10,443 Shares in AppLovin Corporation $APP Purchased by Caxton Associates LLP

Caxton Associates LLP bought a new stake in shares of AppLovin Corporation (NASDAQ:APP) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,443 shares of the company’s stock, valued at approximately $3,656,000.

Other hedge funds have also made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in AppLovin in the 4th quarter valued at approximately $294,000. Bison Wealth LLC purchased a new position in shares of AppLovin during the 4th quarter valued at $239,000. Vestmark Advisory Solutions Inc. increased its stake in shares of AppLovin by 314.5% in the first quarter. Vestmark Advisory Solutions Inc. now owns 7,042 shares of the company’s stock worth $1,866,000 after acquiring an additional 5,343 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of AppLovin in the first quarter worth $271,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of AppLovin during the first quarter worth $517,000. 41.85% of the stock is owned by hedge funds and other institutional investors.

AppLovin Stock Down 6.5%

APP opened at $670.67 on Friday. The firm has a market cap of $226.66 billion, a P/E ratio of 81.39, a price-to-earnings-growth ratio of 3.60 and a beta of 2.51. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25. The business has a 50 day moving average price of $608.97 and a 200 day moving average price of $501.74. AppLovin Corporation has a twelve month low of $200.50 and a twelve month high of $745.61.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $1.29 earnings per share. The company’s quarterly revenue was up 68.2% compared to the same quarter last year. Research analysts forecast that AppLovin Corporation will post 6.87 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a research note on Tuesday, August 26th. The Goldman Sachs Group boosted their price target on AppLovin from $630.00 to $720.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Weiss Ratings restated a “buy (b-)” rating on shares of AppLovin in a report on Monday, December 8th. Piper Sandler lifted their target price on shares of AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada boosted their target price on shares of AppLovin from $700.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Nineteen analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, AppLovin has a consensus rating of “Moderate Buy” and a consensus price target of $692.60.

Insider Buying and Selling

In other AppLovin news, Director Eduardo Vivas sold 150,000 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $650.91, for a total transaction of $97,636,500.00. Following the completion of the transaction, the director owned 7,133,292 shares of the company’s stock, valued at $4,643,131,095.72. The trade was a 2.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arash Adam Foroughi sold 30,888 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $520.29, for a total transaction of $16,070,717.52. Following the sale, the chief executive officer owned 2,553,161 shares of the company’s stock, valued at $1,328,384,136.69. This trade represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 332,727 shares of company stock worth $195,062,520 in the last quarter. 13.66% of the stock is currently owned by company insiders.

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.