Capula Management Ltd Invests $1.51 Million in AppLovin Co. (NASDAQ:APP)

Capula Management Ltd purchased a new stake in AppLovin Co. (NASDAQ:APP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,668 shares of the company's stock, valued at approximately $1,512,000.

A number of other institutional investors have also made changes to their positions in the business. FMR LLC grew its position in AppLovin by 75.5% in the 4th quarter. FMR LLC now owns 13,851,122 shares of the company's stock worth $4,485,409,000 after purchasing an additional 5,957,885 shares during the last quarter. SVB Wealth LLC acquired a new position in AppLovin in the 4th quarter valued at approximately $1,781,922,000. State Street Corp lifted its position in shares of AppLovin by 8.6% in the 3rd quarter. State Street Corp now owns 5,388,023 shares of the company's stock worth $703,406,000 after acquiring an additional 428,419 shares during the period. Geode Capital Management LLC lifted its holdings in shares of AppLovin by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 4,519,445 shares of the company's stock worth $1,462,144,000 after acquiring an additional 573,310 shares during the period. Finally, Baillie Gifford & Co. lifted its holdings in shares of AppLovin by 5,421.4% during the 4th quarter. Baillie Gifford & Co. now owns 4,084,496 shares of the company's stock worth $1,322,682,000 after acquiring an additional 4,010,520 shares during the period. 41.85% of the stock is currently owned by institutional investors.

Insider Transactions at AppLovin

In other AppLovin news, Director Herald Y. Chen sold 200,000 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $201,675,501.85. This trade represents a 24.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Arash Adam Foroughi sold 45,000 shares of AppLovin stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $422.21, for a total transaction of $18,999,450.00. Following the completion of the transaction, the chief executive officer now directly owns 2,914,492 shares in the company, valued at approximately $1,230,527,667.32. The trade was a 1.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 306,900 shares of company stock valued at $106,401,841 over the last three months. 14.69% of the stock is currently owned by corporate insiders.

AppLovin Trading Down 5.3 %

NASDAQ APP traded down $13.88 on Friday, reaching $249.95. The company had a trading volume of 8,949,643 shares, compared to its average volume of 5,751,052. AppLovin Co. has a 52 week low of $60.67 and a 52 week high of $525.15. The stock's 50 day moving average is $327.20 and its 200-day moving average is $293.41. 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 cap of $84.97 billion, a price-to-earnings ratio of 55.06, a PEG ratio of 3.02 and a beta of 2.39.

AppLovin (NASDAQ:APP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.61. AppLovin had a return on equity of 188.55% and a net margin of 33.54%. Equities analysts predict that AppLovin Co. will post 6.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Piper Sandler lowered their price objective on AppLovin from $575.00 to $425.00 and set an "overweight" rating on the stock in a research note on Thursday. Bank of America boosted their target price on shares of AppLovin from $375.00 to $580.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Wells Fargo & Company dropped their target price on shares of AppLovin from $538.00 to $386.00 and set an "overweight" rating for the company in a research report on Tuesday. FBN Securities initiated coverage on shares of AppLovin in a research note on Friday, March 28th. They set an "outperform" rating and a $385.00 price objective on the stock. Finally, Morgan Stanley raised shares of AppLovin from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $470.00 to $350.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $424.84.

About AppLovin

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.