Texas Permanent School Fund Corp Sells 3,631 Shares of Duolingo, Inc. $DUOL

Texas Permanent School Fund Corp lessened its holdings in Duolingo, Inc. (NASDAQ:DUOL) by 33.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,244 shares of the company’s stock after selling 3,631 shares during the period. Texas Permanent School Fund Corp’s holdings in Duolingo were worth $2,970,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Duolingo by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,647,951 shares of the company’s stock worth $1,495,733,000 after purchasing an additional 116,135 shares in the last quarter. State Street Corp grew its holdings in Duolingo by 0.5% during the second quarter. State Street Corp now owns 1,164,387 shares of the company’s stock worth $477,422,000 after buying an additional 6,109 shares in the last quarter. Geode Capital Management LLC grew its holdings in Duolingo by 3.2% during the second quarter. Geode Capital Management LLC now owns 759,956 shares of the company’s stock worth $311,930,000 after buying an additional 23,356 shares in the last quarter. Norges Bank purchased a new stake in Duolingo in the 2nd quarter valued at $192,965,000. Finally, AQR Capital Management LLC lifted its stake in Duolingo by 105.9% during the 2nd quarter. AQR Capital Management LLC now owns 415,221 shares of the company’s stock valued at $170,249,000 after acquiring an additional 213,529 shares in the last quarter. Institutional investors own 91.59% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on DUOL shares. Wall Street Zen lowered shares of Duolingo from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. DA Davidson reduced their price objective on shares of Duolingo from $220.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, December 3rd. Citizens Jmp cut shares of Duolingo from a “market outperform” rating to a “hold” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Duolingo in a report on Monday. Finally, Baird R W upgraded Duolingo to a “hold” rating in a report on Friday, September 5th. Ten equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $329.44.

Insider Transactions at Duolingo

In related news, insider Natalie Glance sold 3,283 shares of Duolingo stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $312.30, for a total value of $1,025,280.90. Following the completion of the sale, the insider owned 116,171 shares of the company’s stock, valued at approximately $36,280,203.30. This trade represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Severin Hacker sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $263.13, for a total value of $2,631,300.00. Following the completion of the sale, the insider owned 72 shares in the company, valued at $18,945.36. This represents a 99.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 66,452 shares of company stock worth $15,846,732. 15.67% of the stock is owned by company insiders.

Duolingo Stock Up 1.7%

Duolingo stock opened at $185.96 on Friday. The firm has a 50 day moving average price of $228.41 and a 200-day moving average price of $315.74. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.07. Duolingo, Inc. has a twelve month low of $166.27 and a twelve month high of $544.93. The company has a market capitalization of $8.60 billion, a P/E ratio of 23.57, a P/E/G ratio of 1.15 and a beta of 0.86.

Duolingo (NASDAQ:DUOL) last posted its quarterly earnings data 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 business had revenue of $271.71 million for the quarter, compared to the consensus estimate of $260.14 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. Duolingo’s revenue for the quarter was up 41.1% on a year-over-year basis. As a group, equities analysts predict that Duolingo, Inc. will post 2.03 EPS for the current year.

Duolingo Company 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.