<div id="readability-page-1"><p>AppLovin Co. (NASDAQ:APP - Get Free Report) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 10,990,000 shares,  a decrease of 15.7% from the March 15th total of 13,040,000 shares. Currently, 5.2% of the shares of the stock are sold short. Based on an average trading volume of 8,540,000 shares, the short-interest ratio is currently 1.3 days.</p><h2>AppLovin Price Performance</h2><ul><li>AppLovin: Can Record Profits Overcome Market Skepticism?</li></ul><p>Shares of APP opened at $238.22 on Monday. The business has a 50-day simple moving average of $313.27 and a two-hundred day simple moving average of $298.29. AppLovin has a 12-month low of $60.67 and a 12-month high of $525.15. The stock has a market cap of $80.98 billion, a PE ratio of 52.47, a PEG ratio of 3.02 and a beta of 2.39. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70. </p><p>AppLovin (NASDAQ:APP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.12 by $0.61. AppLovin had a net margin of 33.54% and a return on equity of 188.55%.  Analysts anticipate that  AppLovin will post 6.87 earnings per share for the current fiscal year. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>MarketBeat Week in Review – 03/17 - 03/21</li></ul><p>Several research firms recently commented on APP. The Goldman Sachs Group cut their price objective on shares of AppLovin from $500.00 to $335.00 and set a &#34;neutral&#34; rating on the stock in a research report on Monday, April 14th. Morgan Stanley upgraded shares of AppLovin from an &#34;equal weight&#34; rating to an &#34;overweight&#34; rating and cut their price target for the company from $470.00 to $350.00 in a research note on Thursday, April 10th. Bank of America boosted their target price on AppLovin from $375.00 to $580.00 and gave the stock a &#34;buy&#34; rating in a report on Thursday, February 13th. JPMorgan Chase &amp; Co. raised their price objective on shares of AppLovin from $325.00 to $475.00 and gave the stock a &#34;neutral&#34; rating in a research report on Thursday, February 13th. Finally, Wells Fargo &amp; Company decreased their price target on shares of AppLovin from $538.00 to $386.00 and set an &#34;overweight&#34; rating on the stock in a research note on Tuesday, April 8th. One analyst  has rated the stock with a sell rating, three have issued  a hold rating, sixteen have given a buy rating and one  has issued  a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $424.84.</p><p><b>Check Out Our Latest Report on AppLovin</b></p><h2>Insider Buying and Selling</h2><ul><li>AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?</li></ul><p>In related news, CTO Vasily Shikin sold 17,500 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $241.65, for a total value of $4,228,875.00. Following the completion of the transaction, the chief technology officer now owns 88,389 shares in the company, valued at $21,359,201.85. The trade was a 16.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Arash Adam Foroughi sold 45,000 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $422.21, for a total value of $18,999,450.00. Following the completion of the transaction, the chief executive officer now owns 2,914,492 shares in the company, valued at $1,230,527,667.32. The trade was a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 306,900 shares of company stock worth $106,401,841 in the last three months. Insiders own  14.69% of the company's stock. </p><h2>Institutional Trading of AppLovin</h2><p>Several institutional investors have recently modified their holdings of APP. Oxinas Partners Wealth Management LLC bought a new stake in shares of  AppLovin in the 4th quarter valued at about $1,081,000.  Virtu Financial LLC acquired a new position in shares of  AppLovin in the third quarter worth approximately $3,211,000.  Franchise Capital Ltd bought a new stake in  AppLovin in the fourth quarter valued at approximately $2,811,000.  Barclays PLC raised its holdings in  AppLovin by 92.5% during the 3rd quarter. Barclays PLC now owns 318,992 shares of the company's stock worth $41,643,000 after purchasing an additional 153,248 shares during the last quarter.  Finally, Tcfg Wealth Management LLC acquired a new position in shares of  AppLovin in the 4th quarter worth approximately $369,000. Institutional investors own  41.85% of the company's stock. </p><h2>About AppLovin</h2> (Get Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than AppLovin</li><li>Growth Investing: Should You Adopt This Investing Strategy in 2022?</li><li>Gold is Making All-Time Highs, But So is This Quiet Metal</li><li>How to Profit From Growth Investing </li><li>D-Wave Quantum Slides on Chip News: Opportunity to Buy?</li><li>Procter &amp; Gamble <span>NYSE: PG<span></span></span> Pulls Back After Shaky Guidance</li><li>3 Momentum Stocks That Could Soar Post-Market Volatility</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in AppLovin Right Now?</h2><p>Before you consider AppLovin, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AppLovin wasn't on the list.</p><p>While AppLovin currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>AppLovin Co. (NASDAQ:APP) experienced a 15.7% decrease in short interest in March, with 10,990,000 shares sold short as of March 31. This represents 5.2% of the company's shares. The days-to-cover ratio is 1.3 days based on an average daily trading volume of 8,540,000 shares. The stock opened at $238.22, with a market cap of $80.98 billion and a PE ratio of 52.47. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average target price of $424.84.</p>

AppLovin Co. (NASDAQ:APP) Short Interest Down 15.7% in March