Nations Financial Group Inc. IA ADV Makes New $2.20 Million Investment in AppLovin Co. (NASDAQ:APP)

Nations Financial Group Inc. IA ADV acquired a new position in AppLovin Co. (NASDAQ:APP - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,800 shares of the company's stock, valued at approximately $2,202,000.

A number of other institutional investors have also recently bought and sold shares of APP. Townsquare Capital LLC lifted its position in AppLovin by 64.9% during the third quarter. Townsquare Capital LLC now owns 7,942 shares of the company's stock worth $1,037,000 after purchasing an additional 3,126 shares during the period. Second Half Financial Partners LLC bought a new stake in shares of AppLovin during the 3rd quarter worth approximately $224,000. State Street Corp boosted its position in shares of AppLovin by 8.6% during 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 in the last quarter. Eagle Asset Management Inc. increased its stake in AppLovin by 2,200.4% in the third quarter. Eagle Asset Management Inc. now owns 523,149 shares of the company's stock valued at $68,297,000 after acquiring an additional 500,407 shares during the last quarter. Finally, Zacks Investment Management raised its position in AppLovin by 328.1% during the third quarter. Zacks Investment Management now owns 106,121 shares of the company's stock valued at $13,854,000 after purchasing an additional 81,331 shares in the last quarter. Institutional investors own 41.85% of the company's stock.

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Analysts Set New Price Targets

APP has been the topic of a number of research analyst reports. Piper Sandler raised their target price on AppLovin from $400.00 to $575.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on AppLovin from $325.00 to $475.00 and gave the stock a "neutral" rating in a research note on Thursday, February 13th. Needham & Company LLC restated a "hold" rating on shares of AppLovin in a research note on Thursday, February 13th. Loop Capital upped their price objective on shares of AppLovin from $385.00 to $450.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Finally, The Goldman Sachs Group boosted their target price on shares of AppLovin from $220.00 to $335.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $430.41.

Insider Transactions at AppLovin

In other AppLovin news, insider Victoria Valenzuela sold 17,925 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $354.15, for a total value of $6,348,138.75. Following the transaction, the insider now directly owns 405,676 shares of the company's stock, valued at approximately $143,670,155.40. This trade represents a 4.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Vasily Shikin sold 593,588 shares of AppLovin stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $319.37, for a total transaction of $189,574,199.56. Following the transaction, the chief technology officer now owns 3,919,024 shares of the company's stock, valued at $1,251,618,694.88. This represents a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 828,991 shares of company stock valued at $267,640,144 in the last 90 days. 14.69% of the stock is currently owned by corporate insiders.

AppLovin Trading Down 0.4 %

Shares of AppLovin stock traded down $1.83 on Wednesday, hitting $494.17. 5,023,451 shares of the company's stock traded hands, compared to its average volume of 5,072,176. The company has a market capitalization of $165.84 billion, a price-to-earnings ratio of 108.85, a price-to-earnings-growth ratio of 3.84 and a beta of 2.30. The company has a fifty day moving average of $358.18 and a two-hundred day moving average of $237.58. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.41 and a quick ratio of 2.41. AppLovin Co. has a one year low of $54.50 and a one year high of $525.15.

AppLovin (NASDAQ:APP - Get Free Report) last announced its quarterly earnings data 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 net margin of 33.54% and a return on equity of 188.55%. As a group, sell-side analysts expect that AppLovin Co. will post 6.64 earnings per share for the current year.

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.