AppLovin Co. (NASDAQ:APP) Insider Victoria Valenzuela Sells 47,001 Shares

AppLovin Co. (NASDAQ:APP) insider Victoria Valenzuela sold 47,001 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $85.06, for a total value of $3,997,905.06. Following the sale, the insider now directly owns 390,615 shares in the company, valued at approximately $33,225,711.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Victoria Valenzuela also recently made the following trade(s):

• On Thursday, June 13th, Victoria Valenzuela sold 11,276 shares of AppLovin stock. The stock was sold at an average price of $75.71, for a total transaction of $853,705.96.
• On Wednesday, May 22nd, Victoria Valenzuela sold 2,890 shares of AppLovin stock. The stock was sold at an average price of $81.37, for a total transaction of $235,159.30.
• On Thursday, April 4th, Victoria Valenzuela sold 50,000 shares of AppLovin stock. The shares were sold at an average price of $75.01, for a total transaction of $3,750,500.00.

AppLovin Trading Up 3.9 %

Shares of AppLovin stock opened at $86.96 on Thursday. AppLovin Co. has a 1 year low of $25.24 and a 1 year high of $88.50. The company has a market capitalization of $28.61 billion, a price-to-earnings ratio of 51.76, a P/E/G ratio of 1.41 and a beta of 1.86. The business has a fifty day simple moving average of $80.08 and a two-hundred day simple moving average of $64.07. The company has a debt-to-equity ratio of 4.59, a current ratio of 2.11 and a quick ratio of 2.11.

AppLovin (NASDAQ:APP) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $973.70 million. AppLovin had a net margin of 16.46% and a return on equity of 51.55%. AppLovin’s quarterly revenue was up 47.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) EPS. Research analysts forecast that AppLovin Co. will post 2.96 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APP. Covestor Ltd boosted its position in shares of AppLovin by 85.8% in the first quarter. Covestor Ltd now owns 511 shares of the company’s stock valued at $35,000 after acquiring an additional 236 shares during the period. Atlas Capital Advisors LLC acquired a new stake in AppLovin in the 1st quarter worth about $38,000. ORG Partners LLC boosted its holdings in AppLovin by 212.0% in the 1st quarter. ORG Partners LLC now owns 624 shares of the company’s stock valued at $43,000 after purchasing an additional 424 shares during the period. FinTrust Capital Advisors LLC acquired a new position in shares of AppLovin during the 4th quarter worth approximately $32,000. Finally, Benjamin F. Edwards & Company Inc. bought a new position in shares of AppLovin during the first quarter worth approximately $56,000. 41.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on APP. Jefferies Financial Group lifted their price target on AppLovin from $93.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, May 9th. Daiwa Capital Markets initiated coverage on AppLovin in a research note on Monday, April 15th. They issued a “neutral” rating and a $80.00 target price on the stock. TheStreet raised AppLovin from a “d+” rating to a “c-” rating in a research report on Friday, March 8th. Wedbush lifted their price objective on shares of AppLovin from $87.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. Finally, Citigroup increased their target price on shares of AppLovin from $80.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, AppLovin presently has an average rating of “Moderate Buy” and an average price target of $71.72.

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.