Bank Julius Baer & Co. Ltd Zurich Cuts Stock Position in AppLovin Corporation $APP

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 13.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,506 shares of the company’s stock after selling 4,544 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in AppLovin were worth $10,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its stake in shares of AppLovin by 36.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock worth $1,745,752,000 after purchasing an additional 1,769,400 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of AppLovin by 7.3% in the first quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company’s stock valued at $4,724,594,000 after buying an additional 1,213,536 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of AppLovin by 29.0% during the 1st quarter. Baillie Gifford & Co. now owns 5,270,355 shares of the company’s stock valued at $1,396,486,000 after buying an additional 1,185,859 shares during the period. Invesco Ltd. lifted its position in AppLovin by 32.9% during the 1st quarter. Invesco Ltd. now owns 4,011,306 shares of the company’s stock worth $1,062,876,000 after acquiring an additional 992,316 shares in the last quarter. Finally, Nuveen LLC acquired a new position in AppLovin during the 1st quarter worth approximately $198,050,000. 41.85% of the stock is owned by hedge funds and other institutional investors.

AppLovin Trading Down 0.1%

NASDAQ APP opened at $520.26 on Friday. The company has a market capitalization of $175.82 billion, a price-to-earnings ratio of 63.14, a price-to-earnings-growth ratio of 2.79 and a beta of 2.50. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. AppLovin Corporation has a 12 month low of $200.50 and a 12 month high of $745.61. The company’s fifty day moving average price is $611.23 and its two-hundred day moving average price is $469.95.

AppLovin (NASDAQ:APP) last issued its 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 net margin of 51.27% and a return on equity of 258.49%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business posted $1.29 EPS. The company’s revenue for the quarter 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 earnings per share for the current fiscal year.

Insider Transactions at AppLovin

In other AppLovin news, Director Craig Scott Billings sold 2,350 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $592.92, for a total transaction of $1,393,362.00. Following the transaction, the director owned 3,707 shares of the company’s stock, valued at $2,197,954.44. This trade represents a 38.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dawson Alyssa Harvey sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $589.18, for a total value of $117,836.00. Following the completion of the sale, the director owned 2,979 shares of the company’s stock, valued at $1,755,167.22. This trade represents a 6.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 202,900 shares of company stock worth $123,646,538. 13.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Scotiabank increased their price objective on shares of AppLovin from $575.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Wedbush upped their target price on shares of AppLovin from $745.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. UBS Group raised their price target on shares of AppLovin from $810.00 to $840.00 and gave the company a “buy” rating in a report on Thursday, November 6th. The Goldman Sachs Group boosted their price objective on shares of AppLovin from $630.00 to $720.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Finally, Bank of America upped their price objective on shares of AppLovin from $580.00 to $860.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Twenty-one research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $658.27.

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.