AE Wealth Management LLC Invests $1.66 Million in AppLovin Corporation $APP

AE Wealth Management LLC bought a new position in AppLovin Corporation (NASDAQ:APP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,730 shares of the company’s stock, valued at approximately $1,656,000.

Several other institutional investors have also added to or reduced their stakes in the company. Hilltop National Bank purchased a new position in shares of AppLovin in the second quarter valued at about $26,000. Hoey Investments Inc. bought a new stake in shares of AppLovin in the second quarter worth about $35,000. Trust Co. of Vermont purchased a new position in AppLovin during the 2nd quarter valued at about $35,000. ORG Partners LLC raised its position in AppLovin by 146.5% during the 2nd quarter. ORG Partners LLC now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, SouthState Corp purchased a new stake in AppLovin in the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dawson Alyssa Harvey sold 350 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $487.97, for a total value of $170,789.50. Following the sale, the director directly owned 3,150 shares of the company’s stock, valued at approximately $1,537,105.50. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Victoria Valenzuela sold 35,000 shares of AppLovin stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $502.23, for a total value of $17,578,050.00. Following the completion of the transaction, the insider directly owned 269,955 shares of the company’s stock, valued at approximately $135,579,499.65. This represents a 11.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 634,138 shares of company stock valued at $275,386,598. Company insiders own 13.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler boosted their target price on AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Needham & Company LLC reissued a “hold” rating on shares of AppLovin in a research report on Tuesday, August 26th. Royal Bank Of Canada upped their price objective on shares of AppLovin from $700.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Scotiabank raised their target price on shares of AppLovin from $575.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings upgraded shares of AppLovin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Twenty-one equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $659.64.

AppLovin Price Performance

Shares of NASDAQ APP opened at $594.91 on Wednesday. The company has a 50 day simple moving average of $610.59 and a two-hundred day simple moving average of $458.23. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. The company has a market capitalization of $201.23 billion, a price-to-earnings ratio of 72.20, a P/E/G ratio of 3.48 and a beta of 2.50. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25.

AppLovin (NASDAQ:APP) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.11. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business posted $1.29 EPS. The firm’s quarterly revenue was up 68.2% compared to the same quarter last year. AppLovin has set its Q4 2025 guidance at EPS. Analysts expect that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

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.