B. Metzler seel. Sohn & Co. Holding AG Takes Position in AppLovin Co. (NASDAQ:APP)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in AppLovin Co. (NASDAQ:APP) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,468 shares of the company’s stock, valued at approximately $714,000.

Several other hedge funds also recently added to or reduced their stakes in APP. Covestor Ltd raised its position in AppLovin by 85.8% in the 1st quarter. Covestor Ltd now owns 511 shares of the company’s stock valued at $35,000 after purchasing an additional 236 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of AppLovin in the first quarter valued at about $180,000. Bessemer Group Inc. boosted its stake in shares of AppLovin by 131,600.0% during the first quarter. Bessemer Group Inc. now owns 6,585 shares of the company’s stock worth $456,000 after buying an additional 6,580 shares during the period. Shell Asset Management Co. grew its holdings in shares of AppLovin by 68.8% during the first quarter. Shell Asset Management Co. now owns 6,301 shares of the company’s stock worth $436,000 after buying an additional 2,569 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new stake in AppLovin during the 1st quarter valued at approximately $1,193,000. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on APP shares. Benchmark restated a “sell” rating and set a $66.00 price target on shares of AppLovin in a research note on Thursday, November 7th. Daiwa Capital Markets upgraded shares of AppLovin from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $80.00 to $280.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on AppLovin from $160.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Needham & Company LLC reissued a “hold” rating on shares of AppLovin in a research note on Thursday, November 7th. Finally, Macquarie lifted their price target on AppLovin from $150.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AppLovin currently has an average rating of “Moderate Buy” and an average target price of $222.96.

AppLovin Stock Up 4.7 %

APP stock opened at $333.31 on Friday. 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 12 month low of $35.79 and a 12 month high of $342.51. The firm has a market capitalization of $111.86 billion, a PE ratio of 101.00, a P/E/G ratio of 3.92 and a beta of 1.86. The company’s 50 day simple moving average is $181.30 and its 200-day simple moving average is $117.41.

AppLovin (NASDAQ:APP) last announced its earnings results on Wednesday, November 6th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.33. AppLovin had a net margin of 26.85% and a return on equity of 122.24%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $0.30 EPS. The firm’s revenue for the quarter was up 38.6% on a year-over-year basis. Equities analysts expect that AppLovin Co. will post 4.05 earnings per share for the current fiscal year.

Insider Activity at AppLovin

In other AppLovin news, Director Craig Scott Billings sold 18,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $318.94, for a total transaction of $5,740,920.00. Following the transaction, the director now owns 2,987 shares of the company’s stock, valued at $952,673.78. This trade represents a 85.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Stumpf sold 21,101 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $332.67, for a total value of $7,019,669.67. Following the sale, the chief financial officer now owns 213,336 shares of the company’s stock, valued at approximately $70,970,487.12. The trade was a 9.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 854,065 shares of company stock valued at $233,072,408. Company insiders own 14.69% of the company’s stock.

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.