $314.76. Duolingo, Inc. has a 52 week low of $145.05 and a 52 week high of $441.77.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). The business had revenue of $209.55 million during the quarter, compared to analysts’ expectations of $205.49 million. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. On average, equities analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling

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

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.