AppLovin Corporation $APP Shares Purchased by Allworth Financial LP

Allworth Financial LP boosted its position in AppLovin Corporation (NASDAQ:APP) by 205.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,611 shares of the company’s stock after buying an additional 1,756 shares during the period. Allworth Financial LP’s holdings in AppLovin were worth $914,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Legal Advantage Investments Inc. acquired a new position in shares of AppLovin during the second quarter worth about $1,523,000. Aberdeen Group plc lifted its position in AppLovin by 6.5% in the second quarter. Aberdeen Group plc now owns 114,180 shares of the company’s stock valued at $39,972,000 after purchasing an additional 7,001 shares during the period. Park Avenue Securities LLC boosted its holdings in AppLovin by 30.6% in the 2nd quarter. Park Avenue Securities LLC now owns 20,890 shares of the company’s stock valued at $7,313,000 after purchasing an additional 4,890 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in AppLovin by 15.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 45,209 shares of the company’s stock valued at $15,827,000 after purchasing an additional 6,104 shares in the last quarter. Finally, Lee Johnson Capital Management LLC increased its position in AppLovin by 13.6% during the 2nd quarter. Lee Johnson Capital Management LLC now owns 12,449 shares of the company’s stock worth $4,358,000 after purchasing an additional 1,491 shares during the period. 41.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on APP. Royal Bank Of Canada raised their price target on AppLovin from $700.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Wedbush increased their price objective on AppLovin from $745.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of AppLovin in a report on Thursday. Benchmark upped their price target on shares of AppLovin from $640.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, Scotiabank increased their price target on shares of AppLovin from $575.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Twenty-one research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, AppLovin has a consensus rating of “Moderate Buy” and a consensus price target of $658.27.

AppLovin Stock Performance

Shares of APP opened at $557.70 on Friday. AppLovin Corporation has a 12-month low of $200.50 and a 12-month high of $745.61. The stock has a market cap of $188.47 billion, a P/E ratio of 67.68, a PEG ratio of 2.98 and a beta of 2.50. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38. The company has a 50-day moving average of $615.01 and a two-hundred day moving average of $461.69.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the company posted $1.29 EPS. The company’s revenue was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. As a group, research analysts predict that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Victoria Valenzuela sold 35,000 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $502.23, for a total transaction of $17,578,050.00. Following the sale, the insider owned 269,955 shares of the company’s stock, valued at $135,579,499.65. This trade represents a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arash Adam Foroughi sold 90,000 shares of AppLovin stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $421.04, for a total value of $37,893,600.00. Following the sale, the chief executive officer owned 2,620,054 shares of the company’s stock, valued at approximately $1,103,147,536.16. This represents a 3.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 484,338 shares of company stock worth $243,010,812. 13.66% of the stock is currently owned by corporate insiders.

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.