Retirement Systems of Alabama Sells 175 Shares of Duolingo, Inc. (NASDAQ:DUOL)

Retirement Systems of Alabama lessened its stake in Duolingo, Inc. (NASDAQ:DUOL) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,478 shares of the company’s stock after selling 175 shares during the quarter. Retirement Systems of Alabama owned approximately 0.10% of Duolingo worth $12,826,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dragoneer Investment Group LLC bought a new position in shares of Duolingo in the second quarter valued at approximately $204,768,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Duolingo by 42.2% in 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. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Duolingo by 23.7% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 67,114 shares of the company’s stock valued at $14,005,000 after purchasing an additional 12,860 shares in the last quarter. Lisanti Capital Growth LLC lifted its holdings in shares of Duolingo by 17.8% in the third quarter. Lisanti Capital Growth LLC now owns 11,645 shares of the company’s stock valued at $3,284,000 after purchasing an additional 1,760 shares in the last quarter. Finally, Rockefeller Capital Management L.P. bought a new position in shares of Duolingo in the third quarter valued at approximately $4,350,000. Institutional investors own 91.59% of the company’s stock.

Insider Activity

In other news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $313.36, for a total value of $470,040.00. Following the completion of the transaction, the insider now directly owns 136,760 shares in the company, valued at approximately $42,855,113.60. The trade was a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Meese sold 4,819 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $240.02, for a total value of $1,156,656.38. Following the transaction, the insider now owns 157,053 shares of the company’s stock, valued at approximately $37,695,861.06. The trade was a 2.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 208,220 shares of company stock worth $69,516,702. 18.30% of the stock is owned by corporate insiders.

Duolingo Stock Performance

NASDAQ:DUOL opened at $338.07 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09. The business has a fifty day simple moving average of $317.36 and a two-hundred day simple moving average of $246.15. Duolingo, Inc. has a 1 year low of $145.05 and a 1 year high of $378.48. The company has a market capitalization of $14.87 billion, a P/E ratio of 184.74 and a beta of 0.85.

Duolingo (NASDAQ:DUOL) last released its earnings results on Wednesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. Duolingo had a return on equity of 11.74% and a net margin of 12.59%. The business had revenue of $192.59 million during the quarter, compared to the consensus estimate of $189.19 million. During the same period last year, the business posted $0.06 earnings per share. The business’s revenue for the quarter was up 39.9% on a year-over-year basis. On average, analysts expect that Duolingo, Inc. will post 2.02 earnings per share for the current year.

Analysts Set New Price Targets

DUOL has been the topic of a number of recent research reports. The Goldman Sachs Group raised their target price on Duolingo from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. DA Davidson lifted their price target on Duolingo from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Scotiabank started coverage on Duolingo in a report on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target on the stock. JMP Securities lowered Duolingo from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th. Finally, Needham & Company LLC lifted their price target on Duolingo from $310.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $352.40.

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.