1,212 Shares in AppLovin Co. (NASDAQ:APP) Acquired by Hunting Hill Global Capital LLC

Hunting Hill Global Capital LLC bought a new stake in AppLovin Co. (NASDAQ:APP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,212 shares of the company's stock, valued at approximately $392,000.

Several other institutional investors also recently made changes to their positions in APP. Barclays PLC raised its holdings in AppLovin by 92.5% during the third quarter. Barclays PLC now owns 318,992 shares of the company's stock worth $41,643,000 after purchasing an additional 153,248 shares during the last quarter. Invst LLC raised its stake in shares of AppLovin by 23.2% during the 3rd quarter. Invst LLC now owns 6,812 shares of the company's stock worth $889,000 after buying an additional 1,284 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of AppLovin in the 3rd quarter worth about $3,211,000. SOA Wealth Advisors LLC. acquired a new stake in AppLovin in the 3rd quarter valued at about $59,000. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in AppLovin during the 3rd quarter valued at about $228,000. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

AppLovin Stock Up 3.4 %

Shares of APP traded up $8.99 during midday trading on Friday, reaching $276.87. 4,428,433 shares of the company were exchanged, compared to its average volume of 5,872,712. AppLovin Co. has a 1-year low of $60.67 and a 1-year high of $525.15. The stock has a 50-day moving average price of $295.54 and a 200-day moving average price of $299.04. 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 company has a market cap of $94.12 billion, a price-to-earnings ratio of 61.00, a P/E/G ratio of 3.02 and a beta of 2.39.

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, 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%. Research analysts expect that AppLovin Co. will post 6.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Herald Y. Chen sold 200,000 shares of the business'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 approximately $201,675,501.85. The trade was a 24.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arash Adam Foroughi sold 45,000 shares of the 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 transaction, the chief executive officer now directly owns 2,914,492 shares in the company, valued at approximately $1,230,527,667.32. This represents a 1.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 306,900 shares of company stock worth $106,401,841 in the last quarter. 14.69% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APP. Bank of America increased their price target 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. The Goldman Sachs Group cut their price target on AppLovin from $500.00 to $335.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Arete Research set a $200.00 price objective on AppLovin in a research note on Wednesday, March 5th. FBN Securities began coverage on shares of AppLovin in a research note on Friday, March 28th. They issued an "outperform" rating and a $385.00 target price for the company. Finally, Jefferies Financial Group lifted their price target on shares of AppLovin from $400.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, January 8th. 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's stock. Based on data from MarketBeat.com, AppLovin presently has an average rating of "Moderate Buy" and a consensus target price of $414.05.

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.