8,230 Shares in AppLovin Co. (NASDAQ:APP) Acquired by Donaldson Capital Management LLC

Donaldson Capital Management LLC bought a new stake in AppLovin Co. (NASDAQ:APP - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 8,230 shares of the company's stock, valued at approximately $2,181,000.

Several other large investors also recently made changes to their positions in APP. Fuller & Thaler Asset Management Inc. bought a new position in AppLovin in the 4th quarter valued at about $25,000. Riverview Trust Co lifted its position in AppLovin by 1,640.0% in the 4th quarter. Riverview Trust Co now owns 87 shares of the company's stock valued at $28,000 after acquiring an additional 82 shares in the last quarter. Tucker Asset Management LLC bought a new position in AppLovin in the 4th quarter valued at about $28,000. Hemington Wealth Management lifted its position in AppLovin by 78.4% in the 4th quarter. Hemington Wealth Management now owns 91 shares of the company's stock valued at $29,000 after acquiring an additional 40 shares in the last quarter. Finally, Smithfield Trust Co bought a new position in AppLovin in the 4th quarter valued at about $32,000. 41.85% of the stock is currently owned by institutional investors and hedge funds.

AppLovin Trading Down 4.2%

Shares of NASDAQ APP traded down $16.09 during midday trading on Friday, reaching $364.49. The company had a trading volume of 4,342,573 shares, compared to its average volume of 6,124,940. AppLovin Co. has a one year low of $60.67 and a one year high of $525.15. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70. The firm's fifty day moving average price is $324.29 and its 200-day moving average price is $334.18. The stock has a market cap of $123.34 billion, a PE ratio of 80.28, a price-to-earnings-growth ratio of 3.02 and a beta of 2.53.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on APP shares. JPMorgan Chase & Co. raised their price target on shares of AppLovin from $355.00 to $400.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group lifted their target price 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. Arete Research set a $200.00 target price on shares of AppLovin in a research report on Wednesday, March 5th. HSBC set a $436.00 target price on shares of AppLovin and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, FBN Securities initiated coverage on shares of AppLovin in a research report on Friday, March 28th. They set an "outperform" rating and a $385.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $438.10.

Insider Buying and Selling at AppLovin

In other AppLovin news, Director Barbara Messing sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $382.46, for a total transaction of $573,690.00. Following the transaction, the director now owns 9,510 shares in the company, valued at approximately $3,637,194.60. This represents a 13.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Stumpf sold 9,714 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $423.00, for a total value of $4,109,022.00. Following the completion of the sale, the chief financial officer now owns 192,421 shares in the company, valued at $81,394,083. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,212,968 shares of company stock valued at $455,062,980 in the last 90 days. Insiders own 13.66% of the company's stock.

About AppLovin

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.