New York State Common Retirement Fund Has $6.46 Million Stock Holdings in Duolingo, Inc. $DUOL

New York State Common Retirement Fund decreased its position in Duolingo, Inc. (NASDAQ:DUOL) by 53.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,067 shares of the company’s stock after selling 23,433 shares during the period. New York State Common Retirement Fund’s holdings in Duolingo were worth $6,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DUOL. Bryce Point Capital LLC acquired a new stake in Duolingo in the second quarter valued at about $946,000. Vanguard Group Inc. lifted its holdings in shares of Duolingo by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after acquiring an additional 116,135 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Duolingo in the second quarter worth about $14,377,000. Rhumbline Advisers boosted its stake in shares of Duolingo by 17.2% in the 2nd quarter. Rhumbline Advisers now owns 124,376 shares of the company’s stock valued at $50,997,000 after purchasing an additional 18,210 shares in the last quarter. Finally, Jefferies Financial Group Inc. grew its holdings in shares of Duolingo by 117.0% during the 2nd quarter. Jefferies Financial Group Inc. now owns 26,367 shares of the company’s stock valued at $10,811,000 after purchasing an additional 14,219 shares during the last quarter. 91.59% of the stock is owned by institutional investors.

Duolingo Trading Down 2.2%

NASDAQ:DUOL opened at $114.34 on Friday. Duolingo, Inc. has a 52 week low of $112.41 and a 52 week high of $544.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.82 and a current ratio of 2.82. The firm’s fifty day moving average is $169.89 and its 200-day moving average is $251.17. The firm has a market cap of $5.29 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.63 and a beta of 0.86.

Duolingo (NASDAQ:DUOL) last announced its earnings results on Wednesday, November 5th. The company reported $5.95 EPS for the quarter, beating the consensus estimate of $0.72 by $5.23. Duolingo had a return on equity of 14.02% and a net margin of 40.03%.The company had revenue of $271.71 million for the quarter, compared to analyst estimates of $260.14 million. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 41.1% compared to the same quarter last year. Equities analysts expect that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Insider Activity at Duolingo

In related news, insider Robert Meese sold 1,444 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $177.95, for a total transaction of $256,959.80. Following the transaction, the insider directly owned 123,636 shares of the company’s stock, valued at approximately $22,001,026.20. This represents a 1.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Natalie Glance sold 2,534 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $177.95, for a total value of $450,925.30. Following the transaction, the insider directly owned 113,637 shares in the company, valued at $20,221,704.15. The trade was a 2.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 33,169 shares of company stock worth $5,826,651. 15.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DUOL shares. Evercore ISI set a $330.00 price objective on shares of Duolingo and gave the company an “outperform” rating in a research note on Thursday, November 6th. Barclays dropped their price target on Duolingo from $390.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. Citizens Jmp lowered Duolingo from a “market outperform” rating to a “hold” rating in a research report on Thursday, November 6th. The Goldman Sachs Group lowered their target price on Duolingo from $425.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, Zacks Research lowered Duolingo from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Twelve equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $300.25.

Duolingo Profile

Duolingo, Inc (NASDAQ:DUOL) is a technology-driven education company that operates a widely used language-learning platform. Founded in 2011 by Luis von Ahn and Severin Hacker, Duolingo offers a freemium service featuring bite-sized lessons, gamified exercises and adaptive learning algorithms. The company’s core product is its mobile and web application, which supports instruction in more than 40 languages, ranging from widely spoken tongues such as English and Spanish to lesser-taught options including Irish and Swahili.

In addition to its flagship language courses, Duolingo has expanded its product suite to include the Duolingo English Test, an on-demand, computer-based English proficiency exam designed for academic and professional admissions.