AppLovin Corporation $APP Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of AppLovin Corporation (NASDAQ:APP) by 0.5% in the fourth quarter, Holdings Channel reports. The fund owned 294,591 shares of the company’s stock after purchasing an additional 1,479 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in AppLovin were worth $199,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new stake in AppLovin during the 4th quarter worth approximately $27,000. Chilton Capital Management LLC acquired a new stake in AppLovin during the 3rd quarter worth approximately $29,000. Activest Wealth Management lifted its position in AppLovin by 760.0% during the 3rd 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. CBIZ Investment Advisory Services LLC raised its stake in shares of AppLovin by 58.6% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 46 shares of the company’s stock worth $33,000 after buying an additional 17 shares in the last quarter. Finally, Bogart Wealth LLC raised its stake in shares of AppLovin by 100.0% during the 3rd quarter. Bogart Wealth LLC now owns 48 shares of the company’s stock worth $34,000 after buying an additional 24 shares in the last quarter. 41.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity at AppLovin

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on APP shares. Evercore reissued a “buy” rating on shares of AppLovin in a research note on Friday, January 30th. The Goldman Sachs Group cut their target price on AppLovin from $710.00 to $585.00 and set a “neutral” rating for the company in a research note on Thursday, February 12th. Argus started coverage on AppLovin in a research note on Tuesday, April 14th. They set a “buy” rating and a $520.00 target price for the company. Benchmark reissued a “buy” rating on shares of AppLovin in a research note on Friday, March 6th. Finally, Zacks Research downgraded AppLovin from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $661.95.

AppLovin Stock Performance

NASDAQ APP opened at $473.18 on Wednesday. AppLovin Corporation has a 1-year low of $227.05 and a 1-year high of $745.61. The company has a market capitalization of $159.59 billion, a P/E ratio of 48.53, a PEG ratio of 0.85 and a beta of 2.50. The business has a 50 day moving average price of $430.05 and a 200 day moving average price of $542.65. 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 (NASDAQ:APP) last released its quarterly earnings data on Wednesday, February 11th. The company reported $3.24 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.35. AppLovin had a return on equity of 245.64% and a net margin of 57.42%.The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business posted $1.73 EPS. AppLovin’s quarterly revenue was up 66.0% on a year-over-year basis. Sell-side analysts expect that AppLovin Corporation will post 15.72 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.