2,598 Shares in AppLovin Co. (NASDAQ:APP) Bought by Argentarii LLC

Argentarii LLC acquired a new stake in AppLovin Co. (NASDAQ:APP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,598 shares of the company's stock, valued at approximately $841,000.

A number of other large investors also recently modified their holdings of APP. Capital Performance Advisors LLP bought a new stake in AppLovin during the third quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new stake in AppLovin during the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new stake in AppLovin during the third quarter valued at approximately $27,000. Riverview Trust Co lifted its position in AppLovin by 1,640.0% during the fourth quarter. Riverview Trust Co now owns 87 shares of the company's stock valued at $28,000 after purchasing an additional 82 shares during the last quarter. Finally, Hemington Wealth Management raised its stake in shares of AppLovin by 78.4% during the fourth quarter. Hemington Wealth Management now owns 91 shares of the company's stock worth $29,000 after acquiring an additional 40 shares in the last quarter. 41.85% of the stock is currently owned by institutional investors.

Insider Transactions at AppLovin

In related news, CFO Herald Y. Chen sold 400 shares of the firm's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $366.16, for a total value of $146,464.00. Following the completion of the transaction, the chief financial officer now directly owns 207,649 shares of the company's stock, valued at approximately $76,032,757.84. This trade represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Arash Adam Foroughi sold 1,676 shares of the firm's stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $356.39, for a total transaction of $597,309.64. Following the completion of the transaction, the chief executive officer now directly owns 3,058,635 shares of the company's stock, valued at approximately $1,090,066,927.65. This trade represents a 0.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 406,447 shares of company stock worth $140,537,281 in the last quarter. Company insiders own 14.69% of the company's stock.

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Analyst Ratings Changes

Several research analysts have commented on APP shares. Needham & Company LLC reissued a "hold" rating on shares of AppLovin in a research note on Thursday, February 13th. UBS Group boosted their price objective on shares of AppLovin from $440.00 to $630.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Bank of America boosted their price objective on shares of AppLovin from $375.00 to $580.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Stifel Nicolaus boosted their price objective on shares of AppLovin from $250.00 to $435.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of AppLovin from $325.00 to $475.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $452.29.

AppLovin Stock Performance

Shares of NASDAQ APP traded up $10.85 during trading on Friday, reaching $270.48. 14,581,399 shares of the company traded hands, compared to its average volume of 5,030,862. The firm has a 50 day simple moving average of $363.84 and a 200-day simple moving average of $262.97. 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 stock has a market capitalization of $90.77 billion, a PE ratio of 59.58, a P/E/G ratio of 3.02 and a beta of 2.33. AppLovin Co. has a 52-week low of $59.30 and a 52-week high of $525.15.

AppLovin (NASDAQ:APP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.73 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that AppLovin Co. will post 6.87 earnings per share for the current 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.