1 week Ago By ABMN Staff
Franchise Capital Ltd purchased a new stake in shares of AppLovin Co. ( NASDAQ:APP – Free Report ) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,682 shares of the company’s stock, valued at approximately $2,811,000.
AppLovin makes up about 1.3% of Franchise Capital Ltd’s portfolio, making the stock its 12th largest position. Other large investors have also recently modified their holdings of the company.
National Bank of Canada FI increased its position in AppLovin by 4.0% during the 3rd quarter. National Bank of Canada FI now owns 1,003 shares of the company’s stock valued at $131,000 after purchasing an additional 39 shares during the period.
Versant Capital Management Inc raised its stake in AppLovin by 19.7% in the fourth quarter. Versant Capital Management Inc now owns 322 shares of the company’s stock worth $104,000 after buying an additional 53 shares in the last quarter.
Great Valley Advisor Group Inc. lifted its holdings in AppLovin by 2.2% during the third quarter.
Great Valley Advisor Group Inc. now owns 2,837 shares of the company’s stock worth $370,000 after buying an additional 60 shares during the period. HM Payson & Co.
increased its holdings in shares of AppLovin by 50.0% in the 3rd quarter. HM Payson & Co.
now owns 300 shares of the company’s stock valued at $39,000 after acquiring an additional 100 shares during the period. Finally, Aptus Capital Advisors LLC raised its position in shares of AppLovin by 0.3% in the 3rd quarter.
Aptus Capital Advisors LLC now owns 33,478 shares of the company’s stock worth $4,371,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.
Insider Buying and Selling In related news, CMO Katie Kihorany Jansen sold 59,876 shares of AppLovin stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $286.14, for a total value of $17,132,918.
64. Following the sale, the chief marketing officer now directly owns 1,017,388 shares in the company, valued at approximately $291,115,402.32.
The trade was a 5.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink .
Also, insider Victoria Valenzuela sold 15,971 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $313.07, for a total value of $5,000,040.
97. Following the sale, the insider now owns 372,205 shares of the company’s stock, valued at $116,526,219.35.
The trade was a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here .
Insiders have sold a total of 888,867 shares of company stock valued at $284,773,062 over the last ninety days. Company insiders own 14.69% of the company’s stock.
Wall Street Analyst Weigh In View Our Latest Analysis on AppLovin AppLovin Price Performance Shares of NASDAQ APP opened at $341.78 on Friday. AppLovin Co.
has a 52 week low of $37.40 and a 52 week high of $417.64.
The business’s 50 day moving average price is $298.25 and its 200 day moving average price is $169.08.
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 firm has a market cap of $114.70 billion, a P/E ratio of 103.
57, a P/E/G ratio of 4.17 and a beta of 2.28.
AppLovin ( NASDAQ:APP – Get Free Report ) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.
92 by $0.33. AppLovin had a net margin of 26.
85% and a return on equity of 122.24%. The business had revenue of $1.
20 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the firm earned $0.
30 EPS. The business’s revenue for the quarter was up 38.6% on a year-over-year basis.
On average, sell-side analysts expect that AppLovin Co. will post 4.06 earnings per share for the current 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.
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