Polianta Ltd Makes New $1.20 Million Investment in AppLovin Co. (NASDAQ:APP)

Polianta Ltd purchased 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 purchased 3,700 shares of the company's stock, valued at approximately $1,198,000.

Several other institutional investors have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its position in shares of AppLovin by 3.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 186,395 shares of the company's stock valued at $15,512,000 after acquiring an additional 5,483 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of AppLovin by 27.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,494,516 shares of the company's stock worth $124,372,000 after purchasing an additional 322,563 shares during the period. Edgestream Partners L.P. increased its holdings in AppLovin by 79.8% in the second quarter. Edgestream Partners L.P. now owns 13,289 shares of the company's stock valued at $1,106,000 after purchasing an additional 5,898 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in AppLovin by 13.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 11,352 shares of the company's stock valued at $933,000 after buying an additional 1,355 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in AppLovin during the second quarter worth about $224,000. Institutional investors own 41.85% of the company's stock.

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 stock was sold at an average price of $354.15, for a total transaction of $6,348,138.75. Following the completion of the sale, the insider now owns 405,676 shares of the company's stock, valued at $143,670,155.40. This trade represents a 4.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Herald Y. Chen sold 400 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $366.16, for a total transaction of $146,464.00. Following the completion of the transaction, the chief financial officer now owns 207,649 shares in the company, valued at approximately $76,032,757.84. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 888,867 shares of company stock worth $284,773,062 in the last ninety days. Insiders own 14.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on APP shares. Wedbush reaffirmed an "outperform" rating and issued a $270.00 price target (up from $170.00) on shares of AppLovin in a research note on Thursday, November 7th. BTIG Research upped their target price on shares of AppLovin from $202.00 to $291.00 and gave the company a "buy" rating in a research note on Thursday, November 7th. Bank of America lifted their price target on shares of AppLovin from $252.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Stifel Nicolaus upped their price objective on shares of AppLovin from $250.00 to $435.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, Oppenheimer reiterated an "outperform" rating and set a $480.00 target price on shares of AppLovin in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AppLovin has a consensus rating of "Moderate Buy" and a consensus target price of $338.06.

AppLovin Stock Up 3.1 %

APP traded up $10.33 during trading hours on Friday, hitting $342.34. 4,173,415 shares of the company's stock were exchanged, compared to its average volume of 3,899,418. The stock has a market cap of $114.89 billion, a price-to-earnings ratio of 103.74, a PEG ratio of 2.68 and a beta of 2.29. AppLovin Co. has a 1-year low of $40.71 and a 1-year high of $417.64. The stock's 50-day moving average is $330.75 and its two-hundred day moving average is $189.06. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70.

AppLovin (NASDAQ:APP - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.33. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The business's revenue was up 38.6% compared to the same quarter last year. Sell-side analysts predict that AppLovin Co. will post 4.06 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.