AppLovin Corporation $APP Holdings Increased by Decker Retirement Planning Inc.

Decker Retirement Planning Inc. grew its position in shares of AppLovin Corporation (NASDAQ:APP) by 52,626.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,127 shares of the company’s stock after purchasing an additional 12,104 shares during the period. AppLovin makes up 4.8% of Decker Retirement Planning Inc.’s portfolio, making the stock its 3rd biggest holding. Decker Retirement Planning Inc.’s holdings in AppLovin were worth $8,714,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in APP. Heartwood Wealth Advisors LLC bought a new position in shares of AppLovin in the third quarter worth approximately $33,000. Bogart Wealth LLC grew its stake in AppLovin by 100.0% in the 3rd quarter. Bogart Wealth LLC now owns 48 shares of the company’s stock worth $34,000 after buying an additional 24 shares in the last quarter. Proffitt & Goodson Inc. increased its holdings in shares of AppLovin by 65.7% in the 3rd quarter. Proffitt & Goodson Inc. now owns 58 shares of the company’s stock worth $42,000 after buying an additional 23 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of AppLovin during the 2nd quarter valued at $26,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of AppLovin during the 2nd quarter worth $26,000. Institutional investors own 41.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on APP shares. UBS Group restated a “buy” rating and set a $775.00 price target on shares of AppLovin in a research report on Thursday, December 11th. BTIG Research reaffirmed a “buy” rating and issued a $771.00 target price on shares of AppLovin in a research note on Wednesday, December 17th. Oppenheimer set a $740.00 price target on shares of AppLovin in a research note on Tuesday, October 7th. JPMorgan Chase & Co. boosted their price objective on shares of AppLovin from $425.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Finally, Benchmark increased their target price on shares of AppLovin from $700.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $696.60.

AppLovin Price Performance

Shares of AppLovin stock opened at $658.65 on Tuesday. The company’s fifty day simple moving average is $639.53 and its two-hundred day simple moving average is $547.55. AppLovin Corporation has a 12-month low of $200.50 and a 12-month high of $745.61. The firm has a market cap of $222.59 billion, a PE ratio of 79.93, a price-to-earnings-growth ratio of 2.14 and a beta of 2.50. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. AppLovin’s revenue for the quarter was up 68.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. As a group, equities analysts expect that AppLovin Corporation will post 6.87 EPS for the current year.

Insiders Place Their Bets

In other news, insider Victoria Valenzuela sold 7,609 shares of AppLovin stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $657.13, for a total value of $5,000,102.17. Following the sale, the insider directly owned 277,110 shares in the company, valued at approximately $182,097,294.30. This trade represents a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dawson Alyssa Harvey sold 150 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $693.32, for a total value of $103,998.00. Following the transaction, the director directly owned 2,829 shares in the company, valued at $1,961,402.28. This trade represents a 5.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 340,336 shares of company stock worth $200,062,623. Corporate insiders own 13.66% of the company’s stock.

AppLovin Company Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.