AppLovin Corporation $APP Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in AppLovin Corporation (NASDAQ:APP) by 43.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,469 shares of the company’s stock after buying an additional 33,311 shares during the period. SG Americas Securities LLC’s holdings in AppLovin were worth $43,967,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in APP. Washington Trust Advisors Inc. increased its position in shares of AppLovin by 160.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock worth $27,000 after purchasing an additional 24 shares during the last quarter. Board of the Pension Protection Fund acquired a new stake in shares of AppLovin in the 4th quarter valued at about $27,000. Mcguire Capital Advisors Inc. bought a new position in shares of AppLovin during the fourth quarter worth about $27,000. Laurel Wealth Advisors LLC bought a new position in shares of AppLovin during the fourth quarter worth about $32,000. Finally, Graney & King LLC acquired a new position in AppLovin in the third quarter worth about $36,000. 41.85% of the stock is owned by institutional investors and hedge funds.

AppLovin Stock Performance

Shares of NASDAQ APP opened at $469.39 on Tuesday. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.49. The firm’s 50-day moving average price is $494.04 and its two-hundred day moving average price is $515.77. AppLovin Corporation has a 52-week low of $320.00 and a 52-week high of $745.61. The stock has a market capitalization of $157.69 billion, a P/E ratio of 40.33, a P/E/G ratio of 0.76 and a beta of 2.45.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, May 6th. The company reported $3.56 EPS for the quarter, beating the consensus estimate of $3.44 by $0.12. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.77 billion. AppLovin had a return on equity of 219.37% and a net margin of 64.29%.The business’s revenue was up 58.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 earnings per share. As a group, sell-side analysts forecast that AppLovin Corporation will post 15.86 earnings per share for the current year.

Insider Buying and Selling at AppLovin

In other AppLovin news, Director Eduardo Vivas sold 163,910 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $504.06, for a total value of $82,620,474.60. Following the sale, the director directly owned 6,785,087 shares of the company’s stock, valued at $3,420,090,953.22. This trade represents a 2.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew Stumpf sold 9,052 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $600.00, for a total value of $5,431,200.00. Following the completion of the sale, the chief financial officer owned 177,450 shares in the company, valued at $106,470,000. The trade was a 4.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 389,924 shares of company stock worth $195,693,875. 13.66% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Argus initiated coverage on AppLovin in a report on Tuesday, April 14th. They issued a “buy” rating and a $520.00 price objective for the company. Arete Research set a $340.00 target price on AppLovin and gave the stock a “neutral” rating in a report on Monday, March 2nd. Weiss Ratings lowered AppLovin from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. UBS Group lowered their price target on AppLovin from $740.00 to $716.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Wedbush reissued an “outperform” rating and set a $640.00 price target on shares of AppLovin in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, AppLovin currently has a consensus rating of “Moderate Buy” and a consensus price target of $669.62.

AppLovin Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.