Louisiana State Employees Retirement System Invests $1.14 Million in Duolingo, Inc. $DUOL

Louisiana State Employees Retirement System bought a new position in shares of Duolingo, Inc. (NASDAQ:DUOL) during the first quarter, Holdings Channel reports. The fund bought 11,600 shares of the company’s stock, valued at approximately $1,143,000.

Other hedge funds have also modified their holdings of the company. EFG International AG acquired a new position in shares of Duolingo in the 4th quarter valued at $26,000. AlphaCentric Advisors LLC acquired a new stake in Duolingo during the 4th quarter worth about $33,000. Banque Cantonale Vaudoise raised its holdings in Duolingo by 51.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 340 shares of the company’s stock worth $34,000 after buying an additional 115 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Duolingo during the fourth quarter valued at about $43,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in Duolingo during the third quarter valued at about $47,000. 91.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on DUOL shares. JPMorgan Chase & Co. raised their target price on shares of Duolingo from $92.00 to $94.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. DA Davidson restated a “neutral” rating and issued a $120.00 price target on shares of Duolingo in a research report on Monday, June 29th. Weiss Ratings raised shares of Duolingo from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. KeyCorp reiterated a “sector weight” rating on shares of Duolingo in a research report on Thursday, June 4th. Finally, Argus reissued a “hold” rating on shares of Duolingo in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $175.41.

Insider Buying and Selling at Duolingo

In other Duolingo news, insider Robert Meese sold 1,420 shares of Duolingo stock in a transaction on Friday, May 15th. The shares were sold at an average price of $112.16, for a total transaction of $159,267.20. Following the completion of the sale, the insider owned 170,745 shares of the company’s stock, valued at $19,150,759.20. This trade represents a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, General Counsel Stephen C. Chen sold 1,977 shares of Duolingo stock in a transaction on Monday, May 18th. The shares were sold at an average price of $113.61, for a total transaction of $224,606.97. Following the sale, the general counsel directly owned 52,807 shares of the company’s stock, valued at $5,999,403.27. This trade represents a 3.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 9,506 shares of company stock worth $1,073,864. 16.62% of the stock is currently owned by company insiders.

Duolingo Stock Performance

NASDAQ:DUOL opened at $125.76 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.62 and a quick ratio of 2.62. Duolingo, Inc. has a fifty-two week low of $87.89 and a fifty-two week high of $468.00. The stock’s 50-day moving average is $114.19 and its two-hundred day moving average is $123.03. The stock has a market cap of $5.86 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 0.98 and a beta of 0.88.

Duolingo (NASDAQ:DUOL) last issued its earnings results on Monday, May 4th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. The company had revenue of $291.97 million for the quarter, compared to the consensus estimate of $288.60 million. Duolingo had a return on equity of 14.07% and a net margin of 38.44%.The firm’s quarterly revenue was up 26.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. As a group, equities research analysts forecast that Duolingo, Inc. will post 2.76 earnings per share for the current fiscal year.

Duolingo 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.