Boston Partners Has $9.70 Million Stock Position in AppLovin Co. (NASDAQ:APP)

Boston Partners lessened its stake in shares of AppLovin Co. (NASDAQ:APP - Free Report) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 243,213 shares of the company's stock after selling 14,107 shares during the period. Boston Partners owned about 0.07% of AppLovin worth $9,697,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of APP. CWM LLC raised its holdings in shares of AppLovin by 16.3% during the fourth quarter. CWM LLC now owns 2,864 shares of the company's stock valued at $114,000 after acquiring an additional 401 shares during the period. Quantbot Technologies LP lifted its holdings in shares of AppLovin by 143.1% in the third quarter. Quantbot Technologies LP now owns 116,917 shares of the company's stock valued at $4,672,000 after purchasing an additional 68,822 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of AppLovin by 4,805.9% in the third quarter. Ameriprise Financial Inc. now owns 1,402,657 shares of the company's stock worth $56,050,000 after buying an additional 1,374,066 shares during the period. Black Swift Group LLC purchased a new position in shares of AppLovin during the third quarter valued at $999,000. Finally, Vanguard Group Inc. grew its holdings in shares of AppLovin by 8.5% during the third quarter. Vanguard Group Inc. now owns 18,099,233 shares of the company's stock valued at $723,245,000 after buying an additional 1,411,453 shares in the last quarter. 41.85% of the stock is owned by institutional investors.

AppLovin Price Performance

NASDAQ:APP traded down $0.74 during mid-day trading on Friday, hitting $82.49. The company's stock had a trading volume of 3,336,877 shares, compared to its average volume of 4,226,875. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 4.59. The stock has a fifty day moving average of $72.73 and a 200-day moving average of $54.17. The company has a market capitalization of $27.17 billion, a price-to-earnings ratio of 49.10, a P/E/G ratio of 1.42 and a beta of 1.85. AppLovin Co. has a fifty-two week low of $21.03 and a fifty-two week high of $88.50.

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

Insider Activity at AppLovin

In related news, insider Victoria Valenzuela sold 2,890 shares of AppLovin stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $57.76, for a total value of $166,926.40. Following the completion of the transaction, the insider now directly owns 546,560 shares of the company's stock, valued at $31,569,305.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Victoria Valenzuela sold 2,890 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $57.76, for a total value of $166,926.40. Following the completion of the sale, the insider now owns 546,560 shares of the company's stock, valued at $31,569,305.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 17,500,000 shares of the company's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $83.36, for a total value of $1,458,800,000.00. Following the transaction, the insider now directly owns 366,567 shares in the company, valued at approximately $30,557,025.12. The disclosure for this sale can be found here. Insiders sold 17,714,819 shares of company stock valued at $1,475,871,950 in the last three months. Corporate insiders own 14.69% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on APP. Citigroup upped their price objective on shares of AppLovin from $80.00 to $98.00 and gave the company a "buy" rating in a research note on Friday, May 10th. Morgan Stanley increased their price objective on AppLovin from $55.00 to $70.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 16th. UBS Group boosted their target price on AppLovin from $46.00 to $55.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Wedbush raised their price target on AppLovin from $87.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, May 9th. Finally, Jefferies Financial Group boosted their price target on AppLovin from $93.00 to $105.00 and gave the company a "buy" rating in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $71.72.

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.