D Orazio & Associates Inc. Acquires New Position in AppLovin Co. (NASDAQ:APP)

D Orazio & Associates Inc. bought a new position in AppLovin Co. (NASDAQ:APP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,610 shares of the company’s stock, valued at approximately $210,000.

A number of other institutional investors also recently modified their holdings of APP. WCM Investment Management LLC increased its holdings in AppLovin by 10.5% in the third quarter. WCM Investment Management LLC now owns 10,820,409 shares of the company’s stock worth $1,382,307,000 after buying an additional 1,029,009 shares during the last quarter. Lone Pine Capital LLC increased its stake in shares of AppLovin by 7.2% during the 2nd quarter. Lone Pine Capital LLC now owns 5,702,438 shares of the company’s stock worth $474,557,000 after purchasing an additional 382,767 shares during the last quarter. Jericho Capital Asset Management L.P. raised its holdings in shares of AppLovin by 185.0% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 3,890,567 shares of the company’s stock valued at $269,305,000 after purchasing an additional 2,525,240 shares in the last quarter. Fred Alger Management LLC acquired a new stake in shares of AppLovin in the 2nd quarter valued at $290,655,000. Finally, Whale Rock Capital Management LLC bought a new stake in AppLovin in the first quarter worth $195,129,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

Insider Buying and Selling at AppLovin

In other news, CTO Vasily Shikin sold 154,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $84.14, for a total value of $12,999,630.00. Following the sale, the chief technology officer now owns 4,530,455 shares of the company’s stock, valued at approximately $381,192,483.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other AppLovin news, insider Victoria Valenzuela sold 14,166 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $89.98, for a total value of $1,274,656.68. Following the transaction, the insider now owns 352,616 shares of the company’s stock, valued at approximately $31,728,387.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Vasily Shikin sold 154,500 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $84.14, for a total value of $12,999,630.00. Following the completion of the sale, the chief technology officer now owns 4,530,455 shares of the company’s stock, valued at approximately $381,192,483.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 404,866 shares of company stock valued at $34,670,777. 14.69% of the stock is currently owned by company insiders.

AppLovin Price Performance

APP traded down $1.45 during midday trading on Wednesday, reaching $287.58. 1,363,855 shares of the company’s stock were exchanged, compared to its average volume of 4,283,736. 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 business has a 50-day simple moving average of $147.16 and a two-hundred day simple moving average of $104.56. The firm has a market capitalization of $96.12 billion, a price-to-earnings ratio of 87.59, a price-to-earnings-growth ratio of 3.52 and a beta of 1.86. AppLovin Co. has a one year low of $35.79 and a one year high of $292.86.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, November 6th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.92 by $0.33. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the company earned $0.30 EPS. AppLovin’s revenue was up 38.6% on a year-over-year basis. As a group, research analysts predict that AppLovin Co. will post 4.06 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. BTIG Research boosted their price target on AppLovin from $202.00 to $291.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Stifel Nicolaus boosted their target price on AppLovin from $185.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group lifted their price target on shares of AppLovin from $105.00 to $108.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Citigroup upped their price objective on shares of AppLovin from $155.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Loop Capital lifted their target price on shares of AppLovin from $181.00 to $385.00 and gave the stock a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $194.31.

About AppLovin

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.