AppLovin Co. (NASDAQ:APP) Shares Sold by Sivia Capital Partners LLC

Sivia Capital Partners LLC lowered its position in shares of AppLovin Co. (NASDAQ:APP) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,881 shares of the company’s stock after selling 253 shares during the period. Sivia Capital Partners LLC’s holdings in AppLovin were worth $933,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. TD Asset Management Inc lifted its position in shares of AppLovin by 6.1% during the 2nd quarter. TD Asset Management Inc now owns 13,735 shares of the company’s stock worth $1,143,000 after buying an additional 793 shares during the last quarter. National Bank of Canada FI boosted its stake in AppLovin by 77.2% in the second quarter. National Bank of Canada FI now owns 964 shares of the company’s stock valued at $82,000 after acquiring an additional 420 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of AppLovin by 98.6% during the second quarter. Private Advisor Group LLC now owns 7,144 shares of the company’s stock worth $595,000 after purchasing an additional 3,547 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of AppLovin by 21.1% during the second quarter. Acadian Asset Management LLC now owns 19,781 shares of the company’s stock worth $1,642,000 after purchasing an additional 3,442 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of AppLovin in the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Insider Transactions at AppLovin

In related news, CTO Vasily Shikin sold 593,588 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $319.37, for a total value of $189,574,199.56. Following the sale, the chief technology officer now owns 3,919,024 shares of the company’s stock, valued at approximately $1,251,618,694.88. This trade represents a 13.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Victoria Valenzuela sold 17,925 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $354.15, for a total transaction of $6,348,138.75. Following the transaction, the insider now directly owns 405,676 shares of the company’s stock, valued at approximately $143,670,155.40. This trade represents a 4.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 888,867 shares of company stock valued at $284,773,062. 14.69% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Jefferies Financial Group lifted their price objective on shares of AppLovin from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Needham & Company LLC reissued a “hold” rating on shares of AppLovin in a research note on Thursday, November 7th. Bank of America boosted their price target on shares of AppLovin from $252.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Piper Sandler assumed coverage on AppLovin in a report on Wednesday, November 20th. They issued an “overweight” rating and a $400.00 price objective on the stock. Finally, Citigroup increased their target price on AppLovin from $335.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $338.06.

AppLovin Stock Down 1.8 %

Shares of NASDAQ:APP traded down $5.88 during midday trading on Monday, hitting $312.60. 2,926,520 shares of the company’s stock traded hands, compared to its average volume of 4,401,078. The firm’s fifty day moving average price is $318.41 and its two-hundred day moving average price is $181.16. 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 Co. has a twelve month low of $39.43 and a twelve month high of $417.64. The company has a market cap of $104.91 billion, a PE ratio of 94.73, a P/E/G ratio of 4.17 and a beta of 2.29.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.33. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. AppLovin had a net margin of 26.85% and a return on equity of 122.24%. The business’s quarterly revenue was up 38.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. On average, equities research analysts anticipate that AppLovin Co. will post 4.06 EPS for the current fiscal year.

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.