V Square Quantitative Management LLC Takes $70,000 Position in AppLovin Corporation $APP

V Square Quantitative Management LLC acquired a new stake in AppLovin Corporation (NASDAQ:APP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 201 shares of the company’s stock, valued at approximately $70,000.

Several other hedge funds have also added to or reduced their stakes in APP. Revolve Wealth Partners LLC acquired a new stake in AppLovin during the 4th quarter worth approximately $294,000. Bison Wealth LLC acquired a new stake in AppLovin during the 4th quarter worth approximately $239,000. NBC Securities Inc. acquired a new stake in AppLovin during the 1st quarter worth approximately $34,000. Merit Financial Group LLC lifted its holdings in AppLovin by 657.1% during the 1st quarter. Merit Financial Group LLC now owns 7,147 shares of the company’s stock worth $1,894,000 after purchasing an additional 6,203 shares during the last quarter. Finally, Matrix Trust Co acquired a new stake in AppLovin during the 1st quarter worth approximately $194,000. 41.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on APP shares. Wedbush lifted their price target on AppLovin from $620.00 to $725.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Needham & Company LLC reissued a “hold” rating on shares of AppLovin in a report on Tuesday, August 26th. Wells Fargo & Company raised their price objective on AppLovin from $480.00 to $491.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Benchmark raised their price objective on AppLovin from $525.00 to $640.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Finally, Citigroup raised their price objective on AppLovin from $600.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, AppLovin has a consensus rating of “Moderate Buy” and an average target price of $578.86.

Insider Activity at AppLovin

In related news, Director Herald Y. Chen sold 200,000 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $432.49, for a total transaction of $86,498,000.00. Following the sale, the director owned 181,929 shares in the company, valued at $78,682,473.21. The trade was a 52.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eduardo Vivas sold 125,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $466.00, for a total value of $58,250,000.00. Following the sale, the director owned 7,283,292 shares in the company, valued at $3,394,014,072. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,156,788 shares of company stock worth $514,863,333 in the last three months. Insiders own 13.66% of the company’s stock.

AppLovin Price Performance

AppLovin stock opened at $683.64 on Friday. The company has a debt-to-equity ratio of 3.01, a quick ratio of 2.74 and a current ratio of 2.74. AppLovin Corporation has a 52 week low of $130.54 and a 52 week high of $745.61. The stock has a market capitalization of $231.24 billion, a P/E ratio of 97.11, a price-to-earnings-growth ratio of 3.86 and a beta of 2.53. The stock has a fifty day moving average of $508.20 and a 200-day moving average of $388.02.

AppLovin (NASDAQ:APP) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.21. AppLovin had a return on equity of 252.67% and a net margin of 45.72%.The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. AppLovin’s revenue was up 77.1% on a year-over-year basis. On average, sell-side analysts expect that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

About AppLovin

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.