Duolingo, Inc. (NASDAQ:DUOL) Stake Raised by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,221 shares of the company’s stock after buying an additional 300 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Duolingo were worth $3,962,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. FMR LLC raised its stake in Duolingo by 26.9% during the 3rd quarter. FMR LLC now owns 2,663,234 shares of the company’s stock valued at $751,085,000 after acquiring an additional 564,173 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Duolingo by 30,909.9% during the third quarter. International Assets Investment Management LLC now owns 355,063 shares of the company’s stock valued at $100,135,000 after purchasing an additional 353,918 shares during the period. Spyglass Capital Management LLC bought a new stake in shares of Duolingo during the third quarter valued at about $38,512,000. Charles Schwab Investment Management Inc. lifted its holdings in Duolingo by 42.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock worth $96,530,000 after purchasing an additional 101,653 shares during the period. Finally, Bamco Inc. NY bought a new position in Duolingo in the 3rd quarter valued at about $25,808,000. 91.59% of the stock is owned by institutional investors.

Insider Transactions at Duolingo

In other news, General Counsel Stephen C. Chen sold 2,064 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Natalie Glance sold 2,667 shares of Duolingo stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $435.28, for a total value of $1,160,891.76. Following the transaction, the insider now owns 129,572 shares in the company, valued at $56,400,100.16. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 302,355 shares of company stock valued at $104,015,597 over the last ninety days. Corporate insiders own 18.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on DUOL shares. Barclays boosted their price target on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Piper Sandler boosted their target price on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Jefferies Financial Group initiated coverage on Duolingo in a research note on Friday, January 24th. They set a “hold” rating and a $370.00 price target for the company. The Goldman Sachs Group boosted their price objective on Duolingo from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, JMP Securities restated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Seven investment 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’s stock. According to data from MarketBeat, Duolingo currently has an average rating of “Moderate Buy” and an average target price of $355.55.

Duolingo Price Performance

NASDAQ DUOL opened at $432.52 on Thursday. The company has a current ratio of 3.09, a quick ratio of 3.09 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $441.77. The company has a market cap of $19.03 billion, a PE ratio of 236.35 and a beta of 0.89. The stock’s 50-day moving average price is $354.37 and its two-hundred day moving average price is $300.95.

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.