World Investment Advisors boosted its position in shares of AppLovin Corporation (NASDAQ:APP – Free Report) by 261.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,627 shares of the company’s stock after acquiring an additional 4,071 shares during the quarter. World Investment Advisors’ holdings in AppLovin were worth $3,792,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new stake in AppLovin during the 4th quarter worth about $27,000. Washington Trust Advisors Inc. lifted its position in AppLovin by 160.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock worth $27,000 after acquiring an additional 24 shares during the period. Chilton Capital Management LLC acquired a new stake in AppLovin during the 3rd quarter worth about $29,000. Activest Wealth Management lifted its position in AppLovin by 760.0% during the 3rd quarter. Activest Wealth Management now owns 43 shares of the company’s stock worth $31,000 after acquiring an additional 38 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new stake in AppLovin during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 41.85% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have commented on APP. UBS Group lowered their price target on AppLovin from $740.00 to $716.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Benchmark reaffirmed a “buy” rating on shares of AppLovin in a research report on Friday, March 6th. Morgan Stanley set a $720.00 price objective on AppLovin in a report on Thursday, February 12th. Zacks Research cut AppLovin from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. boosted their price objective on AppLovin from $500.00 to $515.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $664.35.
Insider Buying and Selling
In related news, CTO Vasily Shikin sold 62,804 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $486.43, for a total value of $30,549,749.72. Following the completion of the transaction, the chief technology officer owned 3,255,273 shares of the company’s stock, valued at approximately $1,583,462,445.39. This represents a 1.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eduardo Vivas sold 163,910 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $453.49, for a total value of $74,331,545.90. Following the completion of the transaction, the director directly owned 6,969,382 shares of the company’s stock, valued at $3,160,545,043.18. The trade was a 2.30% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 365,244 shares of company stock valued at $169,584,607. 13.66% of the stock is owned by company insiders.
AppLovin Stock Performance
Shares of APP stock opened at $485.16 on Friday. The stock has a market cap of $163.63 billion, a PE ratio of 41.68, a price-to-earnings-growth ratio of 0.74 and a beta of 2.37. The business has a 50-day simple moving average of $446.90 and a 200-day simple moving average of $529.33. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.49. AppLovin Corporation has a 52-week low of $320.00 and a 52-week high of $745.61.
AppLovin (NASDAQ:APP – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.12. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.77 billion. AppLovin had a return on equity of 219.37% and a net margin of 64.29%.The company’s revenue for the quarter was up 58.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 EPS. On average, equities analysts expect that AppLovin Corporation will post 15.86 EPS for the current year.
Key AppLovin News
Here are the key news stories impacting AppLovin this week:
- Positive Sentiment: Piper Sandler raised its price target on AppLovin to $665 from $650 and reiterated an Overweight rating, citing the company’s strong revenue beat and continued momentum in its core business. AppLovin (APP) Price Target Raised by Piper Sandler to $665
- Positive Sentiment: Recent coverage said AppLovin’s latest earnings quality was strong, even though the stock reaction was described as subdued, suggesting investors may still be reassessing the longer-term upside from the report. Shareholders Will Be Pleased With The Quality of AppLovin’s (NASDAQ:APP) Earnings
- Positive Sentiment: Multiple articles highlighted AppLovin as an AI-linked growth winner with surging revenue, keeping investor focus on its ability to sustain rapid earnings expansion. Is AppLovin Stock a Buy as Revenue Continues to Surge?
- Neutral Sentiment: Several broader market and stock-picking articles mentioned AppLovin alongside other growth and hedge-fund favorites, adding to visibility but not providing a direct new catalyst for the shares. AppLovin and 6 More Stock Picks by Einhorn and Other Hedge Fund Managers
- Neutral Sentiment: Commentary comparing AppLovin with The Trade Desk mainly framed it as a digital advertising growth leader, but it was more of an industry discussion than a company-specific driver. The Trade Desk vs. AppLovin: What Do Their Quarterly Revenue Trajectories Tell Investors?
- Negative Sentiment: One piece noted the stock’s reaction to earnings was somewhat muted, which can signal that some investors want more proof that recent growth can continue at the same pace. Shareholders Will Be Pleased With The Quality of AppLovin’s (NASDAQ:APP) Earnings
About AppLovin
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.
See Also
- Five stocks we like better than AppLovin
- 2 Ways to Play the Big Pharma Patent Cliff
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
Want to see what other hedge funds are holding APP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AppLovin Corporation (NASDAQ:APP – Free Report).
Receive News & Ratings for AppLovin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppLovin and related companies with MarketBeat.com's FREE daily email newsletter.
