Inceptionr LLC Invests $584,000 in AppLovin Corporation $APP

Inceptionr LLC purchased a new stake in AppLovin Corporation (NASDAQ:APP) in the second quarter, Holdings Channel reports. The institutional investor purchased 1,669 shares of the company’s stock, valued at approximately $584,000.

Several other hedge funds also recently modified their holdings of the company. Vestcor Inc increased its holdings in AppLovin by 0.8% in the 1st quarter. Vestcor Inc now owns 4,108 shares of the company’s stock worth $1,088,000 after purchasing an additional 33 shares in the last quarter. RWA Wealth Partners LLC boosted its stake in shares of AppLovin by 0.4% during the second quarter. RWA Wealth Partners LLC now owns 7,680 shares of the company’s stock valued at $2,689,000 after purchasing an additional 33 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of AppLovin by 32.7% during the second quarter. Fortitude Family Office LLC now owns 138 shares of the company’s stock worth $48,000 after purchasing an additional 34 shares during the last quarter. GSG Advisors LLC increased its stake in shares of AppLovin by 0.3% in the first quarter. GSG Advisors LLC now owns 10,256 shares of the company’s stock valued at $2,820,000 after buying an additional 35 shares during the period. Finally, PFG Advisors raised its holdings in AppLovin by 1.2% in the 2nd quarter. PFG Advisors now owns 3,203 shares of the company’s stock valued at $1,121,000 after buying an additional 37 shares during the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.

AppLovin Stock Up 5.5%

Shares of NASDAQ:APP opened at $586.37 on Friday. AppLovin Corporation has a 1 year low of $200.50 and a 1 year high of $745.61. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. The business’s 50-day moving average is $608.50 and its 200-day moving average is $476.97. The company has a market capitalization of $198.16 billion, a price-to-earnings ratio of 71.16, a P/E/G ratio of 3.15 and a beta of 2.50.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $1.29 earnings per share. The firm’s revenue was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. Equities research analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Bank of America boosted 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. Oppenheimer set a $740.00 price objective on shares of AppLovin in a research note on Tuesday, October 7th. Scotiabank increased their price objective on AppLovin from $575.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. UBS Group lifted their target price on AppLovin from $810.00 to $840.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, The Goldman Sachs Group upped their price target on AppLovin from $630.00 to $720.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Twenty-one analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $658.27.

Insider Activity

In other AppLovin news, CEO Arash Adam Foroughi sold 4,069 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $497.50, for a total value of $2,024,327.50. Following the completion of the sale, the chief executive officer directly owned 2,998,948 shares in the company, valued at approximately $1,491,976,630. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Stumpf sold 4,884 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $515.76, for a total transaction of $2,518,971.84. Following the transaction, the chief financial officer owned 191,161 shares in the company, valued at $98,593,197.36. This represents a 2.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 360,542 shares of company stock worth $208,733,493 in the last quarter. 13.66% of the stock is owned by corporate insiders.

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.