111 Capital Acquires Shares of 3,525 AppLovin Co. (NASDAQ:APP)

111 Capital bought a new position in shares of AppLovin Co. (NASDAQ:APP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,525 shares of the company's stock, valued at approximately $1,142,000.

Several other institutional investors have also recently made changes to their positions in APP. Fuller & Thaler Asset Management Inc. bought a new position in shares of AppLovin during the fourth quarter valued at about $25,000. GHP Investment Advisors Inc. bought a new position in shares of AppLovin during the fourth quarter valued at about $25,000. Riverview Trust Co grew its stake in shares of AppLovin by 1,640.0% during the fourth quarter. Riverview Trust Co now owns 87 shares of the company's stock valued at $28,000 after buying an additional 82 shares during the last quarter. Tucker Asset Management LLC bought a new position in shares of AppLovin during the fourth quarter valued at about $28,000. Finally, Hemington Wealth Management grew its stake in shares of AppLovin by 78.4% during the fourth quarter. Hemington Wealth Management now owns 91 shares of the company's stock valued at $29,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 41.85% of the company's stock.

Insiders Place Their Bets

In other AppLovin news, CEO Arash Adam Foroughi sold 33,700 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $365.54, for a total transaction of $12,318,698.00. Following the completion of the sale, the chief executive officer now owns 2,760,363 shares of the company's stock, valued at approximately $1,009,023,091.02. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Vasily Shikin sold 17,500 shares of the company's stock in a transaction dated Monday, March 10th. The stock was 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 directly owns 88,389 shares of the company's stock, valued at $21,359,201.85. The trade was a 16.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,115,754 shares of company stock worth $411,165,970 in the last quarter. 14.69% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on APP shares. Loop Capital reaffirmed a "buy" rating and set a $650.00 price objective on shares of AppLovin in a research note on Friday, March 28th. JPMorgan Chase & Co. lifted their target price on shares of AppLovin from $270.00 to $355.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Bank of America lifted their target price on shares of AppLovin from $375.00 to $580.00 and gave the company a "buy" rating in a report on Thursday, February 13th. UBS Group raised their price target on shares of AppLovin from $450.00 to $475.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Finally, Piper Sandler lifted their target price on shares of AppLovin from $425.00 to $455.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $433.85.

AppLovin Price Performance

Shares of APP stock traded down $3.35 during mid-day trading on Friday, hitting $380.88. 7,834,410 shares of the stock were exchanged, compared to its average volume of 6,091,676. The firm has a fifty day moving average of $298.37 and a 200 day moving average of $328.36. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70. AppLovin Co. has a 52-week low of $60.67 and a 52-week high of $525.15. The company has a market cap of $128.88 billion, a PE ratio of 83.89, a price-to-earnings-growth ratio of 3.02 and a beta of 2.39.

AppLovin (NASDAQ:APP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.22. The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.38 billion. AppLovin had a net margin of 33.54% and a return on equity of 188.55%. The business's revenue for the quarter was up 40.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.67 EPS. Research analysts anticipate that AppLovin Co. will post 6.87 earnings per share for the current year.

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.