Natixis Advisors LLC Grows Stake in AppLovin Co. (NASDAQ:APP)

Natixis Advisors LLC boosted its holdings in shares of AppLovin Co. (NASDAQ:APP) by 20.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,856 shares of the company’s stock after acquiring an additional 38,718 shares during the period. Natixis Advisors LLC owned 0.07% of AppLovin worth $29,224,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in AppLovin during the 3rd quarter valued at about $25,000. DT Investment Partners LLC purchased a new stake in AppLovin during the 3rd quarter valued at about $27,000. Raleigh Capital Management Inc. acquired a new position in AppLovin in the 3rd quarter valued at about $29,000. Quest Partners LLC acquired a new position in AppLovin in the 2nd quarter valued at about $33,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in AppLovin in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

AppLovin Price Performance

AppLovin stock opened at $291.09 on Monday. The firm has a market cap of $97.69 billion, a PE ratio of 88.21, a price-to-earnings-growth ratio of 3.58 and a beta of 1.86. AppLovin Co. has a 52-week low of $35.79 and a 52-week high of $302.55. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70. The company’s 50 day moving average is $159.14 and its two-hundred day moving average is $109.11.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, November 6th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.33. AppLovin had a net margin of 26.85% and a return on equity of 122.24%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the business earned $0.30 EPS. The firm’s quarterly revenue was up 38.6% on a year-over-year basis. On average, research analysts expect that AppLovin Co. will post 4.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on APP shares. Benchmark reiterated a “sell” rating and issued a $66.00 target price on shares of AppLovin in a report on Thursday, November 7th. Bank of America boosted their target price on shares of AppLovin from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, September 11th. Daiwa Capital Markets upgraded shares of AppLovin from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $80.00 to $280.00 in a report on Friday, November 8th. Stifel Nicolaus boosted their target price on shares of AppLovin from $185.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, UBS Group upgraded shares of AppLovin from a “neutral” rating to a “buy” rating and boosted their target price for the company from $100.00 to $145.00 in a report on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $194.31.

Insider Buying and Selling at AppLovin

In other AppLovin news, Director Dawson Alyssa Harvey sold 1,500 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $87.90, for a total value of $131,850.00. Following the sale, the director now directly owns 10,247 shares of the company’s stock, valued at approximately $900,711.30. This represents a 12.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Katie Kihorany Jansen sold 59,876 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $286.14, for a total transaction of $17,132,918.64. Following the completion of the sale, the chief marketing officer now directly owns 1,017,388 shares in the company, valued at approximately $291,115,402.32. This represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 235,542 shares of company stock valued at $32,012,275. Insiders own 14.69% of the company’s stock.

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.