Aptus Capital Advisors LLC Purchases 104 Shares of AppLovin Co. (NASDAQ:APP)

Aptus Capital Advisors LLC raised its position in AppLovin Co. (NASDAQ:APP) by 0.3% during the third quarter, Holdings Channel reports. The institutional investor owned 33,478 shares of the company’s stock after buying an additional 104 shares during the quarter. Aptus Capital Advisors LLC’s holdings in AppLovin were worth $4,371,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of AppLovin in the 3rd quarter worth $25,000. DT Investment Partners LLC bought a new position in shares of AppLovin in the 3rd quarter worth $27,000. Raleigh Capital Management Inc. bought a new position in shares of AppLovin in the 3rd quarter worth $29,000. HM Payson & Co. boosted its position in shares of AppLovin by 50.0% in the 3rd quarter. HM Payson & Co. now owns 300 shares of the company’s stock worth $39,000 after purchasing an additional 100 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in shares of AppLovin in the 3rd quarter worth $42,000. 41.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on APP. Daiwa America raised AppLovin from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Jefferies Financial Group raised their price objective on AppLovin from $105.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of AppLovin in a research note on Thursday, November 7th. Bank of America raised their price objective on AppLovin from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company initiated coverage on AppLovin in a research note on Monday, October 28th. They issued an “overweight” rating and a $200.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $194.31.

AppLovin Trading Up 0.9 %

AppLovin stock opened at $289.03 on Wednesday. AppLovin Co. has a 52 week low of $35.79 and a 52 week high of $292.86. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.28 and a current ratio of 2.41. The stock has a market capitalization of $96.61 billion, a P/E ratio of 87.59, a PEG ratio of 4.18 and a beta of 1.86. The stock has a 50-day simple moving average of $147.16 and a 200 day simple moving average of $104.56.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.33. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business’s revenue was up 38.6% on a year-over-year basis. Analysts expect that AppLovin Co. will post 3.98 earnings per share for the current year.

Insider Transactions at AppLovin

In other news, Director Dawson Alyssa Harvey sold 1,500 shares of AppLovin stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 in the company, valued at approximately $900,711.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Dawson Alyssa Harvey sold 1,500 shares of AppLovin stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 in the company, valued at approximately $900,711.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Victoria Valenzuela sold 14,166 shares of AppLovin stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $89.98, for a total transaction of $1,274,656.68. Following the completion of the sale, the insider now owns 352,616 shares of the company’s stock, valued at approximately $31,728,387.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 404,866 shares of company stock worth $34,670,777 over the last quarter. Company insiders own 14.69% of the company’s stock.

AppLovin Profile

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.