Jupiter Asset Management Ltd. Sells 82,336 Shares of AppLovin Corporation $APP

Jupiter Asset Management Ltd. trimmed its position in AppLovin Corporation (NASDAQ:APP) by 99.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 691 shares of the company’s stock after selling 82,336 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in AppLovin were worth $497,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APP. LFA Lugano Financial Advisors SA purchased a new stake in shares of AppLovin in the second quarter worth $26,000. Chilton Capital Management LLC purchased a new position in shares of AppLovin during the 3rd quarter valued at $29,000. Activest Wealth Management boosted its holdings in AppLovin by 760.0% in the 3rd quarter. Activest Wealth Management now owns 43 shares of the company’s stock worth $31,000 after buying an additional 38 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in AppLovin in the 2nd quarter worth $33,000. Finally, Heartwood Wealth Advisors LLC bought a new stake in AppLovin during the third quarter valued at about $33,000. Institutional investors own 41.85% of the company’s stock.

Insider Transactions at AppLovin

In related news, Director Dawson Alyssa Harvey sold 150 shares of AppLovin stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $693.32, for a total value of $103,998.00. Following the completion of the transaction, the director owned 2,829 shares in the company, valued at approximately $1,961,402.28. This trade represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Victoria Valenzuela sold 7,609 shares of the business’s 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 directly owned 277,110 shares in the company, valued at $182,097,294.30. The trade was a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 13.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

APP has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating on shares of AppLovin in a research note on Monday, February 2nd. Piper Sandler restated an “overweight” rating and issued a $650.00 price target (down from $800.00) on shares of AppLovin in a research note on Thursday, February 12th. UBS Group set a $740.00 price objective on shares of AppLovin in a report on Thursday, February 12th. Zacks Research cut shares of AppLovin from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. Finally, Scotiabank upped their target price on shares of AppLovin from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Twenty-one research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $651.77.

AppLovin Stock Up 1.6%

Shares of APP opened at $418.68 on Monday. The company has a debt-to-equity ratio of 1.65, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a market capitalization of $141.49 billion, a price-to-earnings ratio of 42.94, a price-to-earnings-growth ratio of 0.86 and a beta of 2.49. AppLovin Corporation has a 1 year low of $200.50 and a 1 year high of $745.61. The business’s 50 day simple moving average is $566.47 and its 200-day simple moving average is $573.74.

AppLovin (NASDAQ:APP) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.35. AppLovin had a net margin of 57.42% and a return on equity of 245.64%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the business posted $1.73 earnings per share. AppLovin’s quarterly revenue was up 66.0% on a year-over-year basis. As a group, equities analysts expect that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

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 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.