D Orazio & Associates Inc. Purchases New Holdings in AppLovin Co. (NASDAQ:APP)

D Orazio & Associates Inc. acquired a new position in shares of AppLovin Co. (NASDAQ:APP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,610 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in shares of AppLovin by 167.0% during the first quarter. Janney Montgomery Scott LLC now owns 16,146 shares of the company’s stock valued at $1,118,000 after acquiring an additional 10,099 shares during the period. Empowered Funds LLC acquired a new stake in shares of AppLovin during the 1st quarter worth approximately $1,235,000. SG Americas Securities LLC raised its stake in shares of AppLovin by 33.5% during the first quarter. SG Americas Securities LLC now owns 4,100 shares of the company’s stock worth $284,000 after buying an additional 1,028 shares during the last quarter. Sei Investments Co. raised its stake in shares of AppLovin by 457.9% during the first quarter. Sei Investments Co. now owns 291,359 shares of the company’s stock worth $20,168,000 after buying an additional 239,131 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in AppLovin by 9.7% in the first quarter. QRG Capital Management Inc. now owns 7,988 shares of the company’s stock valued at $553,000 after acquiring an additional 705 shares during the last quarter. 41.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 sale, the director now directly owns 10,247 shares in the company, valued at $900,711.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Dawson Alyssa Harvey sold 1,500 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 10,247 shares in the company, valued at $900,711.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Vasily Shikin sold 154,500 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $84.14, for a total value of $12,999,630.00. Following the sale, the chief technology officer now owns 4,530,455 shares in the company, valued at $381,192,483.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 404,866 shares of company stock worth $34,670,777. Corporate insiders own 14.69% of the company’s stock.

AppLovin Stock Down 0.5 %

Shares of NASDAQ:APP traded down $1.45 during midday trading on Wednesday, reaching $287.58. 1,363,855 shares of the company were exchanged, compared to its average volume of 4,283,736. The firm has a market cap of $96.12 billion, a PE ratio of 87.59, a P/E/G ratio of 3.52 and a beta of 1.86. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70. AppLovin Co. has a fifty-two week low of $35.79 and a fifty-two week high of $292.86. The stock has a fifty day simple moving average of $147.16 and a two-hundred day simple moving average of $104.56.

AppLovin (NASDAQ:APP) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.33. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. The company’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. As a group, sell-side analysts forecast that AppLovin Co. will post 4.06 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on APP shares. Daiwa America upgraded shares of AppLovin from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Wedbush reiterated an “outperform” rating and issued a $270.00 price objective (up previously from $170.00) on shares of AppLovin in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their target price on AppLovin from $160.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. BTIG Research upped their price target on AppLovin from $202.00 to $291.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Stifel Nicolaus lifted their price objective on shares of AppLovin from $185.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.31.

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.