Three Seasons Wealth LLC Purchases New Holdings in AppLovin Corporation $APP

Three Seasons Wealth LLC acquired a new position in AppLovin Corporation (NASDAQ:APP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 761 shares of the company’s stock, valued at approximately $547,000.

Other large investors have also modified their holdings of the company. Warren Street Wealth Advisors LLC bought a new position in shares of AppLovin during the third quarter valued at approximately $282,000. Archford Capital Strategies LLC purchased a new position in AppLovin during the 3rd quarter valued at $243,000. Everpar Advisors LLC bought a new position in AppLovin in the 3rd quarter valued at $203,000. FSM Wealth Advisors LLC bought a new position in AppLovin in the 3rd quarter valued at $248,000. Finally, TB Alternative Assets Ltd. purchased a new stake in AppLovin in the third quarter worth $4,239,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Insider Buying and Selling

In other news, CTO Vasily Shikin sold 27,143 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $545.38, for a total value of $14,803,249.34. Following the sale, the chief technology officer directly owned 3,323,681 shares in the company, valued at approximately $1,812,669,143.78. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Victoria Valenzuela sold 7,609 shares of AppLovin stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $657.13, for a total transaction of $5,000,102.17. Following the completion of the transaction, the insider directly owned 277,110 shares in the company, valued at approximately $182,097,294.30. The trade was a 2.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 340,336 shares of company stock worth $200,062,623 in the last three months. 13.66% of the stock is owned by company insiders.

AppLovin Stock Performance

Shares of APP stock opened at $714.23 on Monday. The firm has a market cap of $241.38 billion, a price-to-earnings ratio of 86.68, a PEG ratio of 3.83 and a beta of 2.51. AppLovin Corporation has a 52-week low of $200.50 and a 52-week high of $745.61. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38. The company’s 50 day moving average is $629.93 and its 200 day moving average is $524.28.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. AppLovin’s revenue was up 68.2% on a year-over-year basis. On average, sell-side analysts anticipate that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley boosted their target price on shares of AppLovin from $480.00 to $750.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Piper Sandler lifted their price objective on shares of AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. JPMorgan Chase & Co. upped their target price on shares of AppLovin from $425.00 to $650.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Oppenheimer set a $740.00 target price on shares of AppLovin in a research report on Tuesday, October 7th. Finally, Scotiabank boosted their price target on AppLovin from $575.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Nineteen research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $695.90.

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.