Csenge Advisory Group Has $479,000 Stake in AppLovin Co. (NASDAQ:APP)

Csenge Advisory Group lowered its holdings in shares of AppLovin Co. (NASDAQ:APP) by 24.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,479 shares of the company’s stock after selling 489 shares during the quarter. Csenge Advisory Group’s holdings in AppLovin were worth $479,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in AppLovin during the 3rd quarter worth approximately $25,000. GHP Investment Advisors Inc. bought a new stake in shares of AppLovin during the fourth quarter worth $25,000. DT Investment Partners LLC acquired a new stake in shares of AppLovin during the third quarter worth $27,000. Meeder Asset Management Inc. bought a new stake in AppLovin in the 3rd quarter valued at $27,000. Finally, Raleigh Capital Management Inc. acquired a new position in AppLovin in the 3rd quarter worth $29,000. Institutional investors own 41.85% of the company’s stock.

AppLovin Stock Performance

Shares of NASDAQ APP opened at $496.07 on Wednesday. AppLovin Co. has a 12 month low of $54.50 and a 12 month high of $525.15. The stock has a 50 day moving average of $358.18 and a 200-day moving average of $237.58. 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 $166.48 billion, a P/E ratio of 150.33, a P/E/G ratio of 3.10 and a beta of 2.30.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.12 by $0.61. AppLovin had a net margin of 26.85% and a return on equity of 122.24%. As a group, equities research analysts predict that AppLovin Co. will post 4.09 EPS for the current year.

Insider Buying and Selling at AppLovin

In other AppLovin news, insider Victoria Valenzuela sold 15,971 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $313.07, for a total transaction of $5,000,040.97. Following the transaction, the insider now owns 372,205 shares in the company, valued at $116,526,219.35. This trade represents a 4.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Arash Adam Foroughi sold 1,676 shares of AppLovin stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $356.39, for a total value of $597,309.64. Following the sale, the chief executive officer now directly owns 3,058,635 shares of the company’s stock, valued at $1,090,066,927.65. This represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 828,991 shares of company stock valued at $267,640,144 in the last three months. 14.69% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on APP shares. Benchmark boosted their price target on AppLovin from $375.00 to $525.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Bank of America boosted their target price on AppLovin from $375.00 to $580.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Daiwa America raised shares of AppLovin from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Daiwa Capital Markets raised shares of AppLovin from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $80.00 to $280.00 in a research report on Friday, November 8th. Finally, Piper Sandler raised their target price on shares of AppLovin from $400.00 to $575.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AppLovin currently has a consensus rating of “Moderate Buy” and a consensus target price of $422.18.

AppLovin 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.