Ameritas Investment Partners Inc. Has $9.15 Million Holdings in AppLovin Corporation $APP

Ameritas Investment Partners Inc. lifted its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 26.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,728 shares of the company’s stock after buying an additional 2,648 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in AppLovin were worth $9,146,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. LFA Lugano Financial Advisors SA acquired a new stake in AppLovin during the 2nd quarter worth $26,000. Chilton Capital Management LLC acquired a new stake in shares of AppLovin during the third quarter worth $29,000. Activest Wealth Management increased its holdings in AppLovin by 760.0% in the third quarter. Activest Wealth Management now owns 43 shares of the company’s stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in AppLovin in the second quarter valued at about $33,000. Finally, Heartwood Wealth Advisors LLC bought a new position in AppLovin during the third quarter worth about $33,000. 41.85% of the stock is owned by institutional investors.

AppLovin Stock Up 1.6%

AppLovin stock opened at $418.68 on Friday. The company has a 50 day moving average of $566.47 and a 200-day moving average of $572.46. The company has a quick ratio of 3.25, a current ratio of 3.32 and a debt-to-equity ratio of 1.65. AppLovin Corporation has a twelve month low of $200.50 and a twelve month high of $745.61. The stock has a market capitalization of $141.49 billion, a PE ratio of 42.94, a price-to-earnings-growth ratio of 0.86 and a beta of 2.49.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.35. The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.61 billion. AppLovin had a net margin of 57.42% and a return on equity of 245.64%. The firm’s quarterly revenue was up 66.0% on a year-over-year basis. During the same period last year, the business posted $1.73 earnings per share. On average, equities research analysts anticipate that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

Insider Activity

In related news, insider Victoria Valenzuela sold 7,609 shares of AppLovin stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $657.13, for a total value of $5,000,102.17. Following the sale, the insider owned 277,110 shares of the company’s stock, valued at approximately $182,097,294.30. This trade represents a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Vasily Shikin sold 7,385 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief technology officer owned 46,004 shares in the company, valued at $24,754,752.40. The trade was a 13.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,402 shares of company stock worth $48,611,888 over the last three months. Corporate insiders own 13.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on APP. Scotiabank upped their price target on AppLovin from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. UBS Group set a $740.00 price objective on shares of AppLovin in a research note on Thursday, February 12th. Weiss Ratings raised shares of AppLovin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. The Goldman Sachs Group cut their target price on shares of AppLovin from $710.00 to $585.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Finally, Wells Fargo & Company reduced their price target on shares of AppLovin from $735.00 to $543.00 and set an “overweight” rating on the stock in a research report on Thursday, February 12th. Twenty-one investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $651.77.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Record results and margin strength are supporting sentiment — AppLovin reported a blowout quarter (record revenue, high margins, $3.24 EPS) that beats expectations and underpins bullish analyst commentary. AppLovin Stock Jumps. Why the Market’s Suddenly Excited About It.
• Positive Sentiment: Reports that AppLovin is pursuing its own social media/network product (after a failed TikTok bid) are being viewed as a potential growth/monetization lever, helping drive buying interest. AppLovin Stock Rallies After Rough Start To Year. Here’s Why.
• Positive Sentiment: Analysts and commentary pieces are turning bullish following the strong results, which supports a higher valuation narrative for a company that has evolved into a profitable ad platform. Analysts Bullish On AppLovin Corporation (APP) Outlook Following Impressive Results
• Neutral Sentiment: Macro/newsflow context: broader market conditions and upcoming economic releases are influencing trading; some market summaries highlight AppLovin among movers but focus is also on GDP and inflation data. 5 Things to Know Before the Stock Market Opens
• Neutral Sentiment: Short interest data reported in some feeds appears inconsistent/erroneous (zeros and NaN), so don’t treat those prints as a reliable signal for squeeze risk. (Data posted 2/18–2/19).
• Negative Sentiment: Regulatory risk: Bloomberg reports the SEC’s investigation into AppLovin remains active — this ongoing probe raises uncertainty and could pressure sentiment until resolved. SEC probe involving AppLovin still active, Bloomberg News reports
• Negative Sentiment: Despite its best quarter, the stock endured a sharp pullback recently — analysts and pieces flag competition (Meta, others) and sector weakness as reasons the market punished shares, highlighting execution and competitive risk. How Low Can AppLovin Stock Go? APP Declines 29% in a Month

AppLovin Company Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.