Willner & Heller LLC Makes New $212,000 Investment in AppLovin Corporation $APP

Key Points

• Willner & Heller LLC has made a new investment in AppLovin Corporation, purchasing 606 shares worth approximately $212,000 during the second quarter.
• Insiders have sold a significant number of shares, with 1,156,788 shares sold in the last ninety days, totaling over $514 million.
• AppLovin's quarterly earnings showed a 77.1% year-over-year revenue increase, reporting $2.26 EPS, surpassing expectations by $0.21.

Willner & Heller LLC bought a new position in 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 bought 606 shares of the company's stock, valued at approximately $212,000.

Other large investors have also recently added to or reduced their stakes in the company. Hilltop National Bank acquired a new stake in AppLovin in the second quarter worth $26,000. Atala Financial Inc acquired a new position in shares of AppLovin during the first quarter valued at $26,000. Hoey Investments Inc. acquired a new position in shares of AppLovin during the second quarter valued at $35,000. Trust Co. of Vermont acquired a new position in shares of AppLovin during the second quarter valued at $35,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of AppLovin during the first quarter valued at $29,000. 41.85% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AppLovin

In other news, insider Victoria Valenzuela sold 35,000 shares of the business's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $502.23, for a total transaction of $17,578,050.00. Following the completion of the sale, the insider owned 269,955 shares in the company, 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 through this link. Also, Director Dawson Alyssa Harvey sold 350 shares of the business's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $487.97, for a total value of $170,789.50. Following the sale, the director owned 3,150 shares of the company's stock, valued at approximately $1,537,105.50. The trade was a 10.00% 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 worth $514,863,333. Insiders own 13.66% of the company's stock.

AppLovin Price Performance

Shares of NASDAQ:APP opened at $682.76 on Friday. AppLovin Corporation has a 1-year low of $135.50 and a 1-year high of $745.61. The firm has a market capitalization of $230.94 billion, a PE ratio of 96.98, a PEG ratio of 3.75 and a beta of 2.53. The business's 50 day moving average is $514.58 and its 200-day moving average is $390.81. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 3.01.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on APP shares. Wells Fargo & Company lifted their target price on AppLovin from $480.00 to $491.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. UBS Group lifted their target price on AppLovin from $540.00 to $810.00 and gave the stock a "buy" rating in a report on Friday, September 26th. Wall Street Zen lowered AppLovin from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Morgan Stanley lifted their target price on AppLovin from $480.00 to $750.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Jefferies Financial Group lifted their target price on AppLovin from $560.00 to $615.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $578.86.

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.

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