4,141,962 Shares in AppLovin Co. (NASDAQ:APP) Acquired by Sapient Capital LLC

Sapient Capital LLC acquired a new position in shares of AppLovin Co. (NASDAQ:APP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,141,962 shares of the company's stock, valued at approximately $165,057,000. AppLovin accounts for 4.2% of Sapient Capital LLC's investment portfolio, making the stock its 4th biggest holding. Sapient Capital LLC owned 1.23% of AppLovin at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of AppLovin by 8.5% in the 3rd quarter. Vanguard Group Inc. now owns 18,099,233 shares of the company's stock valued at $723,245,000 after purchasing an additional 1,411,453 shares during the last quarter. Ameriprise Financial Inc. raised its stake in AppLovin by 4,805.9% during the third quarter. Ameriprise Financial Inc. now owns 1,402,657 shares of the company's stock worth $56,050,000 after acquiring an additional 1,374,066 shares in the last quarter. FMR LLC lifted its holdings in shares of AppLovin by 224.6% in the third quarter. FMR LLC now owns 755,798 shares of the company's stock worth $30,202,000 after acquiring an additional 522,949 shares during the last quarter. Raymond James & Associates boosted its stake in shares of AppLovin by 88.6% in the 3rd quarter. Raymond James & Associates now owns 927,907 shares of the company's stock valued at $37,079,000 after purchasing an additional 435,792 shares in the last quarter. Finally, Scout Investments Inc. grew its holdings in shares of AppLovin by 83.2% during the 3rd quarter. Scout Investments Inc. now owns 923,361 shares of the company's stock valued at $37,692,000 after purchasing an additional 419,221 shares during the last quarter. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

AppLovin Trading Up 3.6 %

APP stock traded up $2.60 during midday trading on Friday, hitting $75.07. The stock had a trading volume of 2,971,291 shares, compared to its average volume of 4,035,380. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 2.31. The business has a fifty day moving average price of $68.24 and a two-hundred day moving average price of $50.85. AppLovin Co. has a 1-year low of $16.56 and a 1-year high of $79.55. The firm has a market cap of $25.67 billion, a P/E ratio of 74.28, a price-to-earnings-growth ratio of 1.39 and a beta of 1.85.

AppLovin (NASDAQ:APP - Get Free Report) last announced its quarterly earnings data 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. AppLovin had a return on equity of 24.69% and a net margin of 10.84%. The company had revenue of $953.26 million for the quarter, compared to the consensus estimate of $928.66 million. During the same period in the previous year, the business earned ($0.21) EPS. The firm's revenue was up 35.7% compared to the same quarter last year. On average, sell-side analysts predict that AppLovin Co. will post 2.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

APP has been the subject of several research reports. The Goldman Sachs Group increased their price objective on shares of AppLovin from $59.00 to $73.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. UBS Group raised their price objective on AppLovin from $46.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Wedbush upped their target price on AppLovin from $67.00 to $87.00 and gave the stock an "outperform" rating in a report on Thursday, April 11th. Stifel Nicolaus increased their target price on AppLovin from $65.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Daiwa Capital Markets started coverage on AppLovin in a report on Monday, April 15th. They set a "neutral" rating and a $80.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $63.60.

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.