Vasily Shikin Sells 7,385 Shares of AppLovin (NASDAQ:APP) Stock

AppLovin Corporation (NASDAQ:APP) CTO Vasily Shikin sold 7,385 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $538.10, for a total value of $3,973,868.50. Following the transaction, the chief technology officer directly owned 46,004 shares of the company’s stock, valued at approximately $24,754,752.40. This trade represents a 13.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Vasily Shikin also recently made the following trade(s):

• On Monday, November 24th, Vasily Shikin sold 14,708 shares of AppLovin stock. The shares were sold at an average price of $548.45, for a total value of $8,066,602.60.
• On Monday, November 24th, Vasily Shikin sold 14,867 shares of AppLovin stock. The shares were sold at an average price of $546.93, for a total value of $8,131,208.31.
• On Monday, November 24th, Vasily Shikin sold 15,540 shares of AppLovin stock. The stock was sold at an average price of $549.09, for a total value of $8,532,858.60.
• On Monday, November 24th, Vasily Shikin sold 27,143 shares of AppLovin stock. The shares were sold at an average price of $545.38, for a total value of $14,803,249.34.

AppLovin Price Performance

NASDAQ APP opened at $601.00 on Monday. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38. The company has a market cap of $203.11 billion, a PE ratio of 72.94, a price-to-earnings-growth ratio of 3.22 and a beta of 2.51. AppLovin Corporation has a 52 week low of $200.50 and a 52 week high of $745.61. The firm’s 50-day simple moving average is $607.52 and its two-hundred day simple moving average is $480.22.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Jefferies Financial Group raised their price target on AppLovin from $560.00 to $615.00 and gave the stock a “buy” rating in a report on Friday, September 5th. Wedbush raised their target price on AppLovin from $745.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Wells Fargo & Company lifted their target price on AppLovin from $633.00 to $721.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Royal Bank Of Canada increased their price target on shares of AppLovin from $700.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Finally, Zacks Research lowered shares of AppLovin from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. 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 stock. According to data from MarketBeat.com, AppLovin currently has a consensus rating of “Moderate Buy” and a consensus target price of $658.27.

Institutional Investors Weigh In On AppLovin

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Revolve Wealth Partners LLC purchased a new position in AppLovin in the 4th quarter worth approximately $294,000. Bison Wealth LLC bought a new stake in shares of AppLovin during the 4th quarter worth $239,000. Banque Cantonale Vaudoise purchased a new position in AppLovin in the first quarter worth $362,000. XTX Topco Ltd purchased a new position in AppLovin in the first quarter worth $716,000. Finally, Vestcor Inc increased its stake in AppLovin by 0.8% in the first quarter. Vestcor Inc now owns 4,108 shares of the company’s stock valued at $1,088,000 after acquiring an additional 33 shares during the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.

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.