Swedbank AB Has $35.53 Million Position in AppLovin Co. (NASDAQ:APP)

Swedbank AB lifted its holdings in AppLovin Co. (NASDAQ:APP) by 13.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 109,708 shares of the company’s stock after purchasing an additional 13,253 shares during the quarter. Swedbank AB’s holdings in AppLovin were worth $35,527,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in shares of AppLovin in the third quarter valued at about $25,000. DT Investment Partners LLC bought a new stake in AppLovin in the 3rd quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new position in AppLovin during the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. bought a new position in shares of AppLovin during the 3rd quarter worth approximately $29,000. Finally, Fifth Third Bancorp raised its holdings in shares of AppLovin by 172.2% in the fourth quarter. Fifth Third Bancorp now owns 98 shares of the company’s stock valued at $32,000 after purchasing an additional 62 shares during the last quarter. 41.85% of the stock is owned by institutional investors.

AppLovin Stock Performance

NASDAQ:APP opened at $365.51 on Friday. The stock has a 50 day simple moving average of $340.85 and a 200 day simple moving average of $205.26. The stock has a market cap of $122.66 billion, a P/E ratio of 110.76, a PEG ratio of 2.96 and a beta of 2.29. AppLovin Co. has a 1-year low of $40.71 and a 1-year high of $417.64. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 3.70.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, November 6th. The company reported $1.25 earnings per share for the quarter, topping 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 company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The company’s revenue was up 38.6% on a year-over-year basis. Research analysts anticipate that AppLovin Co. will post 4.06 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on APP. Daiwa America upgraded shares of AppLovin from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Benchmark started coverage on shares of AppLovin in a research note on Friday, January 10th. They set a “buy” rating and a $375.00 price objective for the company. BTIG Research lifted their target price on AppLovin from $202.00 to $291.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. UBS Group increased their price target on AppLovin from $315.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. boosted their price target on AppLovin from $200.00 to $325.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, AppLovin presently has an average rating of “Moderate Buy” and an average target price of $366.29.

Insider Buying and Selling at AppLovin

In other news, CTO Vasily Shikin sold 593,588 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $319.37, for a total transaction of $189,574,199.56. Following the sale, the chief technology officer now directly owns 3,919,024 shares of the company’s stock, valued at approximately $1,251,618,694.88. This represents a 13.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Victoria Valenzuela sold 15,971 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $313.07, for a total value of $5,000,040.97. Following the completion of the transaction, the insider now owns 372,205 shares in the company, valued at $116,526,219.35. The trade was a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 888,867 shares of company stock valued at $284,773,062 in the last quarter. Company insiders own 14.69% of the company’s stock.

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.