Y Intercept Hong Kong Ltd Has $753,000 Stake in AppFolio, Inc. (NASDAQ:APPF)

Y Intercept Hong Kong Ltd decreased its position in AppFolio, Inc. (NASDAQ:APPF) by 23.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,052 shares of the software maker’s stock after selling 935 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in AppFolio were worth $753,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its position in shares of AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. UMB Bank n.a. grew its position in AppFolio by 193.0% during the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after buying an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in AppFolio during the fourth quarter worth approximately $50,000. True Wealth Design LLC acquired a new stake in AppFolio during the third quarter worth approximately $79,000. Finally, Advisors Asset Management Inc. grew its position in AppFolio by 56.6% during the third quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker’s stock worth $92,000 after buying an additional 141 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

AppFolio Stock Performance

Shares of APPF opened at $214.50 on Friday. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $274.56. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 38.65 and a beta of 0.88. The stock has a fifty day moving average of $238.08 and a 200-day moving average of $233.53.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. As a group, equities analysts forecast that AppFolio, Inc. will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. William Blair reissued an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler reissued a “neutral” rating and set a $265.00 price target on shares of AppFolio in a research report on Friday, January 31st. KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target on the stock. in a research report on Friday, January 10th. Finally, Stephens restated an “overweight” rating and set a $295.00 target price on shares of AppFolio in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $276.29.

Insider Buying and Selling

In other AppFolio news, Director Alexander Wolf purchased 9,678 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the acquisition, the director now owns 3,226 shares in the company, valued at approximately $692,977.06. The trade was a -150.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scanlan Agnes Bundy sold 500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $255.42, for a total value of $127,710.00. Following the sale, the director now owns 5,416 shares of the company’s stock, valued at approximately $1,383,354.72. The trade was a 8.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,684 shares of company stock valued at $2,372,625 in the last three months. Insiders own 5.24% of the company’s stock.

AppFolio Company Profile

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.