17,405 Shares in AppLovin Corporation (NASDAQ:APP) Purchased by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. purchased 17,405 shares of AppLovin Corporation, valued at approximately $4.61 million, during the first quarter, according to their recent SEC filing.
• Insider transactions included CFO Matthew Stumpf selling 9,714 shares for over $4.1 million, resulting in a 4.81% decrease in his ownership.
• AppLovin reported a Q2 EPS of $2.26, beating expectations, but revenue was below forecasts at $1.26 billion compared to the anticipated $1.37 billion.

ASR Vermogensbeheer N.V. bought a new position in AppLovin Corporation (NASDAQ:APP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 17,405 shares of the company's stock, valued at approximately $4,611,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in APP. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of AppLovin in the 4th quarter worth about $25,000. Atala Financial Inc bought a new stake in AppLovin in the 1st quarter worth about $26,000. Alpine Bank Wealth Management bought a new stake in AppLovin in the 1st quarter worth about $27,000. ORG Wealth Partners LLC bought a new stake in AppLovin in the 1st quarter worth about $29,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in AppLovin in the 1st quarter worth about $29,000. Institutional investors and hedge funds own 41.85% of the company's stock.

Insider Activity at AppLovin

In other AppLovin news, CFO Matthew Stumpf sold 9,714 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $423.00, for a total value of $4,109,022.00. Following the sale, the chief financial officer directly owned 192,421 shares in the company, valued at $81,394,083. This represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dawson Alyssa Harvey sold 513 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $420.30, for a total transaction of $215,613.90. Following the completion of the sale, the director owned 3,451 shares in the company, valued at $1,450,455.30. This represents a 12.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,212,968 shares of company stock worth $455,062,980 in the last ninety days. Insiders own 13.66% of the company's stock.

AppLovin Stock Performance

Shares of APP stock opened at $437.34 on Friday. The stock has a market capitalization of $147.99 billion, a P/E ratio of 62.12, a PEG ratio of 2.33 and a beta of 2.43. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 6.10. The firm's 50 day moving average is $365.28 and its 200 day moving average is $339.24. AppLovin Corporation has a 12 month low of $66.16 and a 12 month high of $525.15.

AppLovin (NASDAQ:APP - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $2.26 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.21. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.37 billion. AppLovin had a net margin of 45.72% and a return on equity of 274.45%. AppLovin's revenue was up 77.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. On average, sell-side analysts anticipate that AppLovin Corporation will post 6.87 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on APP shares. UBS Group upped their price objective on shares of AppLovin from $450.00 to $475.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Wall Street Zen raised shares of AppLovin from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. The Goldman Sachs Group upped their price objective on shares of AppLovin from $335.00 to $435.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Jefferies Financial Group upped their price objective on shares of AppLovin from $460.00 to $530.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of AppLovin from $400.00 to $425.00 and gave the stock a "neutral" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $472.33.

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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