TD Waterhouse Canada Inc. Buys 17,922 Shares of AppLovin Co. (NASDAQ:APP)

TD Waterhouse Canada Inc. increased its stake in AppLovin Co. (NASDAQ:APP) by 161.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,013 shares of the company’s stock after purchasing an additional 17,922 shares during the period. TD Waterhouse Canada Inc.’s holdings in AppLovin were worth $9,397,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of APP. Oxinas Partners Wealth Management LLC acquired a new stake in shares of AppLovin during the fourth quarter worth $1,081,000. Virtu Financial LLC acquired a new position in shares of AppLovin during the 3rd quarter worth about $3,211,000. Franchise Capital Ltd acquired a new position in shares of AppLovin during the 4th quarter worth about $2,811,000. Barclays PLC increased its stake in shares of AppLovin by 92.5% in the 3rd quarter. Barclays PLC now owns 318,992 shares of the company’s stock valued at $41,643,000 after acquiring an additional 153,248 shares during the last quarter. Finally, Tcfg Wealth Management LLC acquired a new stake in shares of AppLovin in the 4th quarter valued at approximately $369,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

AppLovin Trading Down 4.2 %

NASDAQ APP opened at $228.13 on Tuesday. AppLovin Co. has a 12 month low of $60.67 and a 12 month high of $525.15. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 3.70. The stock has a 50 day moving average of $310.23 and a 200-day moving average of $298.90. The company has a market cap of $77.55 billion, a PE ratio of 50.25, a PEG ratio of 3.02 and a beta of 2.39.

AppLovin (NASDAQ:APP) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.73 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that AppLovin Co. will post 6.87 EPS for the current fiscal year.

Insider Buying and Selling at AppLovin

In related news, Director Herald Y. Chen sold 200,000 shares of AppLovin stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $324.65, for a total transaction of $64,930,000.00. Following the completion of the sale, the director now owns 621,209 shares of the company’s stock, valued at approximately $201,675,501.85. The trade was a 24.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Arash Adam Foroughi sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $422.21, for a total transaction of $18,999,450.00. Following the sale, the chief executive officer now owns 2,914,492 shares of the company’s stock, valued at $1,230,527,667.32. This trade represents a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 306,900 shares of company stock worth $106,401,841 over the last 90 days. Company insiders own 14.69% of the company’s stock.

Analysts Set New Price Targets

APP has been the subject of a number of analyst reports. UBS Group decreased their price objective on shares of AppLovin from $630.00 to $450.00 and set a “buy” rating for the company in a report on Friday, April 11th. FBN Securities began coverage on AppLovin in a research report on Friday, March 28th. They set an “outperform” rating and a $385.00 price target on the stock. Citigroup boosted their price objective on AppLovin from $460.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group cut their price target on shares of AppLovin from $500.00 to $335.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Bank of America increased their price objective 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, AppLovin has a consensus rating of “Moderate Buy” and a consensus target price of $424.84.

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.