Polianta Ltd Buys New Holdings in AppLovin Co. (NASDAQ:APP)

Polianta Ltd purchased a new position in shares of AppLovin Co. (NASDAQ:APP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,700 shares of the company’s stock, valued at approximately $1,198,000.

A number of other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in shares of AppLovin in the 3rd quarter valued at $25,000. DT Investment Partners LLC acquired a new stake in AppLovin in the 3rd quarter valued at $27,000. Meeder Asset Management Inc. purchased a new position in AppLovin in the third quarter valued at about $27,000. Raleigh Capital Management Inc. acquired a new position in shares of AppLovin during the third quarter worth about $29,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of AppLovin in the second quarter worth about $34,000. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AppLovin

In related news, CFO Herald Y. Chen sold 400 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $366.16, for a total value of $146,464.00. Following the sale, the chief financial officer now owns 207,649 shares of the company’s stock, valued at $76,032,757.84. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Vasily Shikin sold 593,588 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $319.37, for a total transaction of $189,574,199.56. Following the transaction, the chief technology officer now directly owns 3,919,024 shares of the company’s stock, valued at $1,251,618,694.88. The trade was a 13.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 888,867 shares of company stock valued at $284,773,062 in the last quarter. Insiders own 14.69% of the company’s stock.

AppLovin Price Performance

Shares of NASDAQ APP opened at $342.34 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 3.70. The company has a market capitalization of $114.89 billion, a price-to-earnings ratio of 103.74, a price-to-earnings-growth ratio of 2.68 and a beta of 2.29. AppLovin Co. has a twelve month low of $40.71 and a twelve month high of $417.64. The business has a 50 day simple moving average of $330.75 and a 200-day simple moving average of $189.06.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.25 EPS for the quarter, topping 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 firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The firm’s revenue was up 38.6% on a year-over-year basis. As a group, equities research analysts expect that AppLovin Co. will post 4.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on APP shares. Wells Fargo & Company raised their target price on AppLovin from $360.00 to $366.00 and gave the company an “overweight” rating in a report on Monday, January 13th. The Goldman Sachs Group lowered shares of AppLovin from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $103.00 to $150.00 in a research note on Monday, October 14th. Oppenheimer reissued an “outperform” rating and set a $480.00 target price on shares of AppLovin in a research report on Tuesday, December 10th. Citigroup raised their price target on shares of AppLovin from $335.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Macquarie boosted their price objective on shares of AppLovin from $270.00 to $450.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, AppLovin currently has a consensus rating of “Moderate Buy” and a consensus target price of $338.06.

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.