AppLovin Co. (NASDAQ:APP) Stock Holdings Reduced by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC decreased its holdings in shares of AppLovin Co. (NASDAQ:APP) by 31.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 50,309 shares of the company’s stock after selling 23,529 shares during the period. AppLovin accounts for about 3.1% of Jacobson & Schmitt Advisors LLC’s portfolio, making the stock its 9th largest position. Jacobson & Schmitt Advisors LLC’s holdings in AppLovin were worth $16,292,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. JFS Wealth Advisors LLC increased its position in AppLovin by 38.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $34,000 after purchasing an additional 29 shares during the period. National Bank of Canada FI boosted its holdings in shares of AppLovin by 4.0% in the 3rd quarter. National Bank of Canada FI now owns 1,003 shares of the company’s stock valued at $131,000 after buying an additional 39 shares in the last quarter. Hemington Wealth Management boosted its holdings in shares of AppLovin by 78.4% in the 4th quarter. Hemington Wealth Management now owns 91 shares of the company’s stock valued at $29,000 after buying an additional 40 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of AppLovin by 19.7% in the 4th quarter. Versant Capital Management Inc now owns 322 shares of the company’s stock valued at $104,000 after buying an additional 53 shares in the last quarter. Finally, Great Valley Advisor Group Inc. boosted its holdings in shares of AppLovin by 2.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 2,837 shares of the company’s stock valued at $370,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on APP. Daiwa America upgraded shares of AppLovin from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Oppenheimer restated an “outperform” rating and issued a $560.00 price target (up from $480.00) on shares of AppLovin in a report on Thursday, February 13th. BTIG Research raised their price target on shares of AppLovin from $202.00 to $291.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of AppLovin from $360.00 to $366.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Benchmark lifted their target price on shares of AppLovin from $375.00 to $525.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Four 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $430.41.

AppLovin Stock Performance

APP opened at $494.17 on Thursday. 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 firm has a market capitalization of $165.84 billion, a PE ratio of 108.85, a P/E/G ratio of 3.84 and a beta of 2.30. The firm has a 50 day moving average of $361.30 and a two-hundred day moving average of $239.37. AppLovin Co. has a 12-month low of $54.50 and a 12-month high of $525.15.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, February 12th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.61. AppLovin had a net margin of 33.54% and a return on equity of 188.55%. On average, analysts anticipate that AppLovin Co. will post 6.64 EPS for the current year.

Insider Activity

In related news, Director Dawson Alyssa Harvey sold 500 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $406.27, for a total value of $203,135.00. Following the completion of the sale, the director now owns 6,684 shares of the company’s stock, valued at approximately $2,715,508.68. The trade was a 6.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Herald Y. Chen sold 400 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $366.16, for a total transaction of $146,464.00. Following the completion of the sale, the chief financial officer now directly owns 207,649 shares of the company’s stock, valued at approximately $76,032,757.84. The trade was a 0.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 217,403 shares of company stock valued at $72,325,024 in the last three months. 14.69% of the stock is currently owned by corporate insiders.

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.