Sapient Capital LLC Has $340.23 Million Stock Position in AppLovin Co. (NASDAQ:APP)

Sapient Capital LLC boosted its stake in AppLovin Co. (NASDAQ:APP - Free Report) by 8.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,284,035 shares of the company's stock after purchasing an additional 95,589 shares during the quarter. AppLovin comprises about 6.7% of Sapient Capital LLC's holdings, making the stock its 2nd biggest position. Sapient Capital LLC owned 0.38% of AppLovin worth $340,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Revolve Wealth Partners LLC bought a new position in shares of AppLovin in the fourth quarter valued at $294,000. Yousif Capital Management LLC lifted its stake in shares of AppLovin by 4.0% in the fourth quarter. Yousif Capital Management LLC now owns 3,425 shares of the company's stock valued at $1,109,000 after buying an additional 132 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of AppLovin by 9.1% in the fourth quarter. Stephens Inc. AR now owns 7,224 shares of the company's stock valued at $2,339,000 after buying an additional 604 shares in the last quarter. Soltis Investment Advisors LLC bought a new position in shares of AppLovin in the fourth quarter valued at $308,000. Finally, Summit Trail Advisors LLC bought a new position in shares of AppLovin in the fourth quarter valued at $1,018,000. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AppLovin

In related news, CEO Arash Adam Foroughi sold 33,700 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $365.54, for a total transaction of $12,318,698.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig Scott Billings sold 12,000 shares of AppLovin stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $353.12, for a total transaction of $4,237,440.00. Following the sale, the director now owns 2,987 shares of the company's stock, valued at approximately $1,054,769.44. The trade was a 80.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,212,968 shares of company stock valued at $455,062,980. Corporate insiders own 13.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APP. HSBC set a $436.00 price objective on shares of AppLovin and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Arete Research set a $200.00 price target on shares of AppLovin in a research report on Wednesday, March 5th. Needham & Company LLC reissued a "hold" rating on shares of AppLovin in a research report on Wednesday, May 28th. Oppenheimer reissued an "outperform" rating and set a $500.00 price target (down from $560.00) on shares of AppLovin in a research report on Thursday, May 8th. Finally, Piper Sandler raised their price target on shares of AppLovin from $425.00 to $455.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued 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, AppLovin presently has a consensus rating of "Moderate Buy" and a consensus target price of $438.10.

AppLovin Stock Performance

Shares of APP traded down $16.09 during trading hours on Friday, hitting $364.49. The company's stock had a trading volume of 4,342,573 shares, compared to its average volume of 6,124,940. The company has a market cap of $123.34 billion, a price-to-earnings ratio of 80.28, a PEG ratio of 3.02 and a beta of 2.53. 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 has a 50 day simple moving average of $324.29 and a two-hundred day simple moving average of $334.22. AppLovin Co. has a 52-week low of $60.67 and a 52-week high of $525.15.

AppLovin (NASDAQ:APP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.45 by $0.22. The company 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%. AppLovin's revenue for the quarter was up 40.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share. On average, equities analysts expect that AppLovin Co. will post 6.87 earnings per share for the current fiscal 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.