Janus Henderson Group PLC Has $2.18 Billion Position in AppLovin Corporation $APP

Janus Henderson Group PLC lessened its position in AppLovin Corporation (NASDAQ:APP) by 8.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,242,235 shares of the company’s stock after selling 304,341 shares during the period. AppLovin comprises about 1.0% of Janus Henderson Group PLC’s portfolio, making the stock its 12th largest holding. Janus Henderson Group PLC’s holdings in AppLovin were worth $2,178,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APP. Washington Trust Advisors Inc. raised its stake in AppLovin by 160.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock valued at $27,000 after buying an additional 24 shares during the period. Board of the Pension Protection Fund acquired a new position in shares of AppLovin during the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in shares of AppLovin during the 4th quarter worth approximately $32,000. Graney & King LLC bought a new stake in AppLovin in the 3rd quarter valued at $36,000. Finally, Aventura Private Wealth LLC acquired a new stake in AppLovin during the 4th quarter valued at $38,000. Institutional investors own 41.85% of the company’s stock.

Insider Buying and Selling at AppLovin

In other AppLovin news, insider Victoria Valenzuela sold 20,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $565.89, for a total value of $11,317,800.00. Following the sale, the insider owned 243,961 shares of the company’s stock, valued at approximately $138,055,090.29. This trade represents a 7.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Arash Adam Foroughi sold 22,544 shares of AppLovin stock in a transaction on Friday, June 12th. The shares were sold at an average price of $494.98, for a total value of $11,158,829.12. Following the completion of the transaction, the chief executive officer owned 2,327,684 shares in the company, valued at approximately $1,152,157,026.32. The trade was a 0.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 226,014 shares of company stock valued at $113,073,400 over the last three months. 13.66% of the stock is owned by insiders.

AppLovin Stock Performance

NASDAQ APP opened at $479.49 on Thursday. AppLovin Corporation has a 12-month low of $320.00 and a 12-month high of $745.61. The firm has a 50-day moving average price of $489.48 and a two-hundred day moving average price of $519.07. The company has a market capitalization of $161.08 billion, a P/E ratio of 41.19, a P/E/G ratio of 0.84 and a beta of 2.45. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.49.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.12. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.77 billion. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The firm’s quarterly revenue was up 58.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 earnings per share. Analysts anticipate that AppLovin Corporation will post 15.86 earnings per share for the current year.

Wall Street Analyst Weigh In

APP has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of AppLovin from $500.00 to $515.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings cut shares of AppLovin from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 7th. KeyCorp set a $775.00 target price on shares of AppLovin in a report on Wednesday, June 10th. Arete Research set a $340.00 price target on shares of AppLovin and gave the company a “neutral” rating in a research note on Monday, March 2nd. Finally, Morgan Stanley restated an “overweight” rating on shares of AppLovin in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, AppLovin currently has a consensus rating of “Moderate Buy” and an average target price of $669.62.

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.