Machina Capital S.A.S. Invests $227,000 in AppLovin Co. (NASDAQ:APP)

Machina Capital S.A.S. bought a new position in shares of AppLovin Co. (NASDAQ:APP) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 700 shares of the company’s stock, valued at approximately $227,000.

Several other hedge funds also recently made changes to their positions in the business. GHP Investment Advisors Inc. acquired a new stake in shares of AppLovin during the 4th quarter worth approximately $25,000. Riverview Trust Co boosted its position in shares of AppLovin by 1,640.0% during the 4th quarter. Riverview Trust Co now owns 87 shares of the company’s stock worth $28,000 after acquiring an additional 82 shares in the last quarter. Hemington Wealth Management boosted its position in shares of AppLovin by 78.4% during the 4th quarter. Hemington Wealth Management now owns 91 shares of the company’s stock worth $29,000 after acquiring an additional 40 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of AppLovin by 172.2% during the 4th quarter. Fifth Third Bancorp now owns 98 shares of the company’s stock worth $32,000 after acquiring an additional 62 shares in the last quarter. Finally, Smithfield Trust Co acquired a new stake in shares of AppLovin during the 4th quarter worth approximately $32,000. 41.85% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Herald Y. Chen sold 99,000 shares of AppLovin stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $329.50, for a total transaction of $32,620,500.00. Following the completion of the transaction, the director now owns 621,209 shares of the company’s stock, valued at $204,688,365.50. This trade represents a 13.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Victoria Valenzuela sold 15,971 shares of AppLovin stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $313.07, for a total transaction of $5,000,040.97. Following the completion of the sale, the insider now directly owns 372,205 shares of the company’s stock, valued at approximately $116,526,219.35. This trade represents a 4.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 406,047 shares of company stock valued at $140,390,817 over the last quarter. Insiders own 14.69% of the company’s stock.

AppLovin Price Performance

Shares of NASDAQ:APP opened at $270.48 on Monday. The firm has a market cap of $90.77 billion, a PE ratio of 59.58, a price-to-earnings-growth ratio of 3.02 and a beta of 2.33. The firm’s fifty day moving average is $363.84 and its 200-day moving average is $262.97. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.41 and a current ratio of 2.41. AppLovin Co. has a 52 week low of $59.30 and a 52 week high of $525.15.

AppLovin (NASDAQ:APP) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.61. AppLovin had a net margin of 33.54% and a return on equity of 188.55%. Sell-side analysts predict that AppLovin Co. will post 6.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Bank of America increased their price target on shares of AppLovin from $375.00 to $580.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Benchmark increased their price target on shares of AppLovin from $375.00 to $525.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Stifel Nicolaus increased their price target on shares of AppLovin from $250.00 to $435.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Arete Research upgraded shares of AppLovin to a “strong sell” rating in a research report on Wednesday, March 5th. Finally, Needham & Company LLC restated a “hold” rating on shares of AppLovin in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $452.29.

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.