Jefferies Financial Group Inc. Acquires Shares of 1,452 AppLovin Co. (NASDAQ:APP)

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

Several other large investors also recently bought and sold shares of APP. GHP Investment Advisors Inc. purchased a new stake in shares of AppLovin in the 4th quarter valued at $25,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of AppLovin in the 4th quarter valued at $25,000. Riverview Trust Co lifted its stake in shares of 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 purchasing an additional 82 shares during the period. Tucker Asset Management LLC acquired a new position in shares of AppLovin in the 4th quarter valued at $28,000. Finally, Hemington Wealth Management lifted its stake in shares of 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 purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 41.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on APP shares. Bank of America boosted their target price on shares of AppLovin from $375.00 to $580.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Wells Fargo & Company boosted their target price on shares of AppLovin from $386.00 to $405.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Needham & Company LLC reiterated a "hold" rating on shares of AppLovin in a research note on Monday, April 21st. UBS Group upped their price objective on shares of AppLovin from $450.00 to $475.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Oppenheimer restated an "outperform" rating and set a $500.00 price objective (down from $560.00) on shares of AppLovin in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, AppLovin currently has an average rating of "Moderate Buy" and an average target price of $433.85.

Insider Transactions at AppLovin

In other news, Director Craig Scott Billings sold 12,000 shares of AppLovin stock in a transaction on Monday, May 12th. The shares were sold at an average price of $353.12, for a total value of $4,237,440.00. Following the transaction, the director now directly owns 2,987 shares of the company's stock, valued at $1,054,769.44. The trade was a 80.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dawson Alyssa Harvey sold 570 shares of AppLovin stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $371.12, for a total transaction of $211,538.40. Following the completion of the transaction, the director now directly owns 6,231 shares in the company, valued at $2,312,448.72. The trade was a 8.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,119,470 shares of company stock worth $409,752,180. 14.69% of the stock is currently owned by insiders.

AppLovin Stock Down 1.2%

AppLovin stock traded down $4.27 during trading on Friday, reaching $362.34. The stock had a trading volume of 4,689,782 shares, compared to its average volume of 6,032,635. AppLovin Co. has a 52-week low of $60.67 and a 52-week high of $525.15. The business has a 50 day moving average price of $285.14 and a 200 day moving average price of $318.48. 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 stock has a market cap of $123.18 billion, a PE ratio of 79.81, a P/E/G ratio of 3.02 and a beta of 2.39.

AppLovin (NASDAQ:APP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.22. The business had revenue of $1.48 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 EPS. On average, analysts predict that AppLovin Co. will post 6.87 EPS for the current year.

AppLovin Company 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.