Natixis Advisors LLC Increases Stock Position in AppLovin Co. (NASDAQ:APP)

Natixis Advisors LLC boosted its holdings in shares of AppLovin Co. (NASDAQ:APP) by 161.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 185,138 shares of the company’s stock after acquiring an additional 114,198 shares during the quarter. Natixis Advisors LLC’s holdings in AppLovin were worth $15,407,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of APP. American Trust lifted its position in shares of AppLovin by 2.8% during the first quarter. American Trust now owns 5,550 shares of the company’s stock valued at $384,000 after buying an additional 150 shares during the last quarter. Highland Capital Management LLC boosted its stake in AppLovin by 0.5% in the first quarter. Highland Capital Management LLC now owns 28,120 shares of the company’s stock valued at $1,946,000 after acquiring an additional 153 shares in the last quarter. GAMMA Investing LLC grew its holdings in AppLovin by 13.6% in the first quarter. GAMMA Investing LLC now owns 1,285 shares of the company’s stock worth $89,000 after purchasing an additional 154 shares during the last quarter. Signaturefd LLC increased its position in shares of AppLovin by 9.5% during the second quarter. Signaturefd LLC now owns 2,489 shares of the company’s stock worth $207,000 after purchasing an additional 215 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of AppLovin by 85.8% during the 1st quarter. Covestor Ltd now owns 511 shares of the company’s stock valued at $35,000 after purchasing an additional 236 shares during the last quarter. Institutional investors own 41.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on APP shares. Stifel Nicolaus upped their target price on AppLovin from $85.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. BTIG Research increased their price objective on shares of AppLovin from $87.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a research note on Thursday, May 9th. Wedbush decreased their price target on shares of AppLovin from $100.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Oppenheimer reissued an “outperform” rating and set a $105.00 price objective (up from $97.00) on shares of AppLovin in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AppLovin has an average rating of “Moderate Buy” and an average price target of $82.86.

Insider Buying and Selling

In other AppLovin news, Director Dawson Alyssa Harvey sold 4,371 shares of AppLovin stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $75.65, for a total value of $330,666.15. Following the completion of the transaction, the director now owns 11,565 shares of the company’s stock, valued at $874,892.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other AppLovin news, insider Victoria Valenzuela sold 14,166 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $89.98, for a total transaction of $1,274,656.68. Following the completion of the transaction, the insider now directly owns 352,616 shares in the company, valued at $31,728,387.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dawson Alyssa Harvey sold 4,371 shares of AppLovin stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $75.65, for a total transaction of $330,666.15. Following the completion of the sale, the director now owns 11,565 shares in the company, valued at approximately $874,892.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 630,081 shares of company stock valued at $53,384,695. Corporate insiders own 14.69% of the company’s stock.

AppLovin Stock Down 0.3 %

Shares of APP opened at $87.88 on Thursday. The company has a market capitalization of $28.91 billion, a price-to-earnings ratio of 52.31, a PEG ratio of 1.33 and a beta of 1.86. AppLovin Co. has a 52 week low of $34.45 and a 52 week high of $93.70. The stock’s 50-day moving average price is $82.77 and its 200-day moving average price is $76.46. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 4.27.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.77 by $0.12. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. AppLovin had a return on equity of 84.16% and a net margin of 20.89%. The business’s quarterly revenue was up 44.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 EPS. On average, sell-side analysts predict that AppLovin Co. will post 3.48 EPS for the current 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.