Victoria Valenzuela Sells 47,001 Shares of AppLovin Co. (NASDAQ:APP) Stock

AppLovin Co. (NASDAQ:APP) insider Victoria Valenzuela sold 47,001 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $85.06, for a total value of $3,997,905.06. Following the completion of the sale, the insider now directly owns 390,615 shares of the company’s stock, valued at approximately $33,225,711.90. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Victoria Valenzuela also recently made the following trade(s):

• On Thursday, June 13th, Victoria Valenzuela sold 11,276 shares of AppLovin stock. The stock was sold at an average price of $75.71, for a total value of $853,705.96.
• On Wednesday, May 22nd, Victoria Valenzuela sold 2,890 shares of AppLovin stock. The stock was sold at an average price of $81.37, for a total value of $235,159.30.
• On Thursday, April 4th, Victoria Valenzuela sold 50,000 shares of AppLovin stock. The shares were sold at an average price of $75.01, for a total value of $3,750,500.00.

AppLovin Price Performance

APP stock opened at $86.96 on Friday. The company’s 50-day moving average price is $80.43 and its two-hundred day moving average price is $64.23. The firm has a market cap of $28.61 billion, a P/E ratio of 51.76, a P/E/G ratio of 1.41 and a beta of 1.86. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 4.59. AppLovin Co. has a 12 month low of $25.24 and a 12 month high of $88.50.

AppLovin (NASDAQ:APP) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. AppLovin had a net margin of 16.46% and a return on equity of 51.55%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $973.70 million. During the same period last year, the firm posted ($0.01) earnings per share. The firm’s quarterly revenue was up 47.9% compared to the same quarter last year. On average, analysts anticipate that AppLovin Co. will post 2.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TheStreet raised shares of AppLovin from a “d+” rating to a “c-” rating in a research report on Friday, March 8th. Daiwa Capital Markets assumed coverage on shares of AppLovin in a research report on Monday, April 15th. They set a “neutral” rating and a $80.00 price objective for the company. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a report on Thursday, May 9th. Jefferies Financial Group increased their target price on AppLovin from $93.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Finally, Morgan Stanley boosted their price target on AppLovin from $55.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.72.

Institutional Trading of AppLovin

Several institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd grew its position in AppLovin by 85.8% in the first quarter. Covestor Ltd now owns 511 shares of the company’s stock valued at $35,000 after acquiring an additional 236 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in shares of AppLovin during the 1st quarter valued at approximately $38,000. ORG Partners LLC increased its position in AppLovin by 212.0% during the 1st quarter. ORG Partners LLC now owns 624 shares of the company’s stock worth $43,000 after purchasing an additional 424 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in AppLovin in the 4th quarter valued at approximately $32,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in AppLovin in the first quarter valued at approximately $56,000. 41.85% of the stock is currently owned by institutional investors.

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.