Lbp Am Sa Buys 9,795 Shares of AppLovin Corporation $APP

Lbp Am Sa boosted its stake in shares of AppLovin Corporation (NASDAQ:APP) by 40.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,839 shares of the company’s stock after purchasing an additional 9,795 shares during the quarter. Lbp Am Sa’s holdings in AppLovin were worth $24,315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of APP. Hilltop National Bank acquired a new stake in AppLovin during the second quarter worth about $26,000. LFA Lugano Financial Advisors SA bought a new stake in shares of AppLovin in the 2nd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of AppLovin during the 2nd quarter worth approximately $33,000. Heartwood Wealth Advisors LLC bought a new stake in shares of AppLovin during the third quarter valued at approximately $33,000. Finally, Bogart Wealth LLC raised its stake in shares of AppLovin by 100.0% in the third quarter. Bogart Wealth LLC now owns 48 shares of the company’s stock valued at $34,000 after purchasing an additional 24 shares in the last quarter. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APP has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price target on shares of AppLovin from $630.00 to $720.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Weiss Ratings downgraded shares of AppLovin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 15th. Wells Fargo & Company upped their target price on shares of AppLovin from $721.00 to $735.00 and gave the company an “overweight” rating in a research note on Thursday, January 8th. Citigroup cut their price target on shares of AppLovin from $850.00 to $820.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Finally, Piper Sandler reissued an “overweight” rating on shares of AppLovin in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $706.76.

Insider Activity at AppLovin

In other AppLovin news, Director Dawson Alyssa Harvey sold 150 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $693.32, for a total value of $103,998.00. Following the completion of the transaction, the director directly owned 2,829 shares of the company’s stock, valued at approximately $1,961,402.28. The trade was a 5.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Victoria Valenzuela sold 7,609 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $657.13, for a total transaction of $5,000,102.17. Following the sale, the insider directly owned 277,110 shares in the company, valued at $182,097,294.30. This trade represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 340,336 shares of company stock worth $200,062,623. 13.66% of the stock is owned by insiders.

AppLovin Trading Up 0.5%

APP stock opened at $524.41 on Monday. The business has a fifty day moving average price of $634.79 and a 200 day moving average price of $562.31. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. The stock has a market capitalization of $177.22 billion, a price-to-earnings ratio of 63.64, a P/E/G ratio of 1.73 and a beta of 2.50.

AppLovin (NASDAQ:APP) last announced its earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.34 by $0.11. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The business’s revenue for the quarter was up 68.2% on a year-over-year basis. Analysts expect that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

AppLovin Company Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.