AppLovin (NASDAQ:APP) Shares Down 0.2% - What's Next?

Shares of AppLovin Co. (NASDAQ:APP - Get Free Report) traded down 0.2% on Tuesday . The company traded as low as $282.70 and last traded at $284.31. 1,753,008 shares were traded during mid-day trading, a decline of 70% from the average session volume of 5,870,609 shares. The stock had previously closed at $284.98.

Analyst Ratings Changes

A number of research firms recently commented on APP. JPMorgan Chase & Co. decreased their target price on AppLovin from $475.00 to $270.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Benchmark lifted their price objective on shares of AppLovin from $375.00 to $525.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Jefferies Financial Group increased their price objective 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. Morgan Stanley raised shares of AppLovin from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $470.00 to $350.00 in a report on Thursday, April 10th. Finally, Piper Sandler reduced their price objective on AppLovin from $575.00 to $425.00 and set an "overweight" rating for the company in a research note on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $415.15.

AppLovin Price Performance

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 stock has a market capitalization of $97.40 billion, a price-to-earnings ratio of 63.02, a price-to-earnings-growth ratio of 3.02 and a beta of 2.39. The stock has a 50 day moving average price of $286.98 and a 200-day moving average price of $303.11.

AppLovin (NASDAQ:APP - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $1.73 earnings per share (EPS) for the quarter, topping 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, analysts forecast that AppLovin Co. will post 6.87 earnings per share for the current year.

Insider Transactions at AppLovin

In other news, CTO Vasily Shikin sold 17,500 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $241.65, for a total value of $4,228,875.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Arash Adam Foroughi sold 44,400 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $410.89, for a total value of $18,243,516.00. Following the sale, the chief executive officer now directly owns 2,869,492 shares of the company's stock, valued at approximately $1,179,045,567.88. This trade represents a 1.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 306,900 shares of company stock worth $106,401,841 in the last ninety days. Insiders own 14.69% of the company's stock.

Hedge Funds Weigh In On AppLovin

Hedge funds have recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new stake in AppLovin during the 4th quarter worth approximately $25,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of AppLovin during the fourth quarter worth approximately $25,000. Atala Financial Inc purchased a new position in AppLovin in the first quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new position in AppLovin during the 1st quarter worth approximately $27,000. Finally, Riverview Trust Co grew its holdings in AppLovin by 1,640.0% during the 4th quarter. Riverview Trust Co now owns 87 shares of the company's stock worth $28,000 after acquiring an additional 82 shares in the last quarter. Institutional investors and hedge funds own 41.85% 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.

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