By otakuyassine3@gmail.com 
AppLovin Co. (NASDAQ:APP – Get Free Report) insider Victoria Valenzuela sold 15,971 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $313.07, for a total transaction of $5,000,040.97. Following the completion of the sale, the insider now owns 372,205 shares in the company, valued at approximately $116,526,219.35. The trade was a 4.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Victoria Valenzuela also recently made the following trade(s):
- On Tuesday, December 3rd, Victoria Valenzuela sold 17,925 shares of AppLovin stock. The stock was sold at an average price of $354.15, for a total value of $6,348,138.75.
AppLovin Stock Performance
Shares of APP stock opened at $341.83 on Thursday. The company’s 50 day moving average is $276.61 and its 200 day moving average is $158.94. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70. The firm has a market cap of $114.72 billion, a price-to-earnings ratio of 103.59, a PEG ratio of 4.17 and a beta of 2.28. AppLovin Co. has a 52-week low of $37.40 and a 52-week high of $417.64.
AppLovin (NASDAQ:APP – Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.33. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.13 billion. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. The business’s revenue was up 38.6% compared to the same quarter last year. During the same period last year, the business posted $0.30 EPS. On average, sell-side analysts anticipate that AppLovin Co. will post 4.06 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on APP shares. Daiwa America upgraded AppLovin from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. UBS Group upgraded AppLovin from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $145.00 in a research report on Tuesday, September 17th. The Goldman Sachs Group downgraded shares of AppLovin from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $103.00 to $150.00 in a research note on Monday, October 14th. Macquarie upped their target price on AppLovin from $270.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company raised their price target on AppLovin from $250.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $310.71.
Check Out Our Latest Stock Report on AppLovin
Institutional Investors Weigh In On AppLovin
A number of hedge funds and other institutional investors have recently bought and sold shares of APP. Capital Performance Advisors LLP purchased a new stake in AppLovin during the 3rd quarter worth approximately $25,000. DT Investment Partners LLC purchased a new stake in shares of AppLovin during the third quarter valued at $27,000. Meeder Asset Management Inc. acquired a new position in shares of AppLovin in the 3rd quarter valued at $27,000. Raleigh Capital Management Inc. purchased a new position in AppLovin in the 3rd quarter worth $29,000. Finally, Quest Partners LLC acquired a new stake in AppLovin during the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.
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.
Recommended Stories
Receive News & Ratings for AppLovin Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for AppLovin and related companies with MarketBeat.com’s FREE daily email newsletter.