Yeomans Consulting Group Inc. Reduces Stake in AppLovin Co. (NASDAQ:APP)

Yeomans Consulting Group Inc. lowered its stake in shares of AppLovin Co. (NASDAQ:APP) by 66.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,480 shares of the company’s stock after selling 2,950 shares during the period. Yeomans Consulting Group Inc.’s holdings in AppLovin were worth $479,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of APP. Capital Performance Advisors LLP purchased a new stake in AppLovin during the third quarter valued at about $25,000. DT Investment Partners LLC purchased a new stake in shares of AppLovin during the 3rd quarter valued at approximately $27,000. Meeder Asset Management Inc. bought a new position in AppLovin in the 3rd quarter worth approximately $27,000. Raleigh Capital Management Inc. purchased a new position in AppLovin in the 3rd quarter valued at approximately $29,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in AppLovin in the 2nd quarter valued at approximately $34,000. Institutional investors own 41.85% of the company’s stock.

AppLovin Trading Up 0.2 %

NASDAQ APP opened at $362.52 on Friday. 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’s 50-day simple moving average is $335.97 and its two-hundred day simple moving average is $195.69. AppLovin Co. has a twelve month low of $40.71 and a twelve month high of $417.64. The company has a market capitalization of $121.66 billion, a price-to-earnings ratio of 109.85, a PEG ratio of 2.77 and a beta of 2.29.

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

Insider Transactions at AppLovin

In other news, CFO Herald Y. Chen sold 400 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $366.16, for a total value of $146,464.00. Following the completion of the sale, the chief financial officer now owns 207,649 shares of the company’s stock, valued at approximately $76,032,757.84. The trade was a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Vasily Shikin sold 593,588 shares of the stock in a transaction dated 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 sale, the chief technology officer now owns 3,919,024 shares of the company’s stock, valued at $1,251,618,694.88. This represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 888,867 shares of company stock worth $284,773,062. 14.69% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on APP shares. Daiwa America upgraded AppLovin from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Wells Fargo & Company raised their target price on AppLovin from $360.00 to $366.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. UBS Group upped their price target on AppLovin from $315.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday. Macquarie raised their price objective on shares of AppLovin from $270.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Daiwa Capital Markets raised shares of AppLovin from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $80.00 to $280.00 in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, AppLovin currently has a consensus rating of “Moderate Buy” and an average target price of $355.41.

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.