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Applovin Corp (APP) up 74.96% since start of the year

Applovin Corp (NASDAQ: APP) is 74.96% higher on its value in year-to-date trading and has touched a low of $15.25 and a high of $74.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The APP stock was last observed hovering at around $69.14 in the last trading session, with the day’s gains setting it 0.58%.

Currently trading at $69.72, the stock is 5.40% and 23.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.22 million and changing 0.84% at the moment leaves the stock 68.12% off its SMA200. APP registered 364.80% gain for a year compared to 6-month gain of 74.47%. The firm has a 50-day simple moving average (SMA 50) of $7.86 and a 200-day simple moving average (SMA200) of $22.52.

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The stock witnessed a 11.98% loss in the last 1 month and extending the period to 3 months gives it a 74.96%, and is -3.97% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.41% over the week and 4.20% over the month.

Applovin Corp (APP) has around 1745 employees, a market worth around $23.84B and $3.28B in sales. Current P/E ratio is 69.56 and Fwd P/E is 22.30. Profit margin for the company is 10.81%. Distance from 52-week low is 357.18% and -6.48% from its 52-week high. The company has generated returns on investments over the last 12 months (8.16%).

Applovin Corp quarterly earnings per share for the current quarter are estimated at $0.56 with sales reaching $970.43M over the same period.The EPS is expected to grow by 155.60% this year, but quarterly earnings will post 24.10% year-over-year. Quarterly sales are estimated to grow 35.60% in year-over-year returns.

Applovin Corp (APP) Top Institutional Holders

491 institutions hold shares in Applovin Corp (APP), with institutional investors hold 74.54% of the company’s shares. The shares outstanding are 268.77M, and float is at 161.50M with Short Float at 13.69%. Institutions hold 51.10% of the Float.

The top institutional shareholder in the company is Kohlberg Kravis Roberts & Co. L.P. with over 29.64 million shares valued at $762.76 million. The investor’s holdings represent 10.72% of the APP Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 16.69 million shares valued at $429.38 million to account for 6.03% of the shares outstanding. The other top investors are GQG Partners LLC which holds 15.08 million shares representing 5.45% and valued at over $387.98 million, while SVB Wealth LLC holds 4.99% of the shares totaling 13.8 million with a market value of $355.09 million.

Applovin Corp (APP) Insider Activity

The most recent transaction is an insider sale by Chen Herald Y,the company’sPresident & CFO. SEC filings show that Chen Herald Y sold 150,000 shares of the company’s common stock on Mar 14 ’24 at a price of $63.04 per share for a total of $9.46 million. Following the sale, the insider now owns 62418.0 shares.

Applovin Corp disclosed in a document filed with the SEC on Mar 14 ’24 that Stumpf Matthew (Chief Financial Officer (CFO)) sold a total of 2,775 shares of the company’s common stock. The trade occurred on Mar 14 ’24 and was made at $63.30 per share for $0.18 million. Following the transaction, the insider now directly holds 0.36 million shares of the APP stock.

Still, SEC filings show that on Mar 11 ’24, Vivas Eduardo (Director) disposed off 1,268 shares at an average price of $60.95 for $77281.0. The insider now directly holds 8,351,954 shares of Applovin Corp (APP).

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