AppLovin Corporation $APP Stock Holdings Raised by Lido Advisors LLC

Lido Advisors LLC grew its position in AppLovin Corporation (NASDAQ:APP) by 157.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,666 shares of the company’s stock after acquiring an additional 12,038 shares during the quarter. Lido Advisors LLC’s holdings in AppLovin were worth $5,712,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of APP. Cassaday & Co Wealth Management LLC purchased a new position in shares of AppLovin during the first quarter worth approximately $25,000. Rachor Investment Advisory Services LLC purchased a new stake in AppLovin in the 3rd quarter valued at $25,000. Pioneer Family Office LLC purchased a new stake in AppLovin in the 2nd quarter valued at $31,000. IMA Advisory Services Inc. boosted its stake in AppLovin by 40.0% during the 1st quarter. IMA Advisory Services Inc. now owns 84 shares of the company’s stock worth $33,000 after purchasing an additional 24 shares during the period. Finally, OFI Invest Asset Management boosted its stake in AppLovin by 16.3% during the 2nd quarter. OFI Invest Asset Management now owns 68,739 shares of the company’s stock worth $35,000 after purchasing an additional 9,615 shares during the period. 41.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Citigroup lowered their price objective on shares of AppLovin from $600.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, October 19th. Weiss Ratings raised shares of AppLovin from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Morgan Stanley reduced their target price on shares of AppLovin from $450.00 to $400.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. Phillip Securities upgraded shares of AppLovin from a “moderate buy” rating to a “strong-buy” rating and decreased their target price for the stock from $635.00 to $610.00 in a research note on Tuesday, August 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $475.00 price target on shares of AppLovin in a report on Thursday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $497.93.

AppLovin Trading Down 2.7%

NASDAQ:APP opened at $393.68 on Friday. AppLovin Corporation has a 12-month low of $225.19 and a 12-month high of $738.01. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 1.07. The stock’s 50 day simple moving average is $300.22 and its 200-day simple moving average is $407.35. The firm has a market cap of $131.75 billion, a P/E ratio of 26.49, a PEG ratio of 0.82 and a beta of 2.51.

AppLovin (NASDAQ:APP) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $4.30 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.27. AppLovin had a return on equity of 182.97% and a net margin of 65.89%. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the company earned $2.45 earnings per share. The company’s revenue for the quarter was up 55.5% on a year-over-year basis. Equities analysts anticipate that AppLovin Corporation will post 16.25 EPS for the current year.

Latest AppLovin News

These are some of the APP news items that stood out recently:

• Positive Sentiment: Recent coverage highlighted strong third-quarter results, including revenue growth of about 55%, and fourth-quarter guidance above expectations. The company also announced a larger share-repurchase plan, providing support for the bullish case. AppLovin (APP) Jumps On Strong Q3 Results, Is The Stock Still Cheap?
• Negative Sentiment: Several law firms publicized a pending securities class action and the November 16 lead-plaintiff deadline. The lawsuit alleges that AppLovin’s statements about the progress and adoption of its AI models and self-service advertising tools were misleading; these are allegations, not findings. The legal overhang may weigh on sentiment. AppLovin Investors Alert
• Negative Sentiment: A Seeking Alpha article downgraded the stock, arguing that valuation concerns outweigh the company’s execution—another potential headwind after the recent rally. AppLovin: Valuation Trumps Execution (Rating Downgrade)

About AppLovin

AppLovin is a technology company that provides software to help mobile app developers and advertisers grow their businesses. Its platform connects advertisers seeking users with app publishers looking to monetize their audiences, using data and machine-learning tools to support advertising and user acquisition. The company’s products include AXON, its advertising optimization engine; AppDiscovery, which helps advertisers find and acquire users; and MAX, a platform for managing in-app advertising.