AppLovin Co. (NASDAQ:APP) Holdings Lowered by Hantz Financial Services Inc.

Hantz Financial Services Inc. lowered its stake in AppLovin Co. (NASDAQ:APP) by 60.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,113 shares of the company’s stock after selling 3,217 shares during the quarter. Hantz Financial Services Inc.’s holdings in AppLovin were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of APP. Capital Performance Advisors LLP purchased a new position in shares of AppLovin in the third quarter worth approximately $25,000. DT Investment Partners LLC purchased a new position in AppLovin during the 3rd quarter worth approximately $27,000. Meeder Asset Management Inc. purchased a new position in AppLovin during the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. acquired a new stake in AppLovin during the 3rd quarter valued at $29,000. Finally, Fifth Third Bancorp boosted its position in shares of AppLovin by 172.2% in the fourth quarter. Fifth Third Bancorp now owns 98 shares of the company’s stock worth $32,000 after buying an additional 62 shares during the period. Institutional investors and hedge funds own 41.85% of the company’s stock.

AppLovin Price Performance

NASDAQ APP opened at $369.59 on Friday. The stock has a market capitalization of $124.03 billion, a PE ratio of 112.00, a P/E/G ratio of 2.97 and a beta of 2.29. The stock has a 50-day simple moving average of $341.58 and a 200 day simple moving average of $207.22. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.41 and a current ratio of 2.41. AppLovin Co. has a twelve month low of $40.71 and a twelve month high of $417.64.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.33. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. AppLovin’s revenue for the quarter was up 38.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. Research analysts anticipate that AppLovin Co. will post 4.09 EPS for the current year.

Wall Street Analyst Weigh In

APP has been the topic of several recent analyst reports. The Goldman Sachs Group upped their price target on AppLovin from $220.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Oppenheimer restated an “outperform” rating and set a $480.00 price target on shares of AppLovin in a report on Tuesday, December 10th. JPMorgan Chase & Co. upped their price objective on shares of AppLovin from $200.00 to $325.00 and gave the company a “neutral” rating in a research note on Friday, January 10th. Jefferies Financial Group upped their price target on shares of AppLovin from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, Benchmark began coverage on AppLovin in a research note on Friday, January 10th. They issued a “buy” rating and a $375.00 target price on the stock. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, AppLovin has a consensus rating of “Moderate Buy” and an average price target of $366.29.

Insider Activity

In related news, CEO Arash Adam Foroughi sold 1,676 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $356.39, for a total value of $597,309.64. Following the completion of the transaction, the chief executive officer now directly owns 3,058,635 shares in the company, valued at approximately $1,090,066,927.65. This represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Victoria Valenzuela sold 15,971 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $313.07, for a total transaction of $5,000,040.97. Following the completion of the sale, the insider now directly owns 372,205 shares in the company, valued at $116,526,219.35. This trade represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 888,867 shares of company stock valued at $284,773,062. Insiders own 14.69% of the company’s stock.

AppLovin 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.