Duality Advisers LP Acquires 12,995 Shares of AppLovin Co. (NASDAQ:APP)

Duality Advisers LP raised its position in AppLovin Co. (NASDAQ:APP - Free Report) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,536 shares of the company's stock after buying an additional 12,995 shares during the quarter. Duality Advisers LP's holdings in AppLovin were worth $3,369,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BluePath Capital Management LLC bought a new stake in shares of AppLovin during the 3rd quarter valued at approximately $33,000. Castleview Partners LLC bought a new stake in shares of AppLovin during the 3rd quarter valued at approximately $38,000. Cullen Frost Bankers Inc. bought a new stake in shares of AppLovin during the 3rd quarter valued at approximately $44,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of AppLovin during the 3rd quarter valued at approximately $45,000. Finally, Lindbrook Capital LLC grew its holdings in shares of AppLovin by 26.6% during the 4th quarter. Lindbrook Capital LLC now owns 1,337 shares of the company's stock valued at $53,000 after purchasing an additional 281 shares during the last quarter. 41.85% of the stock is owned by institutional investors.

Insider Buying and Selling at AppLovin

In other AppLovin news, Director Craig Scott Billings sold 5,550 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $58.33, for a total transaction of $323,731.50. Following the completion of the sale, the director now owns 12,739 shares in the company, valued at approximately $743,065.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Victoria Valenzuela sold 50,000 shares of the company's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $75.01, for a total value of $3,750,500.00. Following the completion of the sale, the insider now owns 471,560 shares in the company, valued at approximately $35,371,715.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Craig Scott Billings sold 5,550 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $58.33, for a total transaction of $323,731.50. Following the completion of the sale, the director now owns 12,739 shares of the company's stock, valued at approximately $743,065.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,215 shares of company stock worth $4,416,815. 12.43% of the stock is owned by corporate insiders.

AppLovin Stock Up 4.9 %

Shares of AppLovin stock traded up $3.34 during trading on Tuesday, reaching $71.19. 2,525,566 shares of the company traded hands, compared to its average volume of 4,073,280. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.71 and a quick ratio of 1.71. AppLovin Co. has a 1-year low of $15.41 and a 1-year high of $79.55. The company has a 50 day moving average price of $66.18 and a 200-day moving average price of $49.46. The firm has a market capitalization of $24.35 billion, a PE ratio of 71.19, a P/E/G ratio of 1.35 and a beta of 1.90.

AppLovin (NASDAQ:APP - Get Free Report) last released its earnings results on Wednesday, February 14th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.14. The company had revenue of $953.26 million for the quarter, compared to the consensus estimate of $928.66 million. AppLovin had a net margin of 10.84% and a return on equity of 24.69%. AppLovin's quarterly revenue was up 35.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.21) EPS. As a group, equities research analysts expect that AppLovin Co. will post 2.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

APP has been the topic of several research reports. Daiwa Capital Markets initiated coverage on shares of AppLovin in a report on Monday, April 15th. They set a "neutral" rating and a $80.00 price target on the stock. Oppenheimer lifted their target price on shares of AppLovin from $70.00 to $85.00 and gave the stock an "outperform" rating in a research report on Monday, April 8th. The Goldman Sachs Group lifted their target price on shares of AppLovin from $59.00 to $73.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. TheStreet upgraded shares of AppLovin from a "d+" rating to a "c-" rating in a research report on Friday, March 8th. Finally, UBS Group lifted their target price on shares of AppLovin from $46.00 to $55.00 and gave the stock a "neutral" rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.31.

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.