951 Shares in AppLovin Co. (NASDAQ:APP) Purchased by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC acquired a new stake in shares of AppLovin Co. (NASDAQ:APP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 951 shares of the company’s stock, valued at approximately $308,000.

A number of other institutional investors also recently bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new position in shares of AppLovin during the 4th quarter worth approximately $237,000. Angeles Wealth Management LLC purchased a new stake in AppLovin in the fourth quarter worth $204,000. Stephens Inc. AR raised its holdings in AppLovin by 9.1% in the fourth quarter. Stephens Inc. AR now owns 7,224 shares of the company’s stock worth $2,339,000 after purchasing an additional 604 shares in the last quarter. Quotient Wealth Partners LLC bought a new stake in shares of AppLovin during the 4th quarter valued at $222,000. Finally, Birch Hill Investment Advisors LLC purchased a new stake in shares of AppLovin in the 4th quarter worth about $365,000. 41.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on APP shares. BTIG Research boosted their price objective on shares of AppLovin from $202.00 to $291.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Piper Sandler initiated coverage on AppLovin in a research report on Wednesday, November 20th. They issued an “overweight” rating and a $400.00 price target on the stock. The Goldman Sachs Group lifted their target price on shares of AppLovin from $220.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Jefferies Financial Group increased their target price on AppLovin from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Benchmark initiated coverage on AppLovin in a research note on Friday, January 10th. They issued a “buy” rating and a $375.00 price target for the company. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $366.29.

AppLovin Price Performance

NASDAQ APP opened at $375.25 on Wednesday. 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 firm has a market capitalization of $125.93 billion, a P/E ratio of 113.71, a PEG ratio of 3.10 and a beta of 2.30. The company has a 50-day moving average price of $347.17 and a 200-day moving average price of $223.52. AppLovin Co. has a 52 week low of $45.12 and a 52 week high of $417.64.

Insider Buying and Selling at AppLovin

In related news, Director Dawson Alyssa Harvey sold 500 shares of AppLovin stock in a transaction on Friday, December 6th. The shares were sold at an average price of $406.27, for a total transaction of $203,135.00. Following the transaction, the director now owns 6,684 shares in the company, valued at approximately $2,715,508.68. The trade was a 6.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Vasily Shikin sold 593,588 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $319.37, for a total value of $189,574,199.56. Following the completion of the sale, the chief technology officer now 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 828,991 shares of company stock valued at $267,640,144. Insiders own 14.69% of the company’s stock.

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.