Schroder Investment Management Group Has $159.49 Million Stock Holdings in AppLovin Co. (NASDAQ:APP)

Schroder Investment Management Group lowered its holdings in shares of AppLovin Co. (NASDAQ:APP) by 37.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 475,534 shares of the company’s stock after selling 290,719 shares during the period. Schroder Investment Management Group owned about 0.14% of AppLovin worth $159,485,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Townsquare Capital LLC lifted its holdings 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 during the last quarter. State Street Corp lifted its stake in AppLovin by 8.6% in the 3rd quarter. State Street Corp now owns 5,388,023 shares of the company’s stock valued at $703,406,000 after purchasing an additional 428,419 shares during the last quarter. Zacks Investment Management boosted its position in AppLovin by 328.1% in 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. Toronto Dominion Bank grew its stake in shares of AppLovin by 38.8% during the third quarter. Toronto Dominion Bank now owns 25,174 shares of the company’s stock worth $3,286,000 after buying an additional 7,039 shares during the last quarter. Finally, Oxinas Partners Wealth Management LLC acquired a new position in shares of AppLovin during the fourth quarter worth $1,081,000. 41.85% of the stock is owned by institutional investors and hedge funds.

AppLovin Stock Up 4.1 %

AppLovin stock opened at $272.38 on Monday. The company has a market capitalization of $92.60 billion, a PE ratio of 60.00, a PEG ratio of 3.02 and a beta of 2.33. AppLovin Co. has a 12-month low of $60.67 and a 12-month high of $525.15. The firm’s fifty day moving average is $351.86 and its 200 day moving average is $284.38. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70.

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

Insider Activity

In other news, Director Herald Y. Chen sold 200,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $324.65, for a total transaction of $64,930,000.00. Following the completion of the sale, the director now directly owns 621,209 shares of the company’s stock, valued at $201,675,501.85. The trade was a 24.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Arash Adam Foroughi sold 44,400 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $410.89, for a total transaction of $18,243,516.00. Following the completion of the transaction, the chief executive officer now directly owns 2,869,492 shares in the company, valued at approximately $1,179,045,567.88. The trade was a 1.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 306,900 shares of company stock worth $106,401,841 over the last quarter. 14.69% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

APP has been the topic of a number of research reports. FBN Securities assumed coverage on AppLovin in a research report on Friday. They set an “outperform” rating and a $385.00 price objective on the stock. UBS Group boosted their price target on AppLovin from $440.00 to $630.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Oppenheimer reiterated an “outperform” rating on shares of AppLovin in a research report on Thursday. Wells Fargo & Company set a $538.00 target price on shares of AppLovin and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Stifel Nicolaus raised their price target on shares of AppLovin from $250.00 to $435.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $435.47.

AppLovin 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.