Natixis Advisors LLC Has $29.22 Million Holdings in AppLovin Co. (NASDAQ:APP)

Natixis Advisors LLC increased its holdings in AppLovin Co. (NASDAQ:APP - Free Report) by 20.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,856 shares of the company's stock after purchasing an additional 38,718 shares during the quarter. Natixis Advisors LLC owned 0.07% of AppLovin worth $29,224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APP. Capital Performance Advisors LLP purchased a new stake in shares of AppLovin in the 3rd quarter valued at approximately $25,000. DT Investment Partners LLC acquired a new stake in shares of AppLovin in the third quarter worth $27,000. Raleigh Capital Management Inc. purchased a new position in shares of AppLovin during the third quarter valued at $29,000. Quest Partners LLC purchased a new position in shares of AppLovin during the second quarter valued at $33,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in AppLovin during the second quarter valued at $34,000. 41.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APP. JPMorgan Chase & Co. boosted their price objective on shares of AppLovin from $160.00 to $200.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Needham & Company LLC restated a "hold" rating on shares of AppLovin in a report on Thursday, November 7th. Jefferies Financial Group lifted their price objective on AppLovin from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Tuesday, September 10th. UBS Group raised AppLovin from a "neutral" rating to a "buy" rating and upped their target price for the stock from $100.00 to $145.00 in a research report on Tuesday, September 17th. Finally, Daiwa America upgraded AppLovin from a "hold" rating to a "strong-buy" rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, AppLovin presently has an average rating of "Moderate Buy" and a consensus target price of $203.13.

AppLovin Stock Performance

Shares of AppLovin stock traded up $6.91 during midday trading on Monday, hitting $298.00. The company had a trading volume of 5,366,052 shares, compared to its average volume of 4,405,833. AppLovin Co. has a 1-year low of $35.79 and a 1-year high of $302.55. The business's 50 day simple moving average is $159.14 and its two-hundred day simple moving average is $109.11. The stock has a market cap of $100.01 billion, a PE ratio of 90.30, a P/E/G ratio of 3.58 and a beta of 1.86. 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 (NASDAQ:APP - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.33. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.13 billion. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. The firm's revenue for the quarter was up 38.6% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. As a group, equities analysts predict that AppLovin Co. will post 4.06 EPS for the current fiscal year.

Insider Buying and Selling

In other AppLovin news, Director Dawson Alyssa Harvey sold 1,500 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $87.90, for a total value of $131,850.00. Following the sale, the director now directly owns 10,247 shares in the company, valued at $900,711.30. This represents a 12.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Vasily Shikin sold 154,500 shares of AppLovin stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $84.14, for a total transaction of $12,999,630.00. Following the transaction, the chief technology officer now directly owns 4,530,455 shares of the company's stock, valued at $381,192,483.70. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 235,542 shares of company stock valued at $32,012,275 over the last ninety days. 14.69% of the stock is owned by company insiders.

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.