AppLovin Co. (NASDAQ:APP) Stock Holdings Cut by Eos Management L.P.

Eos Management L.P. lowered its position in AppLovin Co. (NASDAQ:APP) by 19.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,989 shares of the company’s stock after selling 34,333 shares during the period. AppLovin comprises about 2.4% of Eos Management L.P.’s portfolio, making the stock its 9th largest position. Eos Management L.P.’s holdings in AppLovin were worth $5,499,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in AppLovin by 8.5% in the third quarter. Vanguard Group Inc. now owns 18,099,233 shares of the company’s stock worth $723,245,000 after purchasing an additional 1,411,453 shares during the last quarter. Sapient Capital LLC purchased a new position in shares of AppLovin in the 4th quarter worth about $165,057,000. Ameriprise Financial Inc. boosted its holdings in shares of AppLovin by 4,805.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,402,657 shares of the company’s stock worth $56,050,000 after buying an additional 1,374,066 shares during the last quarter. Raymond James & Associates grew its position in AppLovin by 12.3% during the fourth quarter. Raymond James & Associates now owns 1,041,839 shares of the company’s stock valued at $41,517,000 after buying an additional 113,932 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in AppLovin by 10.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 989,922 shares of the company’s stock worth $39,557,000 after buying an additional 93,618 shares during the last quarter. 41.85% of the stock is owned by institutional investors.

Insider Buying and Selling at AppLovin

In related news, CFO Matthew Stumpf sold 2,775 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $63.30, for a total transaction of $175,657.50. Following the transaction, the chief financial officer now owns 362,264 shares in the company, valued at $22,931,311.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other AppLovin news, insider Victoria Valenzuela sold 50,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $75.01, for a total transaction of $3,750,500.00. Following the completion of the transaction, the insider now owns 471,560 shares of the company’s stock, valued at $35,371,715.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew Stumpf sold 2,775 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $63.30, for a total transaction of $175,657.50. Following the completion of the sale, the chief financial officer now directly owns 362,264 shares in the company, valued at $22,931,311.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 61,215 shares of company stock valued at $4,416,815. 12.43% of the stock is currently owned by company insiders.

AppLovin Trading Up 6.7 %

AppLovin stock traded up $4.61 during trading hours on Friday, reaching $73.82. The company had a trading volume of 5,379,530 shares, compared to its average volume of 4,092,822. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.71 and a quick ratio of 1.71. AppLovin Co. has a 12-month low of $15.70 and a 12-month high of $79.55. The firm has a market cap of $25.25 billion, a price-to-earnings ratio of 73.82, a P/E/G ratio of 1.40 and a beta of 1.90. The company has a 50-day moving average price of $67.13 and a 200 day moving average price of $49.97.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.35 by $0.14. The firm had revenue of $953.26 million during the quarter, compared to the consensus estimate of $928.66 million. AppLovin had a net margin of 10.84% and a return on equity of 24.69%. The company’s quarterly revenue was up 35.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.21) earnings per share. Equities analysts forecast that AppLovin Co. will post 2.49 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on APP shares. TheStreet raised AppLovin from a “d+” rating to a “c-” rating in a report on Friday, March 8th. Wedbush increased their price target on AppLovin from $67.00 to $87.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Daiwa Capital Markets started coverage on AppLovin in a research note on Monday, April 15th. They issued a “neutral” rating and a $80.00 price objective on the stock. Oppenheimer boosted their target price on shares of AppLovin from $70.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Finally, BTIG Research increased their price objective on AppLovin from $65.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.31.

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.