Yeomans Consulting Group Inc. Sells 2,950 Shares of AppLovin Co. (NASDAQ:APP)

Yeomans Consulting Group Inc. lessened its holdings in shares of AppLovin Co. (NASDAQ:APP) by 66.6% during the fourth quarter, Holdings Channel reports. The firm owned 1,480 shares of the company’s stock after selling 2,950 shares during the quarter. Yeomans Consulting Group Inc.’s holdings in AppLovin were worth $479,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of APP. FMR LLC increased its stake in shares of AppLovin by 622.8% during the third quarter. FMR LLC now owns 7,893,237 shares of the company’s stock valued at $1,030,462,000 after buying an additional 6,801,138 shares during the period. WCM Investment Management LLC increased its position in AppLovin by 10.5% during the 3rd quarter. WCM Investment Management LLC now owns 10,820,409 shares of the company’s stock valued at $1,382,307,000 after purchasing an additional 1,029,009 shares during the period. Janus Henderson Group PLC increased its position in AppLovin by 31.3% during the 3rd quarter. Janus Henderson Group PLC now owns 2,350,802 shares of the company’s stock valued at $306,897,000 after purchasing an additional 560,560 shares during the period. Eagle Asset Management Inc. raised its holdings in AppLovin by 2,200.4% in the 3rd quarter. Eagle Asset Management Inc. now owns 523,149 shares of the company’s stock worth $68,297,000 after purchasing an additional 500,407 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of AppLovin by 12.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,946,135 shares of the company’s stock worth $514,418,000 after purchasing an additional 449,241 shares during the period. Institutional investors own 41.85% of the company’s stock.

Insider Buying and Selling at AppLovin

In other news, Director Dawson Alyssa Harvey sold 500 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $406.27, for a total transaction of $203,135.00. Following the transaction, the director now directly owns 6,684 shares of the company’s stock, valued at $2,715,508.68. This represents a 6.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Katie Kihorany Jansen sold 59,876 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $286.14, for a total value of $17,132,918.64. Following the completion of the transaction, the chief marketing officer now owns 1,017,388 shares in the company, valued at approximately $291,115,402.32. This trade represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 888,867 shares of company stock worth $284,773,062. Company insiders own 14.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of AppLovin from $200.00 to $325.00 and gave the company a “neutral” rating in a research report on Friday, January 10th. UBS Group upped their target price on AppLovin from $315.00 to $440.00 and gave the stock a “buy” rating in a report on Wednesday. Benchmark assumed coverage on AppLovin in a research note on Friday, January 10th. They issued a “buy” rating and a $375.00 target price for the company. Stifel Nicolaus upped their price target on AppLovin from $250.00 to $435.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Wedbush reissued an “outperform” rating and set a $270.00 price objective (up previously from $170.00) on shares of AppLovin in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, AppLovin has an average rating of “Moderate Buy” and an average price target of $355.41.

AppLovin Price Performance

Shares of NASDAQ APP opened at $362.52 on Friday. The firm has a market cap of $121.66 billion, a P/E ratio of 109.85, a PEG ratio of 2.77 and a beta of 2.29. AppLovin Co. has a twelve month low of $40.71 and a twelve month high of $417.64. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70. The company has a 50 day moving average of $335.97 and a 200 day moving average of $195.69.

AppLovin (NASDAQ:APP) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.33. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the business earned $0.30 earnings per share. The company’s revenue was up 38.6% on a year-over-year basis. As a group, research analysts expect that AppLovin Co. will post 4.06 EPS for the current fiscal 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.