ORG Partners LLC Sells 50 Shares of AppLovin Co. (NASDAQ:APP)

ORG Partners LLC lowered its position in shares of AppLovin Co. (NASDAQ:APP) by 33.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 100 shares of the company’s stock after selling 50 shares during the quarter. ORG Partners LLC’s holdings in AppLovin were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in AppLovin during the third quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in AppLovin during the third quarter worth approximately $27,000. DT Investment Partners LLC acquired a new stake in AppLovin during the third quarter worth approximately $27,000. Raleigh Capital Management Inc. acquired a new stake in AppLovin during the third quarter worth approximately $29,000. Finally, HM Payson & Co. grew its position in AppLovin by 50.0% during the third quarter. HM Payson & Co. now owns 300 shares of the company’s stock worth $39,000 after buying an additional 100 shares in the last quarter. Institutional investors own 41.85% of the company’s stock.

Insider Buying and Selling

In other news, Director Craig Scott Billings sold 18,000 shares of AppLovin stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $318.94, for a total value of $5,740,920.00. Following the completion of the transaction, the director now directly owns 2,987 shares of the company’s stock, valued at approximately $952,673.78. This trade represents a 85.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Katie Kihorany Jansen sold 59,876 shares of AppLovin stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $286.14, for a total value of $17,132,918.64. Following the completion of the transaction, the chief marketing officer now directly owns 1,017,388 shares of the company’s stock, valued at approximately $291,115,402.32. This trade represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 888,867 shares of company stock valued at $284,773,062 in the last three months. Insiders own 14.69% of the company’s stock.

AppLovin Stock Down 3.3 %

Shares of NASDAQ:APP opened at $318.48 on Monday. The firm has a market cap of $106.88 billion, a P/E ratio of 96.51, a P/E/G ratio of 4.17 and a beta of 2.29. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70. AppLovin Co. has a 12-month low of $39.43 and a 12-month high of $417.64. The business has a fifty day simple moving average of $318.41 and a 200 day simple moving average of $181.16.

AppLovin (NASDAQ:APP) last announced its earnings results on Wednesday, November 6th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.33. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.13 billion. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. AppLovin’s revenue for the quarter was up 38.6% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. Analysts predict that AppLovin Co. will post 4.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price target on AppLovin from $250.00 to $360.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group downgraded AppLovin from a “buy” rating to a “neutral” rating and increased their price target for the stock from $103.00 to $150.00 in a research report on Monday, October 14th. Benchmark assumed coverage on AppLovin in a report on Friday. They issued a “buy” rating and a $375.00 target price on the stock. Daiwa Capital Markets raised AppLovin from a “neutral” rating to an “outperform” rating and raised their target price for the company from $80.00 to $280.00 in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their target price on AppLovin from $200.00 to $325.00 and gave the company a “neutral” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, AppLovin currently has a consensus rating of “Moderate Buy” and a consensus target price of $337.71.

AppLovin 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.