AppLovin Co. (NASDAQ:APP) Stock Holdings Increased by Cozad Asset Management Inc.

Cozad Asset Management Inc. grew its position in AppLovin Co. (NASDAQ:APP - Free Report) by 342.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,096 shares of the company's stock after acquiring an additional 28,706 shares during the quarter. AppLovin makes up approximately 1.1% of Cozad Asset Management Inc.'s holdings, making the stock its 20th largest position. Cozad Asset Management Inc.'s holdings in AppLovin were worth $12,013,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in APP. GHP Investment Advisors Inc. acquired a new position in AppLovin in the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. acquired a new position in AppLovin during the 3rd quarter valued at approximately $27,000. Riverview Trust Co grew its stake in AppLovin by 1,640.0% during the 4th quarter. Riverview Trust Co now owns 87 shares of the company's stock worth $28,000 after buying an additional 82 shares during the last quarter. Hemington Wealth Management increased its position in AppLovin by 78.4% in the fourth quarter. Hemington Wealth Management now owns 91 shares of the company's stock worth $29,000 after buying an additional 40 shares during the period. Finally, Fifth Third Bancorp lifted its stake in AppLovin by 172.2% in the fourth quarter. Fifth Third Bancorp now owns 98 shares of the company's stock valued at $32,000 after buying an additional 62 shares during the last quarter. 41.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APP has been the subject of several recent research reports. Wells Fargo & Company set a $538.00 price target on shares of AppLovin and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Macquarie upped their target price on shares of AppLovin from $270.00 to $450.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Bank of America lifted their price target on AppLovin from $375.00 to $580.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of AppLovin in a research note on Monday. Finally, Piper Sandler boosted their price target on AppLovin from $400.00 to $575.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $438.28.

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AppLovin Price Performance

APP stock traded up $13.96 on Monday, hitting $306.85. 8,859,695 shares of the company's stock traded hands, compared to its average volume of 5,166,813. The stock has a market cap of $104.32 billion, a price-to-earnings ratio of 67.59, a P/E/G ratio of 3.02 and a beta of 2.33. AppLovin Co. has a 1-year low of $60.67 and a 1-year high of $525.15. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 3.70. The stock has a fifty day moving average of $356.03 and a 200-day moving average of $270.72.

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

Insider Activity at AppLovin

In other AppLovin news, Director Herald Y. Chen sold 200,000 shares of the business's stock in a transaction on 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Vasily Shikin sold 17,500 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $241.65, for a total value of $4,228,875.00. Following the completion of the sale, the chief technology officer now directly owns 88,389 shares of the company's stock, valued at approximately $21,359,201.85. This trade represents a 16.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 322,871 shares of company stock worth $111,401,882 in the last quarter. 14.69% of the stock is owned by company insiders.

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.