AppLovin Co. (NASDAQ:APP) Shares Purchased by Xponance Inc.

Xponance Inc. boosted its holdings in shares of AppLovin Co. (NASDAQ:APP) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,664 shares of the company’s stock after acquiring an additional 334 shares during the period. Xponance Inc.’s holdings in AppLovin were worth $545,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. BluePath Capital Management LLC acquired a new stake in shares of AppLovin in the third quarter valued at approximately $33,000. Castleview Partners LLC purchased a new stake in AppLovin in the 3rd quarter valued at $38,000. Cullen Frost Bankers Inc. acquired a new stake in shares of AppLovin in the 3rd quarter worth $44,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of AppLovin during the 3rd quarter worth $45,000. Finally, Acadian Asset Management LLC purchased a new position in AppLovin during the third quarter worth about $59,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

AppLovin Price Performance

AppLovin stock opened at $73.82 on Friday. AppLovin Co. has a 52-week low of $15.70 and a 52-week high of $79.55. The firm has a market capitalization of $25.25 billion, a P/E ratio of 73.82, a PEG ratio of 1.40 and a beta of 1.90. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.31. The firm has a fifty day moving average of $67.13 and a 200-day moving average of $49.97.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.14. AppLovin had a return on equity of 24.69% and a net margin of 10.84%. The firm had revenue of $953.26 million during the quarter, compared to analyst estimates of $928.66 million. During the same quarter last year, the firm earned ($0.21) EPS. AppLovin’s quarterly revenue was up 35.7% on a year-over-year basis. As a group, analysts predict that AppLovin Co. will post 2.49 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Oppenheimer upped their price target on AppLovin from $70.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Daiwa Capital Markets assumed coverage on AppLovin in a research note on Monday, April 15th. They issued a “neutral” rating and a $80.00 price objective for the company. The Goldman Sachs Group increased their target price on AppLovin from $59.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. TheStreet raised AppLovin from a “d+” rating to a “c-” rating in a research report on Friday, March 8th. Finally, BTIG Research boosted their price target on shares of AppLovin from $65.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.31.

Insider Activity

In related news, insider Victoria Valenzuela sold 50,000 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $75.01, for a total transaction of $3,750,500.00. Following the completion of the transaction, the insider now directly owns 471,560 shares in the company, valued at approximately $35,371,715.60. The sale was disclosed in a document filed with the SEC, which is available through this link. In other AppLovin news, Director Craig Scott Billings sold 5,550 shares of AppLovin stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $58.33, for a total transaction of $323,731.50. Following the sale, the director now owns 12,739 shares of the company’s stock, valued at approximately $743,065.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Victoria Valenzuela sold 50,000 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $75.01, for a total transaction of $3,750,500.00. Following the completion of the sale, the insider now directly owns 471,560 shares of the company’s stock, valued at approximately $35,371,715.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,215 shares of company stock valued at $4,416,815. 12.43% of the stock is currently owned by insiders.

AppLovin Profile

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.