668 Shares in AppLovin Co. (NASDAQ:APP) Purchased by PFW Advisors LLC

PFW Advisors LLC acquired a new position in shares of AppLovin Co. (NASDAQ:APP) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 668 shares of the company’s stock, valued at approximately $216,000.

Several other large investors also recently bought and sold shares of the company. TD Asset Management Inc increased its holdings in AppLovin by 6.1% in the 2nd quarter. TD Asset Management Inc now owns 13,735 shares of the company’s stock valued at $1,143,000 after purchasing an additional 793 shares during the last quarter. National Bank of Canada FI raised its position in AppLovin by 77.2% in the 2nd quarter. National Bank of Canada FI now owns 964 shares of the company’s stock valued at $82,000 after purchasing an additional 420 shares during the last quarter. Private Advisor Group LLC boosted its stake in AppLovin by 98.6% during the 2nd quarter. Private Advisor Group LLC now owns 7,144 shares of the company’s stock worth $595,000 after purchasing an additional 3,547 shares during the period. Acadian Asset Management LLC grew its position in AppLovin by 21.1% during the 2nd quarter. Acadian Asset Management LLC now owns 19,781 shares of the company’s stock worth $1,642,000 after purchasing an additional 3,442 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in AppLovin in the second quarter valued at $33,000. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APP has been the topic of several analyst reports. BTIG Research lifted their target price on AppLovin from $202.00 to $291.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. UBS Group upgraded shares of AppLovin from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $145.00 in a research note on Tuesday, September 17th. Piper Sandler started coverage on AppLovin in a research note on Wednesday, November 20th. They set an “overweight” rating and a $400.00 price target on the stock. The Goldman Sachs Group downgraded 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 note on Monday, October 14th. Finally, Jefferies Financial Group upped their target price on AppLovin from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $338.06.

Insider Transactions at AppLovin

In other AppLovin news, insider Victoria Valenzuela sold 15,971 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 372,205 shares of the company’s stock, valued at $116,526,219.35. This represents a 4.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dawson Alyssa Harvey sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $406.27, for a total transaction of $203,135.00. Following the sale, the director now directly owns 6,684 shares of the company’s stock, valued at $2,715,508.68. The trade was a 6.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 888,867 shares of company stock valued at $284,773,062. Corporate insiders own 14.69% of the company’s stock.

AppLovin Trading Down 0.9 %

APP stock traded down $2.80 during trading on Monday, reaching $315.68. 3,797,745 shares of the stock traded hands, compared to its average volume of 4,541,532. The firm has a market capitalization of $105.94 billion, a PE ratio of 95.66, a P/E/G ratio of 4.17 and a beta of 2.29. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.41 and a quick ratio of 2.41. The business’s 50 day moving average price is $318.41 and its 200-day moving average price is $181.16. AppLovin Co. has a 52-week low of $39.43 and a 52-week high of $417.64.

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

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.