Eduardo Vivas Sells 30,330 Shares of AppLovin Co. (NASDAQ:APP) Stock

AppLovin Co. (NASDAQ:APP) Director Eduardo Vivas sold 30,330 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $330.67, for a total transaction of $10,029,221.10. Following the sale, the director now directly owns 90,576 shares of the company’s stock, valued at $29,950,765.92. The trade was a 25.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

AppLovin Price Performance

Shares of NASDAQ APP opened at $336.75 on Monday. AppLovin Co. has a fifty-two week low of $35.79 and a fifty-two week high of $344.77. The firm’s 50-day simple moving average is $201.91 and its 200 day simple moving average is $126.00. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70. The stock has a market cap of $113.01 billion, a P/E ratio of 102.05, a P/E/G ratio of 4.15 and a beta of 1.86.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.33. AppLovin had a net margin of 26.85% and a return on equity of 122.24%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the business earned $0.30 earnings per share. The company’s revenue was up 38.6% on a year-over-year basis. Equities analysts expect that AppLovin Co. will post 4.06 EPS for the current year.

Institutional Investors Weigh In On AppLovin

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in AppLovin in the third quarter worth about $25,000. Meeder Asset Management Inc. bought a new stake in AppLovin in the third quarter worth about $27,000. DT Investment Partners LLC bought a new stake in AppLovin in the third quarter worth about $27,000. Raleigh Capital Management Inc. bought a new stake in AppLovin in the third quarter worth about $29,000. Finally, HM Payson & Co. raised its position in AppLovin by 50.0% in the third quarter. HM Payson & Co. now owns 300 shares of the company’s stock worth $39,000 after acquiring an additional 100 shares in the last quarter. 41.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

APP has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of AppLovin in a report on Thursday, November 7th. Benchmark reaffirmed a “sell” rating and issued a $66.00 price objective on shares of AppLovin in a report on Thursday, November 7th. UBS Group raised shares of AppLovin from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $145.00 in a report on Tuesday, September 17th. Piper Sandler initiated coverage on shares of AppLovin in a report on Wednesday, November 20th. They issued an “overweight” rating and a $400.00 price objective for the company. Finally, Daiwa America raised shares of 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, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, AppLovin presently has an average rating of “Moderate Buy” and a consensus price target of $265.57.

AppLovin Company 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.