AppLovin Co. (NASDAQ:APP) Director Sells 229,200 Shares

AppLovin Co. (NASDAQ:APP) Director Eduardo Vivas sold 229,200 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $86.35, for a total transaction of $19,791,420.00. Following the completion of the transaction, the director now owns 7,412,475 shares of the company’s stock, valued at approximately $640,067,216.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Eduardo Vivas also recently made the following trade(s):

• On Friday, July 5th, Eduardo Vivas sold 118,839 shares of AppLovin stock. The stock was sold at an average price of $90.75, for a total transaction of $10,784,639.25.

AppLovin Stock Up 0.9 %

NASDAQ APP traded up $0.77 during trading hours on Tuesday, hitting $86.58. 2,363,362 shares of the company traded hands, compared to its average volume of 4,121,823. The stock has a market capitalization of $28.49 billion, a price-to-earnings ratio of 51.54, a P/E/G ratio of 1.27 and a beta of 1.86. AppLovin Co. has a twelve month low of $34.45 and a twelve month high of $91.91. The business’s 50-day moving average is $80.25 and its 200-day moving average is $73.47. The company has a debt-to-equity ratio of 4.59, a quick ratio of 2.11 and a current ratio of 2.11.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, August 7th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.12. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. AppLovin had a return on equity of 51.55% and a net margin of 16.46%. The firm’s revenue was up 44.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS. Sell-side analysts anticipate that AppLovin Co. will post 2.96 earnings per share for the current year.

Institutional Investors Weigh In On AppLovin

Large investors have recently bought and sold shares of the company. FinTrust Capital Advisors LLC acquired a new stake in AppLovin in the fourth quarter valued at $32,000. Quest Partners LLC bought a new position in shares of AppLovin during the 2nd quarter worth $33,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of AppLovin during the 2nd quarter valued at $34,000. Covestor Ltd raised its position in shares of AppLovin by 85.8% in the first quarter. Covestor Ltd now owns 511 shares of the company’s stock worth $35,000 after buying an additional 236 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of AppLovin during the 2nd quarter worth $37,000. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on APP. Needham & Company LLC reissued a “hold” rating on shares of AppLovin in a research note on Thursday, May 9th. Jefferies Financial Group boosted their price target on shares of AppLovin from $93.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Citigroup boosted their target price on AppLovin from $80.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, May 10th. BTIG Research raised their price target on AppLovin from $87.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group upped their price target on shares of AppLovin from $73.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.94.

AppLovin Company 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.