Yousif Capital Management LLC Acquires 119 Shares of AppLovin Corporation (NASDAQ:APP)

Yousif Capital Management LLC boosted its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,544 shares of the company’s stock after purchasing an additional 119 shares during the quarter. Yousif Capital Management LLC’s holdings in AppLovin were worth $939,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new stake in AppLovin during the 4th quarter valued at approximately $25,000. Riverview Trust Co raised its stake in AppLovin by 1,640.0% during the 4th quarter. Riverview Trust Co now owns 87 shares of the company’s stock valued at $28,000 after purchasing an additional 82 shares during the period. Tucker Asset Management LLC bought a new stake in AppLovin during the 4th quarter valued at approximately $28,000. Smithfield Trust Co bought a new stake in AppLovin during the 4th quarter valued at approximately $32,000. Finally, JFS Wealth Advisors LLC raised its stake in AppLovin by 38.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $34,000 after purchasing an additional 29 shares during the period. Institutional investors own 41.85% of the company’s stock.

Insider Activity at AppLovin

In related news, Director Barbara Messing sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $382.46, for a total transaction of $573,690.00. Following the completion of the transaction, the director now owns 9,510 shares in the company, valued at $3,637,194.60. The trade was a 13.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victoria Valenzuela sold 6,585 shares of the business’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $370.23, for a total value of $2,437,964.55. Following the transaction, the insider now owns 357,903 shares of the company’s stock, valued at approximately $132,506,427.69. The trade was a 1.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,212,968 shares of company stock worth $455,062,980 in the last quarter. 13.66% of the stock is owned by company insiders.

AppLovin Stock Performance

NASDAQ APP opened at $344.37 on Thursday. The company has a market cap of $116.53 billion, a P/E ratio of 62.16, a P/E/G ratio of 2.09 and a beta of 2.53. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.68 and a current ratio of 1.68. The business’s 50 day moving average price is $330.10 and its 200-day moving average price is $334.71. AppLovin Corporation has a fifty-two week low of $60.67 and a fifty-two week high of $525.15.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, May 7th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.22. AppLovin had a return on equity of 224.65% and a net margin of 37.38%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $0.67 EPS. The company’s revenue for the quarter was up 40.3% compared to the same quarter last year. Sell-side analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on APP shares. FBN Securities started coverage on AppLovin in a research note on Friday, March 28th. They issued an “outperform” rating and a $385.00 price objective on the stock. UBS Group lifted their price objective on AppLovin from $450.00 to $475.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Benchmark reaffirmed a “buy” rating and issued a $525.00 price objective on shares of AppLovin in a research note on Thursday, May 8th. Loop Capital reaffirmed a “buy” rating and issued a $650.00 price objective on shares of AppLovin in a research note on Friday, March 28th. Finally, Morgan Stanley lifted their price objective on AppLovin from $420.00 to $460.00 and gave the stock an “overweight” rating in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $438.10.

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.