Mn Services Vermogensbeheer B.V. Buys 2,128 Shares of AppLovin Corporation $APP

Mn Services Vermogensbeheer B.V. boosted its stake in shares of AppLovin Corporation (NASDAQ:APP) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,828 shares of the company’s stock after purchasing an additional 2,128 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in AppLovin were worth $60,528,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Private Advisory Group LLC increased its position in AppLovin by 105.3% in the fourth quarter. Private Advisory Group LLC now owns 2,421 shares of the company’s stock worth $1,631,000 after buying an additional 1,242 shares in the last quarter. Barlow Wealth Partners LLC lifted its position in shares of AppLovin by 10.3% during the 4th quarter. Barlow Wealth Partners LLC now owns 645 shares of the company’s stock valued at $418,000 after buying an additional 60 shares in the last quarter. Clarius Group LLC grew its stake in shares of AppLovin by 221.9% during the 4th quarter. Clarius Group LLC now owns 1,339 shares of the company’s stock valued at $902,000 after acquiring an additional 923 shares during the period. Centennial Wealth Advisory LLC bought a new position in shares of AppLovin during the 4th quarter valued at approximately $202,000. Finally, ORG Partners LLC increased its holdings in AppLovin by 41.0% in the 4th quarter. ORG Partners LLC now owns 196 shares of the company’s stock worth $132,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 41.85% of the company’s stock.

Insider Activity at AppLovin

In other AppLovin news, Director Eduardo Vivas sold 163,910 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $453.49, for a total transaction of $74,331,545.90. Following the completion of the transaction, the director owned 6,969,382 shares of the company’s stock, valued at $3,160,545,043.18. This represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arash Adam Foroughi sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $466.04, for a total value of $23,302,000.00. Following the transaction, the chief executive officer owned 2,480,414 shares of the company’s stock, valued at approximately $1,155,972,140.56. The trade was a 1.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 365,244 shares of company stock valued at $169,584,607. Corporate insiders own 13.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on APP shares. Benchmark restated a “buy” rating on shares of AppLovin in a research note on Friday, March 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $700.00 price target on shares of AppLovin in a research report on Thursday, February 12th. Evercore reissued a “buy” rating on shares of AppLovin in a research note on Friday, January 30th. The Goldman Sachs Group decreased their price objective on shares of AppLovin from $710.00 to $585.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Finally, Needham & Company LLC restated a “buy” rating and set a $700.00 target price on shares of AppLovin in a research note on Wednesday, March 11th. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, AppLovin presently has a consensus rating of “Moderate Buy” and an average price target of $668.20.

AppLovin Trading Down 2.4%

APP stock opened at $372.08 on Tuesday. The company has a debt-to-equity ratio of 1.65, a current ratio of 3.32 and a quick ratio of 3.32. AppLovin Corporation has a 1-year low of $200.50 and a 1-year high of $745.61. The business has a 50 day simple moving average of $451.84 and a two-hundred day simple moving average of $568.27. The company has a market capitalization of $125.50 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 0.66 and a beta of 2.51.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, February 11th. The company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.35. AppLovin had a net margin of 57.42% and a return on equity of 245.64%. The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the business posted $1.73 earnings per share. The company’s revenue for the quarter was up 66.0% compared to the same quarter last year. Research analysts anticipate that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

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.