Vasily Shikin Sells 17,500 Shares of AppLovin Co. (NASDAQ:APP) Stock

AppLovin Co. (NASDAQ:APP) CTO Vasily Shikin sold 17,500 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $241.65, for a total value of $4,228,875.00. Following the transaction, the chief technology officer now owns 88,389 shares of the company’s stock, valued at $21,359,201.85. The trade was a 16.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

AppLovin Stock Performance

Shares of APP opened at $272.59 on Thursday. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.41 and a quick ratio of 2.41. AppLovin Co. has a one year low of $60.67 and a one year high of $525.15. The firm has a market capitalization of $92.67 billion, a P/E ratio of 60.04, a PEG ratio of 3.02 and a beta of 2.33. The business has a fifty day moving average of $359.55 and a 200 day moving average of $265.25.

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

Institutional Trading of AppLovin

Several hedge funds have recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new position in AppLovin during the 3rd quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new position in AppLovin during the 4th quarter worth $25,000. Fuller & Thaler Asset Management Inc. purchased a new position in AppLovin during the 4th quarter worth $25,000. Meeder Asset Management Inc. purchased a new position in AppLovin during the 3rd quarter worth $27,000. Finally, Riverview Trust Co increased its holdings in shares of AppLovin by 1,640.0% in the 4th quarter. Riverview Trust Co now owns 87 shares of the company’s stock valued at $28,000 after acquiring an additional 82 shares during the period. Institutional investors own 41.85% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on APP shares. Loop Capital increased their price objective on AppLovin from $450.00 to $650.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Arete Research set a $200.00 price target on AppLovin in a report on Wednesday, March 5th. Benchmark raised 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. Piper Sandler raised their price target on AppLovin from $400.00 to $575.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, UBS Group lifted their price objective on AppLovin from $440.00 to $630.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, AppLovin has a consensus rating of “Moderate Buy” and a consensus price target of $438.28.

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.