ST Germain D J Co. Inc. Acquires Shares of 382 AppLovin Corporation $APP

Key Points

• ST Germain D J Co. Inc. has acquired 382 shares of AppLovin Corporation worth approximately $134,000, indicating increasing institutional interest in the company.
• Insider transactions show that Eduardo Vivas sold 125,000 shares for $58.25 million, and Victoria Valenzuela sold 35,000 shares for $17.58 million, contributing to significant recent insider selling activity.
• AppLovin reported a net margin of 45.72% and a significant revenue increase of 77.1% compared to the same quarter last year, despite missing revenue expectations.

ST Germain D J Co. Inc. acquired a new stake in shares of AppLovin Corporation (NASDAQ:APP - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 382 shares of the company's stock, valued at approximately $134,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingswood Wealth Advisors LLC lifted its stake in shares of AppLovin by 5.1% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,663 shares of the company's stock worth $445,000 after buying an additional 80 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of AppLovin by 62.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 172,378 shares of the company's stock worth $45,675,000 after buying an additional 66,453 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of AppLovin by 3.5% in the first quarter. Yousif Capital Management LLC now owns 3,544 shares of the company's stock worth $939,000 after buying an additional 119 shares in the last quarter. Park Avenue Securities LLC increased its position in AppLovin by 30.6% during the second quarter. Park Avenue Securities LLC now owns 20,890 shares of the company's stock worth $7,313,000 after purchasing an additional 4,890 shares during the last quarter. Finally, IFM Investors Pty Ltd increased its position in AppLovin by 15.6% during the second quarter. IFM Investors Pty Ltd now owns 45,209 shares of the company's stock worth $15,827,000 after purchasing an additional 6,104 shares during the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AppLovin

In related news, Director Eduardo Vivas sold 125,000 shares of AppLovin stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $466.00, for a total value of $58,250,000.00. Following the completion of the transaction, the director owned 7,283,292 shares in the company, valued at approximately $3,394,014,072. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Victoria Valenzuela sold 35,000 shares of AppLovin stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $502.23, for a total transaction of $17,578,050.00. Following the completion of the transaction, the insider owned 269,955 shares of the company's stock, valued at $135,579,499.65. This trade represents a 11.48% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,156,788 shares of company stock valued at $514,863,333. 13.66% of the stock is owned by corporate insiders.

AppLovin Trading Up 4.7%

Shares of APP stock opened at $669.86 on Friday. The company has a debt-to-equity ratio of 3.01, a quick ratio of 2.74 and a current ratio of 2.74. The stock has a market capitalization of $226.58 billion, a P/E ratio of 95.15, a price-to-earnings-growth ratio of 3.71 and a beta of 2.44. The company has a 50 day moving average price of $480.60 and a 200 day moving average price of $377.20. AppLovin Corporation has a fifty-two week low of $126.53 and a fifty-two week high of $671.18.

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

Analyst Upgrades and Downgrades

APP has been the subject of several recent analyst reports. BTIG Research raised their price objective on shares of AppLovin from $547.00 to $664.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Jefferies Financial Group raised their price objective on shares of AppLovin from $560.00 to $615.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Needham & Company LLC restated a "hold" rating on shares of AppLovin in a research report on Tuesday, August 26th. Benchmark raised their price objective on shares of AppLovin from $525.00 to $640.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Finally, Oppenheimer lifted their price target on shares of AppLovin from $500.00 to $740.00 and gave the company an "outperform" rating in a research report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $540.76.

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.

Want to see what other hedge funds are holding APP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AppLovin Corporation (NASDAQ:APP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.