1,452 Shares in AppLovin Co. (NASDAQ:APP) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in shares of AppLovin Co. (NASDAQ:APP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,452 shares of the company's stock, valued at approximately $470,000.

Several other hedge funds have also recently made changes to their positions in APP. JFS Wealth Advisors LLC raised its position in AppLovin by 38.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 105 shares of the company's stock worth $34,000 after purchasing an additional 29 shares during the period. HighPoint Advisor Group LLC raised its position in AppLovin by 1.7% in the 4th quarter. HighPoint Advisor Group LLC now owns 1,822 shares of the company's stock worth $590,000 after purchasing an additional 31 shares during the period. Quadrant Capital Group LLC raised its position in AppLovin by 6.7% in the 4th quarter. Quadrant Capital Group LLC now owns 526 shares of the company's stock worth $170,000 after purchasing an additional 33 shares during the period. Forum Financial Management LP raised its position in AppLovin by 0.9% in the 4th quarter. Forum Financial Management LP now owns 3,776 shares of the company's stock worth $1,223,000 after purchasing an additional 33 shares during the period. Finally, Truvestments Capital LLC raised its position in AppLovin by 0.7% in the 4th quarter. Truvestments Capital LLC now owns 5,236 shares of the company's stock worth $1,696,000 after purchasing an additional 38 shares during the period. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of AppLovin from $386.00 to $405.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Piper Sandler raised their target price on shares of AppLovin from $425.00 to $455.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. 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 assumed 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 research analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, AppLovin currently has an average rating of "Moderate Buy" and an average target price of $436.10.

AppLovin Stock Down 2.6%

Shares of NASDAQ:APP traded down $10.28 during trading hours on Tuesday, reaching $391.63. The stock had a trading volume of 1,949,311 shares, compared to its average volume of 6,073,747. AppLovin Co. has a 1 year low of $60.67 and a 1 year high of $525.15. The firm's 50 day moving average is $299.86 and its 200-day moving average is $329.75. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market capitalization of $132.52 billion, a price-to-earnings ratio of 86.26, a P/E/G ratio of 3.02 and a beta of 2.39.

AppLovin (NASDAQ:APP - Get Free Report) last posted its 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 firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.38 billion. AppLovin had a net margin of 33.54% and a return on equity of 188.55%. The company's revenue was up 40.3% on a year-over-year basis. During the same period last year, the firm posted $0.67 EPS. Research analysts predict that AppLovin Co. will post 6.87 earnings per share for the current fiscal year.

Insider Activity at AppLovin

In related news, Director Herald Y. Chen sold 400,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $374.61, for a total value of $149,844,000.00. Following the transaction, the director now directly owns 221,209 shares of the company's stock, valued at $82,867,103.49. This trade represents a 64.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Vasily Shikin sold 17,734 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $353.41, for a total transaction of $6,267,372.94. Following the sale, the chief technology officer now owns 70,889 shares of the company's stock, valued at approximately $25,052,881.49. This represents a 20.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,115,754 shares of company stock valued at $411,165,970 in the last ninety days. Insiders own 14.69% of the company's stock.

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.