BW Gestao de Investimentos Ltda. Has $3.02 Million Holdings in AppLovin Corporation $APP

Key Points

• BW Gestao de Investimentos Ltda. reduced its holdings in AppLovin Corporation by 40.0%, selling 7,600 shares and retaining 11,400 shares worth approximately $3,021,000.
• AppLovin's stock price opened at $481.73, with a market capitalization of $162.95 billion and recent earnings exceeding analyst estimates, reporting $2.26 earnings per share.
• Insiders, including CTO Vasily Shikin and Director Eduardo Vivas, made significant stock sales totaling over $71 million in the last 90 days, reflecting a decrease in their ownership percentages.

BW Gestao de Investimentos Ltda. lowered its position in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 40.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,400 shares of the company's stock after selling 7,600 shares during the quarter. BW Gestao de Investimentos Ltda.'s holdings in AppLovin were worth $3,021,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in APP. Dynasty Wealth Management LLC raised its holdings in shares of AppLovin by 117,664.4% during the first quarter. Dynasty Wealth Management LLC now owns 2,702,694 shares of the company's stock valued at $716,133,000 after acquiring an additional 2,700,399 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of AppLovin by 36.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company's stock valued at $1,745,752,000 after acquiring an additional 1,769,400 shares during the period. Vanguard Group Inc. raised its holdings in shares of AppLovin by 7.3% during the first quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company's stock valued at $4,724,594,000 after acquiring an additional 1,213,536 shares during the period. Baillie Gifford & Co. raised its holdings in shares of AppLovin by 29.0% during the first quarter. Baillie Gifford & Co. now owns 5,270,355 shares of the company's stock valued at $1,396,486,000 after acquiring an additional 1,185,859 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of AppLovin by 86.5% during the first quarter. Jennison Associates LLC now owns 2,386,980 shares of the company's stock valued at $632,478,000 after acquiring an additional 1,107,104 shares during the period. Institutional investors and hedge funds own 41.85% of the company's stock.

AppLovin Stock Down 1.9%

APP stock traded down $9.73 during trading hours on Friday, hitting $490.24. The company's stock had a trading volume of 8,102,116 shares, compared to its average volume of 5,036,863. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 3.01. The company has a market capitalization of $165.82 billion, a PE ratio of 69.64, a price-to-earnings-growth ratio of 2.79 and a beta of 2.44. AppLovin Corporation has a 12 month low of $82.51 and a 12 month high of $525.15. The stock has a 50 day moving average price of $402.06 and a two-hundred day moving average price of $348.80.

AppLovin (NASDAQ:APP - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.05 by $0.21. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.37 billion. AppLovin had a net margin of 45.72% and a return on equity of 252.67%. The company's revenue for the quarter was up 77.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. On average, equities research analysts expect that AppLovin Corporation will post 6.87 earnings per share for the current year.

Analysts Set New Price Targets

APP has been the topic of a number of recent analyst reports. Wedbush restated an "outperform" rating and set a $620.00 price target on shares of AppLovin in a report on Thursday, August 7th. Zacks Research upgraded shares of AppLovin to a "strong-buy" rating in a research note on Friday, August 8th. Wells Fargo & Company upped their price objective on shares of AppLovin from $480.00 to $491.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Needham & Company LLC reiterated a "hold" rating on shares of AppLovin in a research note on Tuesday, August 26th. Finally, Wall Street Zen lowered shares of AppLovin from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $482.86.

Insider Buying and Selling at AppLovin

In other AppLovin news, insider Victoria Valenzuela sold 35,000 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $502.23, for a total value of $17,578,050.00. Following the completion of the sale, the insider directly owned 269,955 shares of the company's stock, valued at $135,579,499.65. The trade was a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dawson Alyssa Harvey sold 350 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $487.97, for a total transaction of $170,789.50. Following the completion of the sale, the director directly owned 3,150 shares of the company's stock, valued at $1,537,105.50. This represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,158,288 shares of company stock valued at $515,437,023. 13.66% of the stock is currently owned by insiders.

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.