7,788 Shares in AppLovin Co. (NASDAQ:APP) Purchased by Capital Impact Advisors LLC

Capital Impact Advisors LLC bought a new stake in shares of AppLovin Co. (NASDAQ:APP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,788 shares of the company’s stock, valued at approximately $648,000. AppLovin comprises 1.8% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 28th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Precision Wealth Strategies LLC purchased a new position in shares of AppLovin in the 4th quarter worth $324,000. Treasurer of the State of North Carolina grew its stake in shares of AppLovin by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 96,140 shares of the company’s stock valued at $3,831,000 after purchasing an additional 807 shares during the period. FinTrust Capital Advisors LLC purchased a new stake in shares of AppLovin during the 4th quarter valued at about $32,000. Cunning Capital Partners LP bought a new position in shares of AppLovin in the 4th quarter worth approximately $1,508,000. Finally, Blueshift Asset Management LLC purchased a new position in shares of AppLovin in the fourth quarter worth approximately $409,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

AppLovin Price Performance

APP stock opened at $127.75 on Monday. The company has a fifty day simple moving average of $92.41 and a two-hundred day simple moving average of $82.86. AppLovin Co. has a 52 week low of $34.45 and a 52 week high of $133.05. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 4.27. The firm has a market capitalization of $42.03 billion, a P/E ratio of 76.04, a price-to-earnings-growth ratio of 1.82 and a beta of 1.88.

AppLovin (NASDAQ:APP) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.77 by $0.12. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. AppLovin had a net margin of 20.89% and a return on equity of 84.16%. The firm’s revenue was up 44.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 EPS. Analysts anticipate that AppLovin Co. will post 3.46 earnings per share for the current fiscal year.

Insider Transactions at AppLovin

In other AppLovin news, Director Dawson Alyssa Harvey sold 1,500 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $87.90, for a total value of $131,850.00. Following the sale, the director now owns 10,247 shares in the company, valued at $900,711.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Dawson Alyssa Harvey sold 1,500 shares of AppLovin stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $87.90, for a total value of $131,850.00. Following the transaction, the director now directly owns 10,247 shares in the company, valued at approximately $900,711.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Vasily Shikin sold 5,500 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $86.04, for a total value of $473,220.00. Following the sale, the chief technology officer now owns 4,536,447 shares of the company’s stock, valued at $390,315,899.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 728,933 shares of company stock worth $61,807,117. 14.69% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on APP shares. BTIG Research upped their target price on shares of AppLovin from $114.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 13th. Wedbush decreased their target price on AppLovin from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Benchmark upped their price target on AppLovin from $48.00 to $66.00 and gave the stock a “sell” rating in a research report on Friday, August 23rd. Jefferies Financial Group upped their target price on shares of AppLovin from $105.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, UBS Group raised AppLovin from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $145.00 in a report on Tuesday, September 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.44.

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.