Duolingo, Inc. (NASDAQ:DUOL) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in shares of Duolingo, Inc. (NASDAQ:DUOL) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,033 shares of the company’s stock after selling 8,181 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Duolingo worth $11,035,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. True Wealth Design LLC acquired a new position in Duolingo during the 3rd quarter valued at about $26,000. First Horizon Advisors Inc. acquired a new position in shares of Duolingo during the third quarter valued at approximately $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Duolingo during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its holdings in Duolingo by 164.6% during the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock worth $36,000 after purchasing an additional 79 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Duolingo in the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Stock Up 1.2 %

DUOL stock opened at $389.90 on Tuesday. 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 firm has a market capitalization of $17.15 billion, a P/E ratio of 213.06 and a beta of 0.89. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $441.77. The company’s 50 day simple moving average is $357.79 and its 200-day simple moving average is $306.82.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Bank of America cut Duolingo from a “buy” rating to a “neutral” rating and lifted their price target for the company from $355.00 to $375.00 in a research report on Wednesday, December 11th. Jefferies Financial Group started coverage on shares of Duolingo in a research report on Friday, January 24th. They issued a “hold” rating and a $370.00 price target on the stock. UBS Group upped their price target on shares of Duolingo from $408.00 to $410.00 and gave the company a “buy” rating in a report on Monday, January 27th. JMP Securities reiterated a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Finally, Scotiabank assumed coverage on shares of Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $355.55.

Insiders Place Their Bets

In other news, insider Severin Hacker sold 188,901 shares of Duolingo stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $339.54, for a total transaction of $64,139,445.54. Following the transaction, the insider now owns 72 shares in the company, valued at approximately $24,446.88. The trade was a 99.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ahn Luis Von sold 41,759 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $340.29, for a total value of $14,210,170.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,639 shares of company stock worth $105,445,057. Corporate insiders own 18.30% of the company’s stock.

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.