Duolingo, Inc. (NASDAQ:DUOL) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in shares of Duolingo, Inc. (NASDAQ:DUOL) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,221 shares of the company’s stock after acquiring an additional 300 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Duolingo were worth $3,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mount Lucas Management LP lifted its stake in shares of Duolingo by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after purchasing an additional 32 shares in the last quarter. CIBC Asset Management Inc lifted its position in Duolingo by 3.1% during the 3rd quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after acquiring an additional 32 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Duolingo by 19.3% in the 4th quarter. Fifth Third Bancorp now owns 260 shares of the company’s stock worth $84,000 after acquiring an additional 42 shares during the period. Bleakley Financial Group LLC grew its position in Duolingo by 6.1% in the fourth quarter. Bleakley Financial Group LLC now owns 995 shares of the company’s stock valued at $323,000 after acquiring an additional 57 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in shares of Duolingo by 2.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,294 shares of the company’s stock valued at $744,000 after purchasing an additional 59 shares during the period. 91.59% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Duolingo

In other Duolingo news, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $369.33, for a total value of $553,995.00. Following the completion of the transaction, the insider now directly owns 132,239 shares in the company, valued at $48,839,829.87. The trade was a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Severin Hacker sold 188,901 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $339.54, for a total value of $64,139,445.54. Following the transaction, the insider now directly owns 72 shares of the company’s stock, valued at $24,446.88. This trade represents a 99.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 302,355 shares of company stock valued at $104,015,597 in the last quarter. Insiders own 18.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on DUOL. JMP Securities reaffirmed a “market perform” rating on shares of Duolingo in a report on Friday, February 14th. Bank of America downgraded Duolingo from a “buy” rating to a “neutral” rating and raised their target price for the company from $355.00 to $375.00 in a research note on Wednesday, December 11th. Jefferies Financial Group started coverage on Duolingo in a research note on Friday, January 24th. They issued a “hold” rating and a $370.00 price target on the stock. Barclays raised their price objective on Duolingo from $183.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. Finally, Piper Sandler lifted their price objective on Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Duolingo presently has an average rating of “Moderate Buy” and a consensus target price of $355.55.

Duolingo Stock Down 2.0 %

DUOL stock opened at $432.52 on Thursday. The firm has a market cap of $19.03 billion, a price-to-earnings ratio of 236.35 and a beta of 0.89. Duolingo, Inc. has a 1-year low of $145.05 and a 1-year high of $441.77. The firm has a fifty day moving average price of $354.37 and a two-hundred day moving average price of $300.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.09 and a quick ratio of 3.09.

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.