AppLovin Corporation $APP Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. increased its stake in AppLovin Corporation (NASDAQ:APP) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,700 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in AppLovin were worth $63,016,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in APP. Revolve Wealth Partners LLC purchased a new stake in shares of AppLovin during the fourth quarter worth about $294,000. Bison Wealth LLC acquired a new stake in AppLovin in the 4th quarter worth about $239,000. Integrated Wealth Concepts LLC boosted its holdings in AppLovin by 58.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,692 shares of the company’s stock worth $448,000 after buying an additional 621 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in AppLovin by 37.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 5,752 shares of the company’s stock worth $2,014,000 after buying an additional 1,579 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of AppLovin during the second quarter valued at approximately $294,000. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AppLovin

In other news, CEO Arash Adam Foroughi sold 30,888 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $520.29, for a total transaction of $16,070,717.52. Following the completion of the transaction, the chief executive officer directly owned 2,553,161 shares in the company, valued at approximately $1,328,384,136.69. This represents a 1.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eduardo Vivas sold 150,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $650.91, for a total transaction of $97,636,500.00. Following the completion of the sale, the director owned 7,133,292 shares in the company, valued at approximately $4,643,131,095.72. This trade represents a 2.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 340,336 shares of company stock worth $200,062,623. 13.66% of the stock is currently owned by company insiders.

AppLovin Stock Up 0.5%

Shares of NASDAQ APP opened at $524.41 on Friday. The company has a market capitalization of $177.22 billion, a P/E ratio of 63.64, a P/E/G ratio of 1.72 and a beta of 2.50. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. The company has a 50 day simple moving average of $634.79 and a 200-day simple moving average of $559.34. AppLovin Corporation has a 1 year low of $200.50 and a 1 year high of $745.61.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.11. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The firm’s quarterly revenue was up 68.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.29 earnings per share. On average, equities research analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Citigroup lowered their price target on AppLovin from $850.00 to $820.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Piper Sandler reaffirmed an “overweight” rating on shares of AppLovin in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on shares of AppLovin from $425.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Bank of America raised their price target on shares of AppLovin from $580.00 to $860.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings cut shares of AppLovin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $706.76.

AppLovin Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.