Mosley Wealth Management Makes New Investment in AppLovin Co. (NASDAQ:APP)

Mosley Wealth Management bought a new position in shares of AppLovin Co. (NASDAQ:APP) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 548 shares of the company’s stock, valued at approximately $177,000.

Several other large investors have also recently added to or reduced their stakes in APP. Pathstone Holdings LLC boosted its stake in shares of AppLovin by 5.5% in the third quarter. Pathstone Holdings LLC now owns 19,866 shares of the company’s stock valued at $2,594,000 after buying an additional 1,042 shares during the period. Prospera Financial Services Inc bought a new stake in AppLovin during the third quarter worth about $294,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of AppLovin during the 3rd quarter worth approximately $714,000. Commerce Bank boosted its position in shares of AppLovin by 2.6% during the 3rd quarter. Commerce Bank now owns 8,782 shares of the company’s stock worth $1,146,000 after acquiring an additional 221 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in AppLovin by 89.7% during the third quarter. Advisors Asset Management Inc. now owns 681 shares of the company’s stock valued at $89,000 after purchasing an additional 322 shares in the last quarter. Institutional investors own 41.85% of the company’s stock.

AppLovin Stock Up 2.4 %

Shares of NASDAQ:APP opened at $314.03 on Friday. AppLovin Co. has a 1 year low of $60.67 and a 1 year high of $525.15. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.41 and a quick ratio of 2.41. The business’s 50-day moving average is $353.83 and its 200-day moving average is $275.28. The company has a market capitalization of $106.76 billion, a price-to-earnings ratio of 69.17, a P/E/G ratio of 3.02 and a beta of 2.33.

AppLovin (NASDAQ:APP) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.61. AppLovin had a return on equity of 188.55% and a net margin of 33.54%. Equities research analysts predict that AppLovin Co. will post 6.87 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Arash Adam Foroughi sold 45,000 shares of AppLovin stock in a transaction on Friday, February 21st. The shares were sold at an average price of $422.21, for a total value of $18,999,450.00. Following the completion of the sale, the chief executive officer now owns 2,914,492 shares of the company’s stock, valued at approximately $1,230,527,667.32. This trade represents a 1.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Vasily Shikin sold 17,500 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $241.65, for a total transaction of $4,228,875.00. Following the transaction, the chief technology officer now owns 88,389 shares in the company, valued at approximately $21,359,201.85. The trade was a 16.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 306,900 shares of company stock worth $106,401,841. 14.69% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

APP has been the subject of a number of research analyst reports. Oppenheimer reissued an “outperform” rating and set a $560.00 price target (up previously from $480.00) on shares of AppLovin in a report on Thursday, February 13th. Needham & Company LLC reissued a “hold” rating on shares of AppLovin in a research note on Monday, March 17th. Citigroup boosted their target price on shares of AppLovin from $460.00 to $600.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Stifel Nicolaus increased their price target on AppLovin from $250.00 to $435.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. boosted their price objective on AppLovin from $325.00 to $475.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, AppLovin has a consensus rating of “Moderate Buy” and an average target price of $438.28.

About AppLovin

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.