Vise Technologies Inc. Has $1.06 Million Position in AppLovin Co. (NASDAQ:APP)

Vise Technologies Inc. boosted its holdings in AppLovin Co. (NASDAQ:APP - Free Report) by 34.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,260 shares of the company's stock after buying an additional 844 shares during the period. Vise Technologies Inc.'s holdings in AppLovin were worth $1,056,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC increased its stake in AppLovin by 38.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 105 shares of the company's stock valued at $34,000 after purchasing an additional 29 shares in the last quarter. HighPoint Advisor Group LLC increased its stake in AppLovin by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,822 shares of the company's stock valued at $590,000 after purchasing an additional 31 shares in the last quarter. Quadrant Capital Group LLC increased its stake in AppLovin by 6.7% in the fourth quarter. Quadrant Capital Group LLC now owns 526 shares of the company's stock valued at $170,000 after purchasing an additional 33 shares in the last quarter. Forum Financial Management LP increased its stake in AppLovin by 0.9% in the fourth quarter. Forum Financial Management LP now owns 3,776 shares of the company's stock valued at $1,223,000 after purchasing an additional 33 shares in the last quarter. Finally, Truvestments Capital LLC increased its stake in AppLovin by 0.7% in the fourth quarter. Truvestments Capital LLC now owns 5,236 shares of the company's stock valued at $1,696,000 after purchasing an additional 38 shares in the last quarter. Institutional investors own 41.85% of the company's stock.

AppLovin Stock Performance

Shares of APP opened at $354.29 on Friday. The firm has a 50-day moving average of $292.64 and a 200-day moving average of $325.23. AppLovin Co. has a one year low of $60.67 and a one year high of $525.15. The company has a market cap of $119.89 billion, a PE ratio of 78.04, a price-to-earnings-growth ratio of 3.02 and a beta of 2.39. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.41 and a quick ratio of 2.41.

AppLovin (NASDAQ:APP - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.22. AppLovin had a net margin of 33.54% and a return on equity of 188.55%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm posted $0.67 EPS. The company's quarterly revenue was up 40.3% on a year-over-year basis. As a group, equities analysts forecast that AppLovin Co. will post 6.87 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Oppenheimer reissued an "outperform" rating and set a $500.00 price objective (down previously from $560.00) on shares of AppLovin in a research report on Thursday, May 8th. Wells Fargo & Company increased their price objective 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. Morgan Stanley increased their price objective on shares of AppLovin from $350.00 to $420.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. HSBC set a $436.00 price objective on shares of AppLovin and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, Needham & Company LLC reissued a "hold" rating on shares of AppLovin in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $433.85.

Insider Activity

In other news, CEO Arash Adam Foroughi sold 44,400 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $410.89, for a total transaction of $18,243,516.00. Following the completion of the sale, the chief executive officer now owns 2,869,492 shares in the company, valued at approximately $1,179,045,567.88. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Victoria Valenzuela sold 6,599 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $369.35, for a total transaction of $2,437,340.65. Following the sale, the insider now owns 344,256 shares of the company's stock, valued at approximately $127,150,953.60. This represents a 1.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,277,654 shares of company stock valued at $465,170,665 in the last quarter. Company insiders own 14.69% 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.

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