Optiver Holding B.V. Decreases Holdings in AppLovin Corporation $APP

Optiver Holding B.V. trimmed its stake in AppLovin Corporation (NASDAQ:APP) by 49.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,137 shares of the company’s stock after selling 2,110 shares during the quarter. Optiver Holding B.V.’s holdings in AppLovin were worth $1,536,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of APP. Chilton Capital Management LLC bought a new stake in shares of AppLovin in the 3rd quarter worth approximately $29,000. Activest Wealth Management increased its position in AppLovin by 760.0% in the third quarter. Activest Wealth Management now owns 43 shares of the company’s stock worth $31,000 after buying an additional 38 shares during the last quarter. Heartwood Wealth Advisors LLC bought a new stake in shares of AppLovin in the third quarter valued at $33,000. CBIZ Investment Advisory Services LLC raised its stake in shares of AppLovin by 58.6% in the third quarter. CBIZ Investment Advisory Services LLC now owns 46 shares of the company’s stock valued at $33,000 after buying an additional 17 shares during the period. Finally, Bogart Wealth LLC lifted its position in shares of AppLovin by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 48 shares of the company’s stock valued at $34,000 after buying an additional 24 shares during the last quarter. 41.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

APP has been the subject of several recent research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $700.00 price objective on shares of AppLovin in a report on Thursday, February 12th. BTIG Research reduced their target price on shares of AppLovin from $771.00 to $640.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Wedbush boosted their price target on shares of AppLovin from $465.00 to $640.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $650.00 price objective (down from $800.00) on shares of AppLovin in a report on Thursday, February 12th. Finally, Jefferies Financial Group reduced their price objective on shares of AppLovin from $860.00 to $700.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Twenty-one analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $651.77.

Insider Activity

In other AppLovin news, insider Victoria Valenzuela sold 7,609 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $657.13, for a total value of $5,000,102.17. Following the transaction, the insider directly owned 277,110 shares in the company, valued at $182,097,294.30. This represents a 2.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dawson Alyssa Harvey sold 150 shares of AppLovin stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $693.32, for a total value of $103,998.00. Following the sale, the director owned 2,829 shares of the company’s stock, valued at approximately $1,961,402.28. This trade represents a 5.04% decrease in their position. The SEC filing for this sale provides additional information. 13.66% of the stock is owned by insiders.

AppLovin Stock Performance

AppLovin stock opened at $421.60 on Thursday. AppLovin Corporation has a 1-year low of $200.50 and a 1-year high of $745.61. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $142.48 billion, a PE ratio of 43.24, a price-to-earnings-growth ratio of 0.81 and a beta of 2.49. The firm’s 50 day simple moving average is $550.18 and its 200 day simple moving average is $571.84.

AppLovin (NASDAQ:APP) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $3.24 EPS for the quarter, beating the consensus estimate of $2.89 by $0.35. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. AppLovin had a net margin of 57.42% and a return on equity of 245.64%. The business’s quarterly revenue was up 66.0% compared to the same quarter last year. During the same period last year, the firm earned $1.73 EPS. As a group, analysts expect that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

About AppLovin

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.