AppLovin (NASDAQ:APP) Stock Price Down 2.3% – Should You Sell?

Shares of AppLovin Corporation (NASDAQ:APP) fell 2.3% on Friday . The company traded as low as $426.50 and last traded at $434.77. 4,850,485 shares changed hands during trading, a decline of 29% from the average session volume of 6,817,321 shares. The stock had previously closed at $444.93.

Analyst Ratings Changes

Several analysts have commented on APP shares. Weiss Ratings raised shares of AppLovin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 20th. Morgan Stanley set a $720.00 target price on shares of AppLovin in a research report on Thursday, February 12th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price target on shares of AppLovin in a research note on Thursday, February 12th. UBS Group set a $740.00 price target on AppLovin in a research note on Thursday, February 12th. Finally, Zacks Research lowered shares of AppLovin from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Twenty-one equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $651.77.

AppLovin Trading Down 2.3%

The company has a debt-to-equity ratio of 1.65, a quick ratio of 3.32 and a current ratio of 3.32. The company has a market cap of $146.93 billion, a price-to-earnings ratio of 44.59, a P/E/G ratio of 0.87 and a beta of 2.49. The company’s fifty day moving average is $545.19 and its two-hundred day moving average is $570.96.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, February 11th. The company reported $3.24 EPS for the quarter, beating the consensus estimate of $2.89 by $0.35. AppLovin had a net margin of 57.42% and a return on equity of 245.64%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm earned $1.73 EPS. The business’s revenue for the quarter was up 66.0% on a year-over-year basis. On average, research analysts anticipate that AppLovin Corporation will post 6.87 EPS for the current year.

Insider Transactions at AppLovin

In other news, insider Victoria Valenzuela sold 7,609 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $657.13, for a total value of $5,000,102.17. Following the completion of the transaction, the insider owned 277,110 shares of the company’s stock, valued at $182,097,294.30. The trade was a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dawson Alyssa Harvey sold 150 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $693.32, for a total value of $103,998.00. Following the completion of the sale, the director owned 2,829 shares in the company, valued at $1,961,402.28. The trade was a 5.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On AppLovin

Institutional investors have recently made changes to their positions in the company. MidFirst Bank purchased a new stake in AppLovin during the fourth quarter worth $456,000. DGS Capital Management LLC raised its position in shares of AppLovin by 17.8% in the fourth quarter. DGS Capital Management LLC now owns 1,291 shares of the company’s stock worth $870,000 after acquiring an additional 195 shares during the period. Anderson Financial Strategies LLC boosted its stake in shares of AppLovin by 9.5% during the 4th quarter. Anderson Financial Strategies LLC now owns 2,739 shares of the company’s stock worth $1,846,000 after acquiring an additional 237 shares in the last quarter. Ketron Financial acquired a new stake in shares of AppLovin during the 4th quarter valued at about $222,000. Finally, Astoria Portfolio Advisors LLC. grew its position in shares of AppLovin by 205.5% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 1,558 shares of the company’s stock valued at $1,050,000 after acquiring an additional 1,048 shares during the period. 41.85% of the stock is owned by hedge funds and other institutional investors.

AppLovin Company Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.