Global Retirement Partners LLC Acquires 307 Shares of AppLovin Co. (NASDAQ:APP)

Global Retirement Partners LLC raised its holdings in AppLovin Co. (NASDAQ:APP) by 21.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,738 shares of the company’s stock after buying an additional 307 shares during the period. Global Retirement Partners LLC’s holdings in AppLovin were worth $563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in AppLovin in the third quarter valued at approximately $25,000. GHP Investment Advisors Inc. acquired a new position in shares of AppLovin in the fourth quarter valued at approximately $25,000. DT Investment Partners LLC acquired a new position in shares of AppLovin in the third quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new position in shares of AppLovin in the third quarter valued at approximately $27,000. Finally, Hemington Wealth Management grew its position in shares of AppLovin by 78.4% in the fourth quarter. Hemington Wealth Management now owns 91 shares of the company’s stock valued at $29,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 41.85% of the company’s stock.

Insider Buying and Selling at AppLovin

In other news, Director Herald Y. Chen sold 99,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $329.50, for a total value of $32,620,500.00. Following the completion of the transaction, the director now directly owns 621,209 shares in the company, valued at approximately $204,688,365.50. This represents a 13.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eduardo Vivas sold 30,330 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $330.67, for a total value of $10,029,221.10. Following the completion of the transaction, the director now owns 90,576 shares of the company’s stock, valued at $29,950,765.92. The trade was a 25.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 196,302 shares of company stock valued at $65,305,354. 14.69% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on APP. Needham & Company LLC reaffirmed a “hold” rating on shares of AppLovin in a research report on Thursday, February 13th. UBS Group upped their target price on AppLovin from $440.00 to $630.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. The Goldman Sachs Group upped their target price on AppLovin from $220.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Macquarie upped their target price on AppLovin from $270.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Piper Sandler increased their price target on AppLovin from $400.00 to $575.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AppLovin presently has an average rating of “Moderate Buy” and an average price target of $442.18.

AppLovin Trading Down 7.7 %

Shares of APP stock opened at $415.31 on Friday. The stock’s fifty day moving average price is $365.59 and its two-hundred day moving average price is $244.47. The company has a market cap of $139.37 billion, a PE ratio of 91.48, a P/E/G ratio of 3.28 and a beta of 2.30. AppLovin Co. has a fifty-two week low of $56.45 and a fifty-two week high of $525.15. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.41 and a current ratio of 2.41.

AppLovin (NASDAQ:APP) last issued its earnings results on Wednesday, February 12th. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.61. AppLovin had a return on equity of 188.55% and a net margin of 33.54%. Equities analysts predict that AppLovin Co. will post 6.87 EPS for the current fiscal year.

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.