The State of New Jersey Common Pension Fund D increased the percentage of AppLovin Co. (NYSE: APP) shares it owned during the third quarter by 18.7%, as indicated by the most recent filing that was made with the SEC. The fund ultimately wound up with a total of 90,336 shares of the company’s stock after making additional purchases of 14,237 of those shares throughout the period in question. AppLovin was worth 1,761,000 dollars at the end of the most recent fiscal quarter, owned by the Common Pension Fund D of the State of New Jersey.
Various institutional investors, including hedge funds and other types of investors, have been active buyers and sellers of the stocks the company has issued. The company achieved a 197.4% increase in the percentage of AppLovin shares that US Bancorp DE held at the end of the third quarter. US Bancorp DE now has a total ownership stake in the company equal to 4,660 shares, for a total of $91,000, after purchasing an additional 3,093 shares during the preceding quarter. This brings the total amount paid for US Bancorp DE’s ownership stake to $91,000. During the third quarter, CWM LLC saw a value increase in their AppLovin stake that was equivalent to 4,356.6%. CWM LLC now has a total of 5,749 shares of the company’s stock, which is currently valued at $112,000 following the acquisition of an additional 5,620 shares during the most recent quarter. Allspring Global Investments Holdings LLC spent $105,000 during the third quarter on acquiring an additional interest in AppLovin. During the third quarter, Wipfli Financial Advisors LLC invested $31,000 in AppLovin. AppLovin received this investment. And finally, but certainly not least, during the third quarter of the fiscal year, Augustine Asset Management Inc. invested in AppLovin in the amount of 210,000 dollars. The company’s shares are held in institutional ownership for 38.19% of the company.
On Monday, December 5, 373,667 shares of the company’s stock were sold by Arash Adam Foroughi, who serves as the Chief Executive Officer of the company. The shares were sold at an average price of $13.19 per share, which resulted in a total sale volume of stock worth $4,928,667.73. As a result of the successful transaction completion, the chief executive officer now owns a total of 1,375,444 shares of the company. The current market price for these shares is approximately $18,142,106.36. Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website. This file can be found on the website. On Monday, December 5, the company’s Chief Executive Officer, Arash Adam Foroughi, sold a total of 373,667 shares of the company’s stock. This was reported in another piece of news. The shares were sold at an average price of $13.19 per share, which resulted in a total sale volume of stock worth $4,928,667.73. As a result of the successful transaction completion, the chief executive officer now owns a total of 1,375,444 shares of the company. The current market price for these shares is approximately $18,142,106.36. One can access the legal file containing the disclosure of the transaction by going to the Securities and Exchange Commission (SEC) website. A total of 341,577 shares of the company’s stock were sold on Monday, November 28, by Eduardo Vivas, a director. The stock was sold for a total of $4,621,536.81, with the average price per share coming in at $13.53 and the profit coming in at that amount. The director is now the proud owner of 141,673 shares of company stock, which have a combined value of $1,916,835.69 as a direct result of the transaction. Disclosures that are related to the sale might be found in this section of the website. Insiders of the company sold 3,179,525 shares during the most recent financial period, resulting in a total sale volume of $40,038,628. Company insiders currently hold a stake in the company equal to 12.78% of its total shares.
On Friday, the price of a share of APP stock was set at the start of trading at $10.94. The stock has traded at an average price of $11.54 per day over the past 50 trading days, while its price has been $20.79 per day on average over the last 200 trading days. AppLovin Co. hit an all-time low of $9.14 during the preceding year, while the company reached an all-time high of $76.38 during the same period. The current, quick, and debt-to-equity ratios all come in at 3.36, while the debt-to-equity ratio sits at 1.69. All three ratios measure liquidity. The stock’s price-to-earnings ratio is -47.56, the price-to-earnings growth ratio is 1.89, and the stock has a beta value of 1.76. The company has a market capitalization of $4.07 billion currently.
On November 9, the most recent quarterly earnings report for AppLovin (NYSE: APP) was made available to the general public. The quarterly earnings report, which was made public on November 9, stated that the company made $0.06 in profit per share. The earnings per share that the company reported for the quarter came in at $0.06, which was $0.05 less than the consensus estimate of $0.09 per share. The revenue for the quarter came in at $713.10 million, which was lower than the analysts’ projections of $732.79 million for the amount of money that would be generated. AppLovin had a return on equity that was profitable by 5.09%, but the company’s net margin was unprofitable by 2.82% of the company’s revenue. Analysts in market research anticipated that AppLovin Company would report a $0.25 per share loss in 2018.
APP has been the topic of discussion in a few of the analyst publications that have been recently released. In a research report made public on Thursday, Goldman Sachs Group lowered the “buy” rating and price target of $33.00 that it had previously assigned.