DRW Securities LLC Buys Shares of 4,240 AppLovin Co. (NASDAQ:APP)

DRW Securities LLC bought a new stake in shares of AppLovin Co. (NASDAQ:APP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,240 shares of the company's stock, valued at approximately $1,373,000.

Other large investors have also bought and sold shares of the company. JFS Wealth Advisors LLC boosted its position in AppLovin by 38.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 105 shares of the company's stock worth $34,000 after purchasing an additional 29 shares during the last quarter. HighPoint Advisor Group LLC grew its position in AppLovin by 1.7% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,822 shares of the company's stock valued at $590,000 after buying an additional 31 shares during the period. Quadrant Capital Group LLC raised its position in AppLovin by 6.7% in the fourth quarter. Quadrant Capital Group LLC now owns 526 shares of the company's stock worth $170,000 after acquiring an additional 33 shares during the period. Truvestments Capital LLC boosted its stake in AppLovin by 0.7% in the fourth quarter. Truvestments Capital LLC now owns 5,236 shares of the company's stock valued at $1,696,000 after acquiring an additional 38 shares during the last quarter. Finally, National Bank of Canada FI grew its position in shares of AppLovin by 4.0% during the 3rd quarter. National Bank of Canada FI now owns 1,003 shares of the company's stock valued at $131,000 after acquiring an additional 39 shares during the period. 41.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on APP shares. JPMorgan Chase & Co. lifted their target price on AppLovin from $325.00 to $475.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. FBN Securities assumed coverage on AppLovin in a report on Friday, March 28th. They issued an "outperform" rating and a $385.00 price target on the stock. Needham & Company LLC reissued a "hold" rating on shares of AppLovin in a report on Monday, March 17th. The Goldman Sachs Group raised their price objective on AppLovin from $220.00 to $335.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Finally, UBS Group lowered their price objective on shares of AppLovin from $630.00 to $450.00 and set a "buy" rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $424.84.

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Insider Activity

In other AppLovin news, Director Herald Y. Chen sold 200,000 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $324.65, for a total value of $64,930,000.00. Following the completion of the sale, the director now owns 621,209 shares of the company's stock, valued at $201,675,501.85. This trade represents a 24.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Arash Adam Foroughi sold 45,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $422.21, for a total value of $18,999,450.00. Following the sale, the chief executive officer now directly owns 2,914,492 shares of the company's stock, valued at $1,230,527,667.32. This represents a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 306,900 shares of company stock worth $106,401,841 over the last 90 days. Corporate insiders own 14.69% of the company's stock.

AppLovin Stock Performance

APP stock traded down $8.77 on Monday, hitting $241.18. The company had a trading volume of 3,261,469 shares, compared to its average volume of 5,755,006. The stock's 50-day simple moving average is $327.20 and its 200 day simple moving average is $294.56. The stock has a market cap of $81.99 billion, a price-to-earnings ratio of 53.12, a P/E/G ratio of 3.02 and a beta of 2.39. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 3.70. AppLovin Co. has a 12-month low of $60.67 and a 12-month high of $525.15.

AppLovin (NASDAQ:APP - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.12 by $0.61. AppLovin had a net margin of 33.54% and a return on equity of 188.55%. As a group, equities research analysts expect that AppLovin Co. will post 6.87 earnings per share 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.