2 weeks Ago By Defense World Staff
Bokf Na acquired a new position in AppLovin Co. ( NASDAQ:APP – Free Report ) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,957 shares of the company’s stock, valued at approximately $413,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. FinTrust Capital Advisors LLC purchased a new position in AppLovin during the fourth quarter valued at $32,000. Quest Partners LLC purchased a new position in AppLovin during the second quarter valued at $33,000.
Covestor Ltd raised its stake in AppLovin by 85.8% during the first quarter. Covestor Ltd now owns 511 shares of the company’s stock valued at $35,000 after buying an additional 236 shares during the last quarter.
Thurston Springer Miller Herd & Titak Inc. purchased a new position in AppLovin during the second quarter valued at $37,000. Finally, Atlas Capital Advisors LLC purchased a new position in AppLovin during the first quarter valued at $38,000.
Hedge funds and other institutional investors own 41.85% of the company’s stock. Analyst Upgrades and Downgrades APP has been the subject of a number of recent research reports.
Jefferies Financial Group lifted their price objective on AppLovin from $105.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th.
Bank of America lifted their target price on AppLovin from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th.
Wedbush reduced their target price on AppLovin from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, August 8th.
Benchmark lifted their target price on AppLovin from $48.00 to $66.00 and gave the stock a “sell” rating in a report on Friday, August 23rd.
Finally, Oppenheimer reissued an “outperform” rating and issued a $105.00 target price (up previously from $97.00) on shares of AppLovin in a report on Thursday, August 8th.
One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.
78. Insider Activity In related news, Director Eduardo Vivas sold 118,839 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $90.
75, for a total transaction of $10,784,639.25. Following the sale, 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 legal filing with the SEC, which is available through the SEC website . In other news, Director Dawson Alyssa Harvey sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th.
The stock was sold at an average price of $87.90, for a total value of $131,850.00.
Following the completion of the sale, the director now directly owns 10,247 shares of the company’s stock, valued at approximately $900,711.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .
Also, Director Eduardo Vivas sold 118,839 shares of AppLovin stock in a transaction that occurred on Friday, July 5th. The stock was 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 approximately $693,468,938.25.
The disclosure for this sale can be found here . In the last ninety days, insiders sold 775,934 shares of company stock worth $65,805,022. 14.
69% of the stock is currently owned by insiders. AppLovin Price Performance NASDAQ APP opened at $116.25 on Tuesday.
The business’s fifty day moving average is $84.70 and its 200 day moving average is $78.78.
AppLovin Co. has a fifty-two week low of $34.45 and a fifty-two week high of $116.
97. The company has a market capitalization of $38.25 billion, a PE ratio of 69.
20, a price-to-earnings-growth ratio of 1.41 and a beta of 1.88.
The company has a debt-to-equity ratio of 4.27, a quick ratio of 2.28 and a current ratio of 2.
28. AppLovin ( NASDAQ:APP – Get Free Report ) last posted its earnings results on Wednesday, August 7th. The company reported $0.
89 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.12.
The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion.
AppLovin had a return on equity of 84.16% and a net margin of 20.89%.
The firm’s revenue for the quarter was up 44.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.
22 earnings per share. Sell-side analysts predict that AppLovin Co. will post 3.
46 earnings per share for the current year. AppLovin Company 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 Five stocks we like better than AppLovin Financial Services Stocks Investing Palo Alto Analysts Drive it to New Highs: 50% Upside Is Possible What is the Dogs of the Dow Strategy? Overview and Examples Roblox’s Growth Beyond Kids: Stock Set for Major Moves Retail Stocks Investing, Explained 5 Oversold Stocks to Buy Right Now 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.com's FREE daily email newsletter .
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