2 weeks Ago By ABMN Staff
Bokf Na purchased a new stake in shares of AppLovin Co. ( NASDAQ:APP – Free Report ) during the 2nd quarter, Holdings Channel.com reports.
The fund purchased 4,957 shares of the company’s stock, valued at approximately $413,000. Several other hedge funds also recently added to or reduced their stakes in APP. Precision Wealth Strategies LLC bought a new position in AppLovin during the 4th quarter valued at about $324,000.
Charles Schwab Investment Management Inc. grew its holdings in AppLovin by 3.2% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 1,021,695 shares of the company’s stock valued at $40,715,000 after purchasing an additional 31,773 shares during the last quarter. QRG Capital Management Inc.
bought a new position in AppLovin during the 4th quarter valued at about $290,000. Massachusetts Financial Services Co. MA bought a new position in AppLovin during the 4th quarter valued at about $3,947,000.
Finally, Norges Bank bought a new position in AppLovin during the 4th quarter valued at about $43,973,000. 41.85% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In A number of equities analysts have commented on APP shares. Oppenheimer restated an “outperform” rating and issued a $105.00 target price (up from $97.
00) on shares of AppLovin in a research note on Thursday, August 8th. Wedbush dropped their target price on shares of AppLovin from $100.00 to $90.
00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Bank of America upped their target price on shares of AppLovin from $100.00 to $120.
00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Benchmark upped their target price on shares of AppLovin from $48.00 to $66.
00 and gave the stock a “sell” rating in a research note on Friday, August 23rd. Finally, BTIG Research upped their target price on shares of AppLovin from $114.00 to $150.
00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.78. Insider Activity at AppLovin In related news, Director Dawson Alyssa Harvey sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 10th.
The shares were sold at an average price of $87.90, for a total transaction of $131,850.00.
Following the completion of the sale, the director now owns 10,247 shares of the company’s stock, valued at $900,711.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink .
In other AppLovin news, Director Eduardo Vivas sold 118,839 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $90.75, for a total value of $10,784,639.
25. Following the completion of the transaction, the director now owns 7,641,531 shares of the company’s stock, valued at $693,468,938.25.
The transaction was disclosed in a filing with the SEC, which is available at this link . Also, Director Dawson Alyssa Harvey sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $87.
90, for a total transaction of $131,850.00. Following the completion of the transaction, the director now directly owns 10,247 shares of the company’s stock, valued at approximately $900,711.
30. The disclosure for this sale can be found here . Insiders sold 775,934 shares of company stock valued at $65,805,022 over the last 90 days.
Insiders own 14.69% of the company’s stock. AppLovin Price Performance NASDAQ APP opened at $116.
25 on Tuesday. The company has a debt-to-equity ratio of 4.27, a quick ratio of 2.
28 and a current ratio of 2.28. The firm’s 50 day moving average price is $84.
70 and its 200-day moving average price is $78.78. AppLovin Co.
has a 52-week low of $34.45 and a 52-week high of $116.97.
The company has a market cap of $38.25 billion, a PE ratio of 69.20, a P/E/G ratio of 1.
41 and a beta of 1.88. AppLovin ( NASDAQ:APP – Get Free Report ) last posted its earnings results on Wednesday, August 7th.
The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.
12. AppLovin had a net margin of 20.89% and a return on equity of 84.
16%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.
08 billion. During the same quarter in the prior year, the company posted $0.22 earnings per share.
AppLovin’s revenue for the quarter was up 44.0% compared to the same quarter last year. Sell-side analysts forecast that AppLovin Co.
will post 3.46 EPS for the current fiscal year. AppLovin Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding APP? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for AppLovin Co. ( NASDAQ:APP – Free Report ). Receive News & Ratings for AppLovin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppLovin and related companies with MarketBeat.
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