AppLovin Corporation $APP Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC increased its holdings in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 73.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,737 shares of the company's stock after purchasing an additional 20,609 shares during the quarter. Calamos Advisors LLC's holdings in AppLovin were worth $32,840,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APP. Revolve Wealth Partners LLC purchased a new stake in AppLovin during the fourth quarter worth about $294,000. Bison Wealth LLC purchased a new stake in AppLovin during the fourth quarter worth about $239,000. Integrated Wealth Concepts LLC increased its stake in AppLovin by 58.0% during the first quarter. Integrated Wealth Concepts LLC now owns 1,692 shares of the company's stock worth $448,000 after purchasing an additional 621 shares during the period. NewEdge Advisors LLC increased its stake in AppLovin by 5.7% during the second quarter. NewEdge Advisors LLC now owns 14,523 shares of the company's stock worth $5,084,000 after purchasing an additional 782 shares during the period. Finally, Treasurer of the State of North Carolina increased its stake in AppLovin by 7.2% during the second quarter. Treasurer of the State of North Carolina now owns 139,189 shares of the company's stock worth $48,727,000 after purchasing an additional 9,380 shares during the period. 41.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APP has been the topic of a number of recent research reports. Needham & Company LLC reiterated a "buy" rating and set a $700.00 price target on shares of AppLovin in a research note on Wednesday, March 11th. Arete Research set a $340.00 price target on shares of AppLovin and gave the stock a "neutral" rating in a research note on Monday, March 2nd. Evercore reiterated a "buy" rating on shares of AppLovin in a research note on Friday, January 30th. Weiss Ratings lowered shares of AppLovin from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, March 10th. Finally, Jefferies Financial Group cut their price target on shares of AppLovin from $860.00 to $700.00 and set a "buy" rating on the stock in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $673.25.

Insider Transactions at AppLovin

In other news, CTO Vasily Shikin sold 62,804 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $486.43, for a total transaction of $30,549,749.72. Following the completion of the transaction, the chief technology officer directly owned 3,255,273 shares of the company's stock, valued at approximately $1,583,462,445.39. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eduardo Vivas sold 163,910 shares of the business's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $453.49, for a total value of $74,331,545.90. Following the transaction, the director directly owned 6,969,382 shares of the company's stock, valued at approximately $3,160,545,043.18. This represents a 2.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 365,244 shares of company stock valued at $169,584,607. 13.66% of the stock is currently owned by corporate insiders.

AppLovin Stock Performance

Shares of AppLovin stock opened at $448.29 on Friday. AppLovin Corporation has a one year low of $246.00 and a one year high of $745.61. The company has a market cap of $151.20 billion, a PE ratio of 45.98, a P/E/G ratio of 0.79 and a beta of 2.50. The company has a debt-to-equity ratio of 1.65, a quick ratio of 3.32 and a current ratio of 3.32. The business has a 50-day simple moving average of $433.47 and a 200-day simple moving average of $540.66.

AppLovin (NASDAQ:APP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $3.24 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $0.35. AppLovin had a return on equity of 245.64% and a net margin of 57.42%.The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the company posted $1.73 earnings per share. The business's revenue for the quarter was up 66.0% on a year-over-year basis. On average, equities research analysts forecast that AppLovin Corporation will post 15.72 EPS for the current fiscal year.

AppLovin Company Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin's technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin's offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.

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