AppLovin Co. (NASDAQ:APP) Shares Sold by One Wealth Advisors LLC

One Wealth Advisors LLC lessened its position in AppLovin Co. (NASDAQ:APP) by 14.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,627 shares of the company’s stock after selling 784 shares during the period. One Wealth Advisors LLC’s holdings in AppLovin were worth $1,498,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Resonant Capital Advisors LLC acquired a new position in AppLovin in the fourth quarter valued at $348,000. Catalina Capital Group LLC acquired a new position in shares of AppLovin during the 4th quarter valued at about $349,000. McAdam LLC purchased a new position in shares of AppLovin during the 4th quarter worth about $406,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of AppLovin in the fourth quarter worth approximately $204,000. Finally, Greenleaf Trust purchased a new stake in AppLovin in the fourth quarter valued at approximately $273,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

AppLovin Price Performance

NASDAQ APP opened at $369.59 on Monday. The stock’s 50-day moving average price is $341.58 and its two-hundred day moving average price is $208.96. The company has a market cap of $124.03 billion, a PE ratio of 112.00, a PEG ratio of 3.00 and a beta of 2.30. AppLovin Co. has a 1 year low of $40.71 and a 1 year high of $417.64. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 3.70.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.25 earnings per share (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 during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the business earned $0.30 EPS. AppLovin’s quarterly revenue was up 38.6% compared to the same quarter last year. On average, analysts predict that AppLovin Co. will post 4.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on APP shares. The Goldman Sachs Group increased their price target on shares of AppLovin from $220.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Wedbush reaffirmed an “outperform” rating and set a $270.00 price target (up from $170.00) on shares of AppLovin in a research report on Thursday, November 7th. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a research note on Thursday, November 7th. Daiwa Capital Markets upgraded AppLovin from a “neutral” rating to an “outperform” rating and increased their target price for the company from $80.00 to $280.00 in a research note on Friday, November 8th. Finally, Jefferies Financial Group boosted their target price on shares of AppLovin from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $366.29.

Insider Transactions at AppLovin

In other AppLovin news, insider Victoria Valenzuela sold 17,925 shares of AppLovin stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $354.15, for a total transaction of $6,348,138.75. Following the completion of the transaction, the insider now directly owns 405,676 shares of the company’s stock, valued at approximately $143,670,155.40. This trade represents a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Arash Adam Foroughi sold 1,676 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $356.39, for a total transaction of $597,309.64. Following the completion of the sale, the chief executive officer now directly owns 3,058,635 shares in the company, valued at approximately $1,090,066,927.65. The trade was a 0.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 888,867 shares of company stock worth $284,773,062. 14.69% of the stock is currently owned by company insiders.

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.