AppLovin Corporation $APP Stake Boosted by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC grew its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 40,885.4% during the second quarter, Holdings Channel reports. The firm owned 16,804 shares of the company’s stock after acquiring an additional 16,763 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in AppLovin were worth $5,883,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aberdeen Group plc lifted its holdings in AppLovin by 6.5% in the second quarter. Aberdeen Group plc now owns 114,180 shares of the company’s stock worth $39,972,000 after acquiring an additional 7,001 shares during the last quarter. Legal Advantage Investments Inc. acquired a new stake in shares of AppLovin during the 2nd quarter worth approximately $1,523,000. IFM Investors Pty Ltd lifted its holdings in shares of AppLovin by 15.6% in the 2nd quarter. IFM Investors Pty Ltd now owns 45,209 shares of the company’s stock worth $15,827,000 after purchasing an additional 6,104 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of AppLovin by 30.6% in the 2nd quarter. Park Avenue Securities LLC now owns 20,890 shares of the company’s stock worth $7,313,000 after purchasing an additional 4,890 shares during the last quarter. Finally, Lee Johnson Capital Management LLC boosted its position in AppLovin by 13.6% during the 2nd quarter. Lee Johnson Capital Management LLC now owns 12,449 shares of the company’s stock valued at $4,358,000 after purchasing an additional 1,491 shares during the period. 41.85% of the stock is owned by institutional investors and hedge funds.

AppLovin Stock Up 5.5%

APP stock opened at $586.37 on Thursday. The firm’s 50-day moving average is $609.20 and its two-hundred day moving average is $476.21. The company has a market capitalization of $198.16 billion, a price-to-earnings ratio of 71.16, a price-to-earnings-growth ratio of 2.98 and a beta of 2.50. AppLovin Corporation has a 52 week low of $200.50 and a 52 week high of $745.61. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $1.29 earnings per share. The business’s revenue for the quarter was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. On average, analysts forecast that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

Insider Transactions at AppLovin

In other news, CTO Vasily Shikin sold 27,143 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $545.38, for a total value of $14,803,249.34. Following the completion of the sale, the chief technology officer owned 3,323,681 shares in the company, valued at $1,812,669,143.78. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Arash Adam Foroughi sold 4,069 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 2,998,948 shares of the company’s stock, valued at $1,491,976,630. This represents a 0.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 360,542 shares of company stock valued at $208,733,493. Corporate insiders own 13.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on APP. Bank of America increased their target price on AppLovin from $580.00 to $860.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Zacks Research cut shares of AppLovin from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Oppenheimer set a $740.00 target price on shares of AppLovin in a research note on Tuesday, October 7th. JPMorgan Chase & Co. upped their target price on shares of AppLovin from $425.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, UBS Group lifted their price target on AppLovin from $810.00 to $840.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Twenty-one research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AppLovin presently has an average rating of “Moderate Buy” and an average price target of $658.27.

About AppLovin

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.