Illinois Municipal Retirement Fund Buys Shares of 3,280 Duolingo, Inc. (NASDAQ:DUOL)

Illinois Municipal Retirement Fund bought a new stake in shares of Duolingo, Inc. (NASDAQ:DUOL) in the fourth quarter, Holdings Channel reports. The fund bought 3,280 shares of the company’s stock, valued at approximately $744,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Baillie Gifford & Co. grew its holdings in shares of Duolingo by 5.0% during the third quarter. Baillie Gifford & Co. now owns 4,488,629 shares of the company’s stock worth $744,529,000 after purchasing an additional 213,552 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Duolingo by 4.0% during the third quarter. Vanguard Group Inc. now owns 3,191,139 shares of the company’s stock worth $529,314,000 after purchasing an additional 122,209 shares in the last quarter. FMR LLC grew its holdings in shares of Duolingo by 37.9% during the third quarter. FMR LLC now owns 1,019,641 shares of the company’s stock worth $169,128,000 after purchasing an additional 280,051 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Duolingo by 147.6% during the third quarter. Wellington Management Group LLP now owns 602,200 shares of the company’s stock worth $99,887,000 after purchasing an additional 358,938 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Duolingo by 4.9% during the third quarter. Acadian Asset Management LLC now owns 366,526 shares of the company’s stock worth $60,775,000 after purchasing an additional 17,097 shares in the last quarter. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Duolingo Stock Performance

Shares of DUOL stock opened at $228.94 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.24 and a current ratio of 3.24. Duolingo, Inc. has a fifty-two week low of $116.82 and a fifty-two week high of $245.87. The stock has a 50 day moving average price of $213.67 and a two-hundred day moving average price of $203.78. The company has a market capitalization of $9.82 billion, a P/E ratio of 673.37 and a beta of 0.84.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. Duolingo had a return on equity of 2.64% and a net margin of 3.03%. The firm had revenue of $150.99 million during the quarter, compared to the consensus estimate of $146.98 million. Analysts expect that Duolingo, Inc. will post 1.38 earnings per share for the current year.

Analyst Ratings Changes

DUOL has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their price objective on Duolingo from $160.00 to $190.00 and gave the stock a “sell” rating in a report on Thursday, February 29th. Seaport Res Ptn reissued a “buy” rating on shares of Duolingo in a report on Tuesday, February 27th. Piper Sandler boosted their target price on Duolingo from $217.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, February 29th. UBS Group boosted their target price on Duolingo from $230.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, Needham & Company LLC boosted their target price on Duolingo from $210.00 to $241.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $245.13.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $180.07, for a total value of $270,105.00. Following the completion of the sale, the insider now owns 129,188 shares in the company, valued at $23,262,883.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Duolingo news, CEO Ahn Luis Von sold 13,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $208.34, for a total value of $2,833,424.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Natalie Glance sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $180.07, for a total value of $270,105.00. Following the transaction, the insider now owns 129,188 shares of the company’s stock, valued at approximately $23,262,883.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 113,223 shares of company stock worth $23,682,665. 19.85% of the stock is currently 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.