AppLovin Corporation $APP Stock Holdings Decreased by Burney Co.

Burney Co. lessened its stake in AppLovin Corporation (NASDAQ:APP) by 35.3% during the first quarter, HoldingsChannel.com reports. The firm owned 3,171 shares of the company’s stock after selling 1,728 shares during the period. Burney Co.’s holdings in AppLovin were worth $1,262,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Swedbank AB lifted its holdings in AppLovin by 0.5% during the 1st quarter. Swedbank AB now owns 192,596 shares of the company’s stock worth $76,653,000 after buying an additional 1,049 shares during the last quarter. Ascentis Independent Advisors increased its holdings in shares of AppLovin by 143.0% in the 1st quarter. Ascentis Independent Advisors now owns 1,390 shares of the company’s stock valued at $553,000 after acquiring an additional 818 shares during the last quarter. Seascape Capital Management increased its holdings in shares of AppLovin by 0.4% in the 1st quarter. Seascape Capital Management now owns 13,067 shares of the company’s stock valued at $5,201,000 after acquiring an additional 54 shares during the last quarter. Astoria Portfolio Advisors LLC. raised its position in shares of AppLovin by 3.7% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 1,616 shares of the company’s stock valued at $643,000 after acquiring an additional 58 shares in the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of AppLovin by 4.2% during the 1st quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 789 shares of the company’s stock valued at $314,000 after acquiring an additional 32 shares in the last quarter. Institutional investors own 41.85% of the company’s stock.

Insider Transactions at AppLovin

In other news, CTO Vasily Shikin sold 62,804 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $484.42, for a total transaction of $30,423,513.68. Following the completion of the transaction, the chief technology officer directly owned 3,189,739 shares in the company, valued at approximately $1,545,173,366.38. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Eduardo Vivas sold 163,910 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $504.06, for a total value of $82,620,474.60. Following the completion of the transaction, the director directly owned 6,785,087 shares of the company’s stock, valued at $3,420,090,953.22. This trade represents a 2.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 393,000 shares of company stock worth $197,297,363 in the last quarter. 13.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on APP shares. Raymond James Financial initiated coverage on shares of AppLovin in a report on Monday, June 29th. They issued a “strong-buy” rating and a $640.00 price objective for the company. BTIG Research reissued a “buy” rating and set a $640.00 target price on shares of AppLovin in a report on Thursday, May 7th. UBS Group reduced their price target on shares of AppLovin from $740.00 to $716.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Benchmark reaffirmed a “buy” rating on shares of AppLovin in a report on Wednesday, June 10th. Finally, Wedbush reaffirmed an “outperform” rating and set a $640.00 price objective on shares of AppLovin in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $668.45.

Trending Headlines about AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Wells Fargo raised its price target on AppLovin to $575 from $571 and kept an overweight rating, suggesting upside from current levels. Benzinga report
• Positive Sentiment: Recent commentary highlighted AppLovin’s strong operating momentum, including 59% revenue growth in the latest quarter, expanding margins, and continued strength from its AI-driven ad platform. Seeking Alpha article
• Neutral Sentiment: Analysts and market commentary continue to debate whether AppLovin’s recent pullback has created a buying opportunity, with some noting the stock still trades at a premium valuation. Zacks article
• Negative Sentiment: Director Maynard G. Webb, Jr. sold 3,076 shares worth about $1.6 million, a transaction that may be read as insider caution even though he still owns a large stake. SEC filing
• Negative Sentiment: Bearish articles noted that AppLovin has been volatile after a strong multi-year run, and one piece suggested a downgrade could be near, which may be weighing on sentiment. Seeking Alpha article

AppLovin Stock Performance

Shares of APP opened at $522.18 on Thursday. AppLovin Corporation has a 1 year low of $332.32 and a 1 year high of $745.61. The company has a market cap of $175.42 billion, a price-to-earnings ratio of 44.86, a price-to-earnings-growth ratio of 0.85 and a beta of 2.49. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.24 and a current ratio of 3.24. The firm has a fifty day moving average of $506.46 and a 200-day moving average of $500.51.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, May 6th. The company reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.12. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.77 billion. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The company’s revenue for the quarter was up 58.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. As a group, equities analysts anticipate that AppLovin Corporation will post 15.93 earnings per share for the current year.

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.