Vise Technologies Inc. Buys 998 Shares of AppLovin Corporation $APP

Vise Technologies Inc. increased its stake in AppLovin Corporation (NASDAQ:APP) by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,947 shares of the company’s stock after acquiring an additional 998 shares during the quarter. Vise Technologies Inc.’s holdings in AppLovin were worth $4,007,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Transatlantique Private Wealth LLC increased its stake in shares of AppLovin by 15.2% in the 4th quarter. Transatlantique Private Wealth LLC now owns 386 shares of the company’s stock valued at $260,000 after acquiring an additional 51 shares in the last quarter. Marietta Investment Partners LLC increased its stake in shares of AppLovin by 2.2% in the 4th quarter. Marietta Investment Partners LLC now owns 7,642 shares of the company’s stock valued at $5,149,000 after acquiring an additional 166 shares in the last quarter. BlackDiamond Wealth Management LLC bought a new stake in shares of AppLovin in the 4th quarter valued at $387,000. WCG Wealth Advisors LLC bought a new stake in shares of AppLovin in the 4th quarter valued at $18,008,000. Finally, Avestar Capital LLC increased its stake in shares of AppLovin by 90.5% in the 4th quarter. Avestar Capital LLC now owns 2,425 shares of the company’s stock valued at $1,634,000 after acquiring an additional 1,152 shares in the last quarter. Institutional investors own 41.85% of the company’s stock.

AppLovin Price Performance

APP opened at $557.20 on Friday. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.24 and a quick ratio of 3.24. The company has a market capitalization of $187.19 billion, a price-to-earnings ratio of 47.87, a P/E/G ratio of 0.91 and a beta of 2.45. The firm’s fifty day moving average price is $470.43 and its two-hundred day moving average price is $521.43. AppLovin Corporation has a 1 year low of $320.00 and a 1 year high of $745.61.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.12. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.77 billion. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The business’s revenue for the quarter was up 58.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 EPS. As a group, analysts anticipate that AppLovin Corporation will post 15.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on APP shares. BTIG Research reiterated a “buy” rating and issued a $640.00 price objective on shares of AppLovin in a research note on Thursday, May 7th. Jefferies Financial Group reduced their price target on shares of AppLovin from $860.00 to $700.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. UBS Group reduced their price target on shares of AppLovin from $740.00 to $716.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Morgan Stanley reissued an “overweight” rating on shares of AppLovin in a research report on Wednesday, May 27th. Finally, Wells Fargo & Company lifted their price target on shares of AppLovin from $560.00 to $571.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $664.35.

Insider Activity

In other AppLovin news, CTO Vasily Shikin sold 62,804 shares of AppLovin stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $486.43, for a total transaction of $30,549,749.72. Following the transaction, the chief technology officer directly owned 3,255,273 shares of the company’s stock, valued at $1,583,462,445.39. The trade was a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Arash Adam Foroughi sold 50,000 shares of AppLovin stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $466.04, for a total transaction of $23,302,000.00. Following the transaction, the chief executive officer directly owned 2,480,414 shares in the company, valued at $1,155,972,140.56. This represents a 1.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 467,092 shares of company stock valued at $220,268,340 over the last quarter. 13.66% of the stock is owned by insiders.

AppLovin 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.