MASTERINVEST Kapitalanlage GmbH Has $1.82 Million Holdings in AppLovin Corporation $APP

MASTERINVEST Kapitalanlage GmbH grew its holdings in AppLovin Corporation (NASDAQ:APP) by 66.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,570 shares of the company’s stock after acquiring an additional 1,829 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in AppLovin were worth $1,819,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of APP. Washington Trust Advisors Inc. lifted its stake in AppLovin by 160.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock valued at $27,000 after acquiring an additional 24 shares in the last quarter. Board of the Pension Protection Fund bought a new position in shares of AppLovin during the 4th quarter worth approximately $27,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of AppLovin in the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC acquired a new stake in shares of AppLovin in the fourth quarter valued at approximately $32,000. Finally, Osbon Capital Management LLC acquired a new stake in shares of AppLovin in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

AppLovin Trading Up 0.8%

Shares of AppLovin stock opened at $452.73 on Thursday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.24 and a current ratio of 3.24. The firm has a 50-day moving average of $508.18 and a 200-day moving average of $491.61. AppLovin Corporation has a 52-week low of $343.00 and a 52-week high of $745.61. The stock has a market cap of $152.09 billion, a PE ratio of 38.89, a PEG ratio of 0.73 and a beta of 2.49.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.12. AppLovin had a return on equity of 219.37% and a net margin of 64.29%.The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the company earned $1.67 EPS. The company’s revenue was up 58.9% on a year-over-year basis. As a group, sell-side analysts forecast that AppLovin Corporation will post 15.93 EPS for the current year.

Insider Buying and Selling

In other news, Director Eduardo Vivas sold 163,910 shares of AppLovin stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $504.06, for a total transaction of $82,620,474.60. Following the sale, the director directly owned 6,785,087 shares of the company’s stock, valued at approximately $3,420,090,953.22. This trade represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Vasily Shikin sold 62,804 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $484.42, for a total value of $30,423,513.68. Following the sale, the chief technology officer owned 3,189,739 shares in the company, valued at approximately $1,545,173,366.38. This trade represents a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 393,000 shares of company stock worth $197,297,363 in the last ninety days. Insiders own 13.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. KeyCorp set a $775.00 price target on shares of AppLovin in a research report on Wednesday, June 10th. Raymond James Financial initiated coverage on AppLovin in a report on Monday, June 29th. They issued a “strong-buy” rating and a $640.00 price objective for the company. Weiss Ratings raised AppLovin from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 8th. Benchmark reiterated a “buy” rating on shares of AppLovin in a report on Wednesday, June 10th. Finally, Wedbush reissued an “outperform” rating and set a $640.00 price target on shares of AppLovin in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $668.45.

AppLovin Company 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.