Eduardo Vivas Sells 30,330 Shares of AppLovin Co. (NASDAQ:APP) Stock

AppLovin Co. (NASDAQ:APP) Director Eduardo Vivas sold 30,330 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $330.67, for a total transaction of $10,029,221.10. Following the completion of the sale, the director now directly owns 90,576 shares in the company, valued at $29,950,765.92. This represents a 25.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

AppLovin Stock Performance

APP stock opened at $336.75 on Friday. The company has a market cap of $113.01 billion, a P/E ratio of 102.05, a price-to-earnings-growth ratio of 4.05 and a beta of 1.86. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.41 and a quick ratio of 2.41. AppLovin Co. has a 1 year low of $35.79 and a 1 year high of $344.77. The stock’s fifty day moving average price is $201.91 and its 200-day moving average price is $126.00.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.33. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the company posted $0.30 EPS. The business’s quarterly revenue was up 38.6% compared to the same quarter last year. On average, equities analysts forecast that AppLovin Co. will post 4.06 earnings per share for the current year.

Institutional Trading of AppLovin

Large investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new stake in shares of AppLovin during the 3rd quarter valued at $25,000. DT Investment Partners LLC bought a new stake in AppLovin during the third quarter valued at about $27,000. Meeder Asset Management Inc. purchased a new stake in AppLovin in the third quarter worth about $27,000. Raleigh Capital Management Inc. bought a new position in shares of AppLovin in the third quarter worth about $29,000. Finally, Quest Partners LLC purchased a new position in shares of AppLovin during the 2nd quarter valued at about $33,000. 41.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on APP shares. Oppenheimer upped their price objective on shares of AppLovin from $260.00 to $480.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. The Goldman Sachs Group lowered AppLovin from a “buy” rating to a “neutral” rating and raised their price objective for the company from $103.00 to $150.00 in a research report on Monday, October 14th. BTIG Research increased their target price on AppLovin from $202.00 to $291.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Benchmark reaffirmed a “sell” rating and issued a $66.00 price target on shares of AppLovin in a research report on Thursday, November 7th. Finally, Citigroup increased their price objective on shares of AppLovin from $185.00 to $335.00 and gave the company a “buy” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $265.57.

AppLovin Company Profile

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.