AppLovin Co. (NASDAQ:APP) Stock Holdings Lowered by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC lowered its position in shares of AppLovin Co. (NASDAQ:APP) by 58.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,791 shares of the company’s stock after selling 2,552 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in AppLovin were worth $580,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Townsquare Capital LLC lifted its holdings in AppLovin by 64.9% in the third quarter. Townsquare Capital LLC now owns 7,942 shares of the company’s stock worth $1,037,000 after purchasing an additional 3,126 shares during the period. Second Half Financial Partners LLC acquired a new stake in AppLovin in the third quarter worth about $224,000. State Street Corp lifted its holdings in AppLovin by 8.6% in the third quarter. State Street Corp now owns 5,388,023 shares of the company’s stock worth $703,406,000 after purchasing an additional 428,419 shares during the period. Eagle Asset Management Inc. lifted its holdings in AppLovin by 2,200.4% in the third quarter. Eagle Asset Management Inc. now owns 523,149 shares of the company’s stock worth $68,297,000 after purchasing an additional 500,407 shares during the period. Finally, Zacks Investment Management lifted its holdings in AppLovin by 328.1% in the third quarter. Zacks Investment Management now owns 106,121 shares of the company’s stock worth $13,854,000 after purchasing an additional 81,331 shares during the period. Institutional investors own 41.85% of the company’s stock.

Insider Activity

In related news, insider Victoria Valenzuela sold 15,971 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $313.07, for a total value of $5,000,040.97. Following the transaction, the insider now owns 372,205 shares in the company, valued at approximately $116,526,219.35. This represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Herald Y. Chen sold 200,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $324.65, for a total value of $64,930,000.00. Following the completion of the transaction, the director now owns 621,209 shares in the company, valued at $201,675,501.85. This represents a 24.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 406,447 shares of company stock worth $140,537,281 in the last 90 days. Company insiders own 14.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on APP shares. UBS Group upped their price target on shares of AppLovin from $440.00 to $630.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Macquarie upped their price target on shares of AppLovin from $270.00 to $450.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Bank of America upped their price target on shares of AppLovin from $375.00 to $580.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Piper Sandler upped their price target on shares of AppLovin from $400.00 to $575.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Citigroup upped their price target on shares of AppLovin from $460.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, AppLovin currently has a consensus rating of “Moderate Buy” and an average price target of $452.29.

AppLovin Price Performance

Shares of APP opened at $270.48 on Friday. The company has a market capitalization of $90.77 billion, a price-to-earnings ratio of 59.58, a P/E/G ratio of 3.02 and a beta of 2.33. AppLovin Co. has a fifty-two week low of $59.30 and a fifty-two week high of $525.15. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.41 and a quick ratio of 2.41. The business’s 50-day moving average is $365.13 and its 200-day moving average is $259.26.

AppLovin (NASDAQ:APP) last issued its 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 188.55% and a net margin of 33.54%. Equities research analysts expect that AppLovin Co. will post 6.87 EPS for the current fiscal year.

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.