Banco Bilbao Vizcaya Argentaria S.A. Buys 2,007 Shares of AppLovin Corporation $APP

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of AppLovin Corporation (NASDAQ:APP) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 50,203 shares of the company’s stock after purchasing an additional 2,007 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in AppLovin were worth $17,572,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in APP. Hilltop National Bank acquired a new position in AppLovin in the 2nd quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of AppLovin during the 2nd quarter worth approximately $26,000. Hoey Investments Inc. bought a new stake in shares of AppLovin during the second quarter valued at approximately $35,000. Trust Co. of Vermont acquired a new position in shares of AppLovin in the second quarter valued at $35,000. Finally, ORG Partners LLC lifted its position in AppLovin by 146.5% in the second quarter. ORG Partners LLC now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 63 shares during the period. Institutional investors own 41.85% of the company’s stock.

Wall Street Analyst Weigh In

APP has been the topic of several analyst reports. Benchmark boosted their price target on shares of AppLovin from $640.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Phillip Securities raised AppLovin to a “moderate buy” rating in a research note on Monday, September 29th. The Goldman Sachs Group increased their price objective on AppLovin from $630.00 to $720.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Wells Fargo & Company lifted their price objective on AppLovin from $633.00 to $721.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Bank of America upped their target price on shares of AppLovin from $580.00 to $860.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Twenty-one analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, AppLovin has an average rating of “Moderate Buy” and an average target price of $658.27.

Insider Activity at AppLovin

In related news, CTO Vasily Shikin sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $437.57, for a total value of $13,127,100.00. Following the completion of the transaction, the chief technology officer owned 3,360,104 shares in the company, valued at $1,470,280,707.28. The trade was a 0.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eduardo Vivas sold 150,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $650.91, for a total value of $97,636,500.00. Following the transaction, the director directly owned 7,133,292 shares in the company, valued at approximately $4,643,131,095.72. This represents a 2.06% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 484,338 shares of company stock valued at $243,010,812. Insiders own 13.66% of the company’s stock.

AppLovin Price Performance

AppLovin stock opened at $557.70 on Friday. The business’s fifty day moving average is $615.01 and its two-hundred day moving average is $461.69. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25. The firm has a market cap of $188.47 billion, a P/E ratio of 67.68, a P/E/G ratio of 2.98 and a beta of 2.50. AppLovin Corporation has a 52 week low of $200.50 and a 52 week high of $745.61.

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

AppLovin Company 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.