3,532 Shares in AppLovin Co. (NASDAQ:APP) Purchased by GAM Holding AG

GAM Holding AG bought a new position in shares of AppLovin Co. (NASDAQ:APP) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,532 shares of the company’s stock, valued at approximately $1,144,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in AppLovin during the third quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new stake in AppLovin during the fourth quarter valued at approximately $25,000. DT Investment Partners LLC acquired a new stake in AppLovin during the third quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new stake in AppLovin during the third quarter valued at approximately $27,000. Finally, Raleigh Capital Management Inc. acquired a new stake in AppLovin during the third quarter valued at approximately $29,000. 41.85% of the stock is owned by institutional investors and hedge funds.

AppLovin Stock Performance

APP stock opened at $496.07 on Wednesday. The business’s fifty day moving average is $358.18 and its 200-day moving average is $237.58. 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 company has a market cap of $166.48 billion, a P/E ratio of 150.33, a price-to-earnings-growth ratio of 3.10 and a beta of 2.30. AppLovin Co. has a twelve month low of $54.50 and a twelve month high of $525.15.

AppLovin (NASDAQ:APP) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.61. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. Equities research analysts forecast that AppLovin Co. will post 4.09 EPS for the current year.

Insider Activity

In related news, CTO Vasily Shikin sold 593,588 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $319.37, for a total value of $189,574,199.56. Following the completion of the sale, the chief technology officer now owns 3,919,024 shares in the company, valued at $1,251,618,694.88. This represents a 13.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Victoria Valenzuela sold 15,971 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $313.07, for a total transaction of $5,000,040.97. Following the completion of the sale, the insider now owns 372,205 shares of the company’s stock, valued at approximately $116,526,219.35. This represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 828,991 shares of company stock valued at $267,640,144 in the last 90 days. 14.69% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APP. Loop Capital lifted their target price on shares of AppLovin from $385.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, December 16th. UBS Group lifted their target price on shares of AppLovin from $440.00 to $630.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Oppenheimer reiterated an “outperform” rating and issued a $560.00 target price (up previously from $480.00) on shares of AppLovin in a research note on Thursday, February 13th. Jefferies Financial Group lifted their target price on shares of AppLovin from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus lifted their target price on shares of AppLovin from $250.00 to $435.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $422.18.

AppLovin Company 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.