<div id="readability-page-1"><p>Ethic Inc. cut its position in  AppLovin Co. (NASDAQ:APP - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The fund owned 9,657 shares of the company's stock after selling 1,966 shares during the quarter. Ethic Inc.'s holdings in AppLovin were worth $3,127,000 at the end of the most recent quarter.</p><ul><li>AppLovin: Can Record Profits Overcome Market Skepticism?</li></ul><p>A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Frontier Capital Management Co. LLC acquired a new position in shares of  AppLovin during the 4th quarter valued at $117,608,000.  Circle Wealth Management LLC boosted its stake in  AppLovin by 102.6% during the fourth quarter. Circle Wealth Management LLC now owns 4,592 shares of the company's stock valued at $1,487,000 after buying an additional 2,326 shares in the last quarter.  Deutsche Bank AG boosted its stake in  AppLovin by 64.4% during the fourth quarter. Deutsche Bank AG now owns 455,496 shares of the company's stock valued at $147,503,000 after buying an additional 178,450 shares in the last quarter.  Driehaus Capital Management LLC acquired a new position in  AppLovin during the fourth quarter worth about $502,000.  Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in  AppLovin in the fourth quarter worth about $17,803,000. 41.85% of the stock is owned by institutional investors and hedge funds. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of equities analysts recently issued reports on the company. Benchmark  restated a &#34;buy&#34; rating and issued a $525.00 target price on shares of AppLovin in a report on Thursday. Bank of America lifted their price target on AppLovin from $375.00 to $580.00 and gave the stock a &#34;buy&#34; rating in a research note on Thursday, February 13th. Citigroup boosted their price objective on AppLovin from $460.00 to $600.00 and gave the stock a &#34;buy&#34; rating in a report on Wednesday, February 19th. The Goldman Sachs Group raised their target price on shares of AppLovin from $335.00 to $435.00 and gave the stock a &#34;neutral&#34; rating in a report on Friday. Finally, UBS Group lifted their target price on shares of AppLovin from $450.00 to $475.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday. One research analyst  has rated the stock with a sell rating, three have issued  a hold rating, seventeen have issued  a buy rating and one  has assigned  a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of &#34;Moderate Buy&#34; and an average price target of $433.85.</p><ul><li>MarketBeat Week in Review – 03/17 - 03/21</li></ul><p><b>Get Our Latest Stock Report on APP</b></p><h2>AppLovin Stock Down 3.2 %</h2><p>Shares of NASDAQ:APP opened at $328.79 on Friday. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.41 and a current ratio of 2.41. AppLovin Co. has a 52-week low of $60.67 and a 52-week high of $525.15. The company has a market capitalization of $111.77 billion, a PE ratio of 72.42, a price-to-earnings-growth ratio of 3.02 and a beta of 2.39. The company has a fifty day moving average of $275.55 and a 200-day moving average of $311.59. </p><ul><li>AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?</li></ul><p>AppLovin (NASDAQ:APP - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.22. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.38 billion. AppLovin had a net margin of 33.54% and a return on equity of 188.55%. The company's revenue for the quarter was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS.  On average, equities analysts predict that  AppLovin Co. will post 6.87 EPS for the current fiscal year. </p><h2>Insider Buying and Selling at AppLovin</h2><p>In other AppLovin news, CEO Arash Adam Foroughi sold 45,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through the SEC website. Also, CTO Vasily Shikin sold 17,500 shares of the company's stock in a transaction 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 transaction, the chief technology officer now directly owns 88,389 shares in the company, valued at $21,359,201.85. This represents a 16.53 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 306,900 shares of company stock valued at $106,401,841. Corporate insiders own  14.69% of the company's stock. </p><h2>AppLovin Profile</h2> (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>Featured Stories</h2><ul><li>Five stocks we like better than AppLovin</li><li>About the Markup Calculator</li><li>GlobalFoundries Stock Hits Bottom: Is a Rebound Coming?</li><li>Russell 2000 Index, How Investors Use it For Profitable Trading</li><li>Here's The Reason Goldman Sachs Is Bullish On MercadoLibre Stock</li><li>What Does a Gap Up Mean in Stocks? How to Play the Gap</li><li>Analyst-Favorite Bitcoin Miner CleanSpark: Worth the Hype?</li></ul><p><strong>Want to see what other hedge funds are holding APP?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AppLovin Co. (NASDAQ:APP - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVBQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVBQ"/></p><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>Ethic Inc. reduced its stake in AppLovin Co. (NASDAQ:APP) by 16.9% in Q4, now holding 9,657 shares after selling 1,966. Other institutional investors also adjusted their positions, with Frontier Capital Management acquiring a new stake worth $117.6 million. Analysts have mixed ratings on AppLovin, with a consensus rating of "Moderate Buy" and an average price target of $433.85. AppLovin's shares opened at $328.79, down 3.2%, with a market cap of $111.77 billion and a recent earnings report showing a 40.3% revenue increase year-over-year.</p>

AppLovin Co. (NASDAQ:APP) Shares Sold by Ethic Inc.