O Neil Global Advisors Inc. Acquires 10,059 Shares of AppLovin Co. (NASDAQ:APP)

O Neil Global Advisors Inc. increased its position in AppLovin Co. (NASDAQ:APP) by 157.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,428 shares of the company’s stock after acquiring an additional 10,059 shares during the quarter. AppLovin comprises about 1.6% of O Neil Global Advisors Inc.’s investment portfolio, making the stock its 8th biggest position. O Neil Global Advisors Inc.’s holdings in AppLovin were worth $5,320,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in APP. GHP Investment Advisors Inc. bought a new stake in shares of AppLovin in the 4th quarter worth approximately $25,000. Hemington Wealth Management boosted its holdings in AppLovin by 78.4% in the fourth quarter. Hemington Wealth Management now owns 91 shares of the company’s stock valued at $29,000 after acquiring an additional 40 shares during the last quarter. Fifth Third Bancorp grew its holdings in AppLovin by 172.2% during the 4th quarter. Fifth Third Bancorp now owns 98 shares of the company’s stock worth $32,000 after acquiring an additional 62 shares during the period. JFS Wealth Advisors LLC raised its position in shares of AppLovin by 38.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 105 shares of the company’s stock valued at $34,000 after acquiring an additional 29 shares during the period. Finally, Bogart Wealth LLC acquired a new position in shares of AppLovin in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of AppLovin from $325.00 to $475.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. Needham & Company LLC reiterated a “hold” rating on shares of AppLovin in a report on Thursday, February 13th. BTIG Research upped their price objective on AppLovin from $202.00 to $291.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Benchmark upped their price objective on AppLovin from $375.00 to $525.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Daiwa America raised AppLovin from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $442.18.

AppLovin Trading Down 8.9 %

Shares of APP stock opened at $450.01 on Friday. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 3.70. AppLovin Co. has a 12-month low of $54.50 and a 12-month high of $525.15. The stock has a market capitalization of $151.02 billion, a P/E ratio of 99.12, a P/E/G ratio of 3.61 and a beta of 2.30. The firm’s 50 day moving average is $363.77 and its 200 day moving average is $240.83.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.61. AppLovin had a return on equity of 188.55% and a net margin of 33.54%. Research analysts expect that AppLovin Co. will post 6.87 earnings per share for the current year.

Insider Activity

In other AppLovin news, insider Victoria Valenzuela sold 17,925 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $354.15, for a total transaction of $6,348,138.75. Following the completion of the sale, the insider now directly owns 405,676 shares in the company, valued at approximately $143,670,155.40. The trade was a 4.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eduardo Vivas sold 30,330 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $330.67, for a total value of $10,029,221.10. Following the completion of the sale, the director now owns 90,576 shares of the company’s stock, valued at $29,950,765.92. This trade represents a 25.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,302 shares of company stock worth $65,305,354. 14.69% of the stock is currently owned by company insiders.

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.