Amalgamated Bank Has $1.97 Million Stock Position in AppLovin Co. (NASDAQ:APP)

Amalgamated Bank increased its stake in AppLovin Co. (NASDAQ:APP - Free Report) by 41.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,388 shares of the company's stock after purchasing an additional 14,354 shares during the quarter. Amalgamated Bank's holdings in AppLovin were worth $1,968,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in APP. Lindbrook Capital LLC increased its holdings in 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 acquiring an additional 281 shares in the last quarter. Xponance Inc. increased its holdings in AppLovin by 2.5% during the 4th quarter. Xponance Inc. now owns 13,664 shares of the company's stock valued at $545,000 after acquiring an additional 334 shares in the last quarter. CWM LLC increased its holdings in AppLovin by 16.3% during the 4th quarter. CWM LLC now owns 2,864 shares of the company's stock valued at $114,000 after acquiring an additional 401 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in AppLovin by 2.9% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 22,642 shares of the company's stock valued at $905,000 after acquiring an additional 641 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in AppLovin by 2.1% during the 4th quarter. Arizona State Retirement System now owns 40,226 shares of the company's stock valued at $1,603,000 after acquiring an additional 826 shares in the last quarter. Hedge funds and other institutional investors own 41.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APP. Morgan Stanley raised their target price on shares of AppLovin from $55.00 to $70.00 and gave the company an "equal weight" rating in a report on Tuesday, April 16th. TheStreet upgraded shares of AppLovin from a "d+" rating to a "c-" rating in a report on Friday, March 8th. Wedbush lifted their price target on shares of AppLovin from $87.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday. The Goldman Sachs Group lifted their price target on shares of AppLovin from $73.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Jefferies Financial Group lifted their price target on shares of AppLovin from $93.00 to $105.00 and gave the stock a "buy" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, AppLovin has an average rating of "Moderate Buy" and a consensus price target of $71.72.

AppLovin Trading Down 0.1 %

APP traded down $0.06 during trading on Monday, hitting $86.37. 5,014,037 shares of the company's stock were exchanged, compared to its average volume of 4,181,970. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 4.59. AppLovin Co. has a 1 year low of $21.03 and a 1 year high of $88.50. The stock has a 50 day moving average price of $70.58 and a 200 day moving average price of $52.75. The firm has a market cap of $28.45 billion, a P/E ratio of 51.45, a price-to-earnings-growth ratio of 1.46 and a beta of 1.85.

AppLovin (NASDAQ:APP - Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.10. AppLovin had a net margin of 16.46% and a return on equity of 51.55%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $973.70 million. During the same period in the previous year, the firm earned ($0.01) earnings per share. AppLovin's revenue for the quarter was up 47.9% on a year-over-year basis. As a group, analysts expect that AppLovin Co. will post 2.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Victoria Valenzuela sold 50,000 shares of the business'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 directly owns 471,560 shares of the company's stock, valued at $35,371,715.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Victoria Valenzuela sold 50,000 shares of the business'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 directly owns 471,560 shares of the company's stock, valued at $35,371,715.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Craig Scott Billings sold 5,550 shares of the business'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 transaction, the director now directly owns 12,739 shares in the company, 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 ninety days. 14.69% of the stock is owned by company insiders.

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.