AppLovin Co. (NASDAQ:APP) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC decreased its holdings in AppLovin Co. (NASDAQ:APP) by 25.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,452 shares of the company’s stock after selling 1,500 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in AppLovin were worth $370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of AppLovin by 9,470.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 250,641 shares of the company’s stock worth $17,336,000 after buying an additional 248,022 shares during the period. Gulf International Bank UK Ltd acquired a new stake in AppLovin during the first quarter worth about $1,131,000. Acadian Asset Management LLC raised its holdings in shares of AppLovin by 2,081.4% in the 1st quarter. Acadian Asset Management LLC now owns 16,339 shares of the company’s stock worth $1,127,000 after purchasing an additional 15,590 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of AppLovin by 167.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,146 shares of the company’s stock valued at $1,118,000 after purchasing an additional 10,099 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of AppLovin during the 2nd quarter worth about $1,195,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on APP shares. Wedbush cut their price target on shares of AppLovin from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Oppenheimer reissued an “outperform” rating and issued a $105.00 target price (up previously from $97.00) on shares of AppLovin in a research note on Thursday, August 8th. BTIG Research upped their price target on shares of AppLovin from $87.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, May 9th. Benchmark raised their price objective on AppLovin from $48.00 to $66.00 and gave the company a “sell” rating in a research report on Friday, August 23rd. Finally, Stifel Nicolaus boosted their price objective on AppLovin from $85.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.86.

AppLovin Stock Down 0.3 %

Shares of NASDAQ:APP opened at $87.88 on Thursday. The firm has a market cap of $28.91 billion, a PE ratio of 52.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.86. The company has a fifty day simple moving average of $82.77 and a 200 day simple moving average of $76.46. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 4.27. AppLovin Co. has a 12-month low of $34.45 and a 12-month high of $93.70.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, August 7th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.12. AppLovin had a net margin of 20.89% and a return on equity of 84.16%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $0.22 EPS. The company’s revenue was up 44.0% on a year-over-year basis. On average, equities research analysts anticipate that AppLovin Co. will post 3.48 EPS for the current fiscal year.

Insider Buying and Selling at AppLovin

In other news, Director Dawson Alyssa Harvey sold 4,371 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $75.65, for a total value of $330,666.15. Following the completion of the sale, the director now directly owns 11,565 shares in the company, valued at approximately $874,892.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other AppLovin news, insider Victoria Valenzuela sold 11,276 shares of AppLovin stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $75.71, for a total value of $853,705.96. Following the completion of the transaction, the insider now directly owns 437,214 shares in the company, valued at $33,101,471.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dawson Alyssa Harvey sold 4,371 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $75.65, for a total value of $330,666.15. Following the transaction, the director now directly owns 11,565 shares of the company’s stock, valued at $874,892.25. The disclosure for this sale can be found here. Insiders have sold 630,081 shares of company stock worth $53,384,695 over the last quarter. 14.69% of the stock is owned by corporate insiders.

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.