STF Management LP Sells 2,504 Shares of AppLovin Corporation $APP

STF Management LP decreased its holdings in AppLovin Corporation (NASDAQ:APP) by 58.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,781 shares of the company’s stock after selling 2,504 shares during the period. AppLovin comprises about 1.1% of STF Management LP’s investment portfolio, making the stock its 18th biggest holding. STF Management LP’s holdings in AppLovin were worth $1,200,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in APP. Board of the Pension Protection Fund bought a new stake in shares of AppLovin in the fourth quarter worth approximately $27,000. Washington Trust Advisors Inc. grew its stake in shares of AppLovin by 160.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock worth $27,000 after acquiring an additional 24 shares during the period. Chilton Capital Management LLC bought a new stake in shares of AppLovin in the third quarter worth approximately $29,000. Activest Wealth Management grew its stake in shares of AppLovin by 760.0% in the third quarter. Activest Wealth Management now owns 43 shares of the company’s stock worth $31,000 after acquiring an additional 38 shares during the period. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of AppLovin in the fourth quarter worth approximately $32,000. 41.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

APP has been the subject of a number of research analyst reports. Benchmark reiterated a “buy” rating on shares of AppLovin in a research note on Friday, March 6th. Evercore reaffirmed a “buy” rating on shares of AppLovin in a report on Friday, January 30th. Citigroup cut their price objective on AppLovin from $820.00 to $710.00 and set a “buy” rating for the company in a report on Thursday, February 12th. The Goldman Sachs Group cut their price objective on AppLovin from $710.00 to $585.00 and set a “neutral” rating for the company in a report on Thursday, February 12th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $664.35.

Insider Buying and Selling at AppLovin

In other AppLovin news, Director Eduardo Vivas sold 163,910 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $453.49, for a total transaction of $74,331,545.90. Following the completion of the sale, the director owned 6,969,382 shares of the company’s stock, valued at approximately $3,160,545,043.18. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Vasily Shikin sold 5,231 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $477.47, for a total transaction of $2,497,645.57. Following the completion of the transaction, the chief technology officer owned 30,658 shares of the company’s stock, valued at approximately $14,638,275.26. The trade was a 14.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 365,244 shares of company stock valued at $169,584,607. Company insiders own 13.66% of the company’s stock.

AppLovin Stock Performance

Shares of NASDAQ APP opened at $501.00 on Friday. The firm has a 50 day moving average of $447.26 and a 200 day moving average of $529.13. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $168.31 billion, a price-to-earnings ratio of 43.04, a price-to-earnings-growth ratio of 0.81 and a beta of 2.37. AppLovin Corporation has a 12-month low of $320.00 and a 12-month high of $745.61.

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

AppLovin Company 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.