87 Shares in AppLovin Co. (NASDAQ:APP) Acquired by Tucker Asset Management LLC

Tucker Asset Management LLC acquired a new stake in AppLovin Co. (NASDAQ:APP) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 87 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in shares of AppLovin by 89.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 681 shares of the company’s stock valued at $89,000 after purchasing an additional 322 shares during the last quarter. Cerity Partners LLC increased its stake in shares of AppLovin by 36.3% in the 3rd quarter. Cerity Partners LLC now owns 18,120 shares of the company’s stock worth $2,366,000 after acquiring an additional 4,822 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of AppLovin by 9,300.0% in the 3rd quarter. Larson Financial Group LLC now owns 470 shares of the company’s stock worth $61,000 after buying an additional 465 shares during the last quarter. Private Trust Co. NA grew its stake in shares of AppLovin by 86.7% in the third quarter. Private Trust Co. NA now owns 788 shares of the company’s stock worth $103,000 after acquiring an additional 366 shares during the last quarter. Finally, Townsquare Capital LLC increased its stake in AppLovin by 64.9% during the 3rd quarter. Townsquare Capital LLC now owns 7,942 shares of the company’s stock valued at $1,037,000 after purchasing an additional 3,126 shares in the last quarter. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AppLovin

In other news, Director Herald Y. Chen sold 200,000 shares of AppLovin stock in a transaction on Friday, February 28th. The stock was sold at an average price of $324.65, for a total value of $64,930,000.00. Following the transaction, the director now directly owns 621,209 shares in the company, valued at approximately $201,675,501.85. This trade represents a 24.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Vasily Shikin sold 17,500 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $241.65, for a total transaction of $4,228,875.00. Following the completion of the transaction, the chief technology officer now owns 88,389 shares of the company’s stock, valued at $21,359,201.85. This represents a 16.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 306,900 shares of company stock worth $106,401,841 over the last three months. 14.69% of the stock is owned by corporate insiders.

AppLovin Trading Up 4.1 %

APP opened at $272.38 on Friday. AppLovin Co. has a one year low of $60.67 and a one year high of $525.15. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market cap of $92.60 billion, a price-to-earnings ratio of 60.00, a P/E/G ratio of 3.02 and a beta of 2.33. The stock’s 50 day moving average price is $351.86 and its 200-day moving average price is $283.07.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.61. AppLovin had a net margin of 33.54% and a return on equity of 188.55%. On average, equities analysts forecast that AppLovin Co. will post 6.87 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on APP. Jefferies Financial Group lifted their target price on AppLovin from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Benchmark increased their price target on shares of AppLovin from $375.00 to $525.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company set a $538.00 price objective on AppLovin and gave the company an “overweight” rating in a research report on Thursday, February 27th. UBS Group lifted their target price on shares of AppLovin from $440.00 to $630.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Arete Research set a $200.00 price target on AppLovin in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $435.47.

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.