115 Shares in AppLovin Co. (NASDAQ:APP) Purchased by Bogart Wealth LLC

Bogart Wealth LLC purchased a new position in AppLovin Co. (NASDAQ:APP) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 115 shares of the company’s stock, valued at approximately $37,000.

Other institutional investors have also modified their holdings of the company. Townsquare Capital LLC lifted its stake in shares of AppLovin by 64.9% in the third quarter. Townsquare Capital LLC now owns 7,942 shares of the company’s stock worth $1,037,000 after acquiring an additional 3,126 shares in the last quarter. Second Half Financial Partners LLC acquired a new stake in AppLovin during the third quarter valued at approximately $224,000. State Street Corp raised its stake in AppLovin by 8.6% during the third quarter. State Street Corp now owns 5,388,023 shares of the company’s stock valued at $703,406,000 after buying an additional 428,419 shares in the last quarter. Eagle Asset Management Inc. raised its stake in AppLovin by 2,200.4% during the third quarter. Eagle Asset Management Inc. now owns 523,149 shares of the company’s stock valued at $68,297,000 after buying an additional 500,407 shares in the last quarter. Finally, Zacks Investment Management raised its stake in AppLovin by 328.1% during the third quarter. Zacks Investment Management now owns 106,121 shares of the company’s stock valued at $13,854,000 after buying an additional 81,331 shares in the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.

Insiders Place Their Bets

In other AppLovin news, insider Victoria Valenzuela sold 15,971 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $313.07, for a total value of $5,000,040.97. Following the completion of the sale, the insider now directly owns 372,205 shares in the company, valued at $116,526,219.35. This represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Craig Scott Billings sold 18,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $318.94, for a total value of $5,740,920.00. Following the sale, the director now owns 2,987 shares of the company’s stock, valued at $952,673.78. This trade represents a 85.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 828,991 shares of company stock worth $267,640,144 over the last ninety days. Company insiders own 14.69% of the company’s stock.

Analyst Ratings Changes

APP has been the topic of several research reports. Stifel Nicolaus upped their price objective on AppLovin from $250.00 to $435.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a research note on Thursday. Daiwa America upgraded AppLovin from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Citigroup upped their price objective on AppLovin from $335.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Bank of America upped their target price on AppLovin from $375.00 to $580.00 and gave the company a “buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, AppLovin has a consensus rating of “Moderate Buy” and an average price target of $422.18.

AppLovin Stock Performance

Shares of APP stock opened at $510.13 on Friday. AppLovin Co. has a 12-month low of $52.75 and a 12-month high of $525.15. The firm has a market capitalization of $171.19 billion, a price-to-earnings ratio of 154.59, a price-to-earnings-growth ratio of 3.10 and a beta of 2.30. The business has a 50 day simple moving average of $351.33 and a 200 day simple moving average of $230.42. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.41 and a quick ratio of 2.41.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, February 12th. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.61. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. On average, equities research analysts anticipate that AppLovin Co. will post 4.09 EPS for the current year.

AppLovin Company 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.