Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 118 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 8,370 shares of the company’s stock after buying an additional 118 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Duolingo were worth $2,714,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in DUOL. Quest Partners LLC bought a new stake in shares of Duolingo during the third quarter valued at approximately $105,000. Pathstone Holdings LLC grew its stake in Duolingo by 15.3% during the third quarter. Pathstone Holdings LLC now owns 5,242 shares of the company’s stock valued at $1,478,000 after acquiring an additional 694 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Duolingo by 5.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,118 shares of the company’s stock worth $1,443,000 after purchasing an additional 280 shares in the last quarter. First Horizon Advisors Inc. bought a new position in shares of Duolingo during the 3rd quarter valued at about $29,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Duolingo by 42.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 342,280 shares of the company’s stock valued at $96,530,000 after purchasing an additional 101,653 shares in the last quarter. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Duolingo

In other news, insider Severin Hacker sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $298.25, for a total transaction of $2,982,500.00. Following the transaction, the insider now owns 72 shares in the company, valued at approximately $21,474. This trade represents a 99.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Natalie Glance sold 9,020 shares of Duolingo stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $290.59, for a total value of $2,621,121.80. Following the completion of the sale, the insider now owns 130,733 shares of the company’s stock, valued at $37,989,702.47. The trade was a 6.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,499 shares of company stock valued at $32,677,268. 18.30% of the stock is currently owned by company insiders.

Duolingo Price Performance

Shares of DUOL stock opened at $330.00 on Tuesday. The stock has a 50 day moving average price of $347.86 and a 200 day moving average price of $321.31. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09. The firm has a market capitalization of $14.93 billion, a P/E ratio of 180.33 and a beta of 0.92.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Thursday, February 27th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.19). The company had revenue of $209.55 million for the quarter, compared to analysts’ expectations of $205.49 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. As a group, sell-side analysts predict that Duolingo, Inc. will post 2.03 earnings per share for the current year.

Analyst Ratings Changes

DUOL has been the topic of a number of research analyst reports. Barclays boosted their target price on Duolingo from $295.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Citizens Jmp raised shares of Duolingo from a “market perform” rating to an “outperform” rating and set a $400.00 target price for the company in a report on Tuesday, March 18th. Needham & Company LLC upped their price target on shares of Duolingo from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, February 28th. UBS Group set a $400.00 price objective on shares of Duolingo in a research note on Tuesday, March 18th. Finally, The Goldman Sachs Group upped their target price on shares of Duolingo from $275.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Duolingo has a consensus rating of “Moderate Buy” and a consensus target price of $376.25.

About Duolingo

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.