Cwm LLC Acquires 401 Shares of AppLovin Co. (NASDAQ:APP)

Cwm LLC lifted its position in AppLovin Co. (NASDAQ:APP) by 16.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,864 shares of the company’s stock after purchasing an additional 401 shares during the quarter. Cwm LLC’s holdings in AppLovin were worth $114,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BluePath Capital Management LLC bought a new position in shares of AppLovin in the third quarter worth $33,000. Castleview Partners LLC bought a new position in shares of AppLovin in the third quarter worth $38,000. Cullen Frost Bankers Inc. purchased a new position in AppLovin in the third quarter worth $44,000. Robeco Institutional Asset Management B.V. bought a new position in AppLovin in the third quarter valued at $45,000. Finally, Lindbrook Capital LLC increased its stake in AppLovin by 26.6% in the fourth quarter. Lindbrook Capital LLC now owns 1,337 shares of the company’s stock valued at $53,000 after acquiring an additional 281 shares during the last quarter. Institutional investors own 41.85% of the company’s stock.

AppLovin Stock Up 2.4 %

NASDAQ APP opened at $76.85 on Tuesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.71 and a quick ratio of 1.71. The stock has a market capitalization of $26.28 billion, a PE ratio of 76.89, a PEG ratio of 1.48 and a beta of 1.85. AppLovin Co. has a 1 year low of $17.20 and a 1 year high of $79.55. The business’s 50-day moving average is $68.59 and its 200 day moving average is $51.27.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, February 14th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.14. The company had revenue of $953.26 million for the quarter, compared to analysts’ expectations of $928.66 million. AppLovin had a return on equity of 24.69% and a net margin of 10.84%. AppLovin’s quarterly revenue was up 35.7% on a year-over-year basis. During the same period last year, the firm earned ($0.21) earnings per share. Sell-side analysts forecast that AppLovin Co. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research firms recently commented on APP. UBS Group increased their target price on AppLovin from $46.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. The Goldman Sachs Group increased their target price on AppLovin from $59.00 to $73.00 and gave the company 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 note on Friday, March 8th. Daiwa Capital Markets began coverage on AppLovin in a research note on Monday, April 15th. They issued a “neutral” rating and a $80.00 target price on the stock. Finally, Oppenheimer increased their target price on AppLovin from $70.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.60.

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.