AppLovin Co. (NASDAQ:APP) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of AppLovin Co. (NASDAQ:APP) by 64.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,477 shares of the company’s stock after selling 10,077 shares during the quarter. SG Americas Securities LLC’s holdings in AppLovin were worth $1,774,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in APP. MassMutual Private Wealth & Trust FSB grew its position in AppLovin by 139.1% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 153 shares of the company’s stock worth $50,000 after purchasing an additional 89 shares during the last quarter. Capital Performance Advisors LLP bought a new position in AppLovin in the 3rd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in AppLovin in the 3rd quarter valued at approximately $27,000. DT Investment Partners LLC acquired a new stake in AppLovin in the 3rd quarter valued at approximately $27,000. Finally, Raleigh Capital Management Inc. bought a new stake in AppLovin during the 3rd quarter valued at $29,000. 41.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on APP. The Goldman Sachs Group lowered AppLovin from a “buy” rating to a “neutral” rating and raised their price target for the company from $103.00 to $150.00 in a report on Monday, October 14th. Macquarie raised their target price on shares of AppLovin from $270.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Stifel Nicolaus upped their price target on shares of AppLovin from $250.00 to $435.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Bank of America raised their price objective on shares of AppLovin from $252.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. upped their target price on AppLovin from $200.00 to $325.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $355.41.

AppLovin Stock Up 0.2 %

Shares of AppLovin stock opened at $363.10 on Monday. AppLovin Co. has a 12-month low of $40.71 and a 12-month high of $417.64. 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 50 day moving average price of $337.41 and a two-hundred day moving average price of $199.22. The stock has a market capitalization of $121.85 billion, a P/E ratio of 110.03, a PEG ratio of 2.96 and a beta of 2.29.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, November 6th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.33. AppLovin had a net margin of 26.85% and a return on equity of 122.24%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business posted $0.30 EPS. AppLovin’s revenue was up 38.6% compared to the same quarter last year. Equities analysts expect that AppLovin Co. will post 4.06 earnings per share for the current year.

Insider Activity at AppLovin

In other AppLovin news, Director Dawson Alyssa Harvey sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $406.27, for a total value of $203,135.00. Following the completion of the sale, the director now owns 6,684 shares in the company, valued at approximately $2,715,508.68. This trade represents a 6.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Katie Kihorany Jansen sold 59,876 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $286.14, for a total value of $17,132,918.64. Following the completion of the transaction, the chief marketing officer now owns 1,017,388 shares of the company’s stock, valued at $291,115,402.32. The trade was a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 888,867 shares of company stock worth $284,773,062 in the last ninety days. 14.69% of the stock is currently owned by insiders.

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.