Patriot Financial Group Insurance Agency LLC Sells 1,909 Shares of AppLovin Corporation $APP

Patriot Financial Group Insurance Agency LLC trimmed its stake in shares of AppLovin Corporation (NASDAQ:APP) by 58.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,359 shares of the company’s stock after selling 1,909 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in AppLovin were worth $700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new stake in AppLovin in the 4th quarter worth $294,000. Bison Wealth LLC purchased a new position in shares of AppLovin during the fourth quarter valued at about $239,000. Integrated Wealth Concepts LLC grew its position in shares of AppLovin by 58.0% during the first quarter. Integrated Wealth Concepts LLC now owns 1,692 shares of the company’s stock valued at $448,000 after purchasing an additional 621 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of AppLovin by 5.7% during the second quarter. NewEdge Advisors LLC now owns 14,523 shares of the company’s stock valued at $5,084,000 after purchasing an additional 782 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of AppLovin by 7.2% in the second quarter. Treasurer of the State of North Carolina now owns 139,189 shares of the company’s stock worth $48,727,000 after purchasing an additional 9,380 shares during the last quarter. 41.85% of the stock is currently owned by institutional investors.

Insider Transactions at AppLovin

In other news, CFO Matthew Stumpf sold 9,052 shares of AppLovin stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $600.00, for a total value of $5,431,200.00. Following the completion of the transaction, the chief financial officer owned 177,450 shares in the company, valued at approximately $106,470,000. The trade was a 4.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Victoria Valenzuela sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $565.89, for a total value of $11,317,800.00. Following the transaction, the insider directly owned 243,961 shares in the company, valued at approximately $138,055,090.29. This represents a 7.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 393,000 shares of company stock worth $197,297,363. 12.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on APP. Needham & Company LLC decreased their target price on AppLovin from $700.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. KeyCorp set a $775.00 price target on AppLovin in a report on Wednesday, June 10th. Citigroup reduced their price objective on AppLovin from $710.00 to $650.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. The Goldman Sachs Group decreased their price objective on AppLovin from $585.00 to $465.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Finally, Royal Bank Of Canada lowered their target price on AppLovin from $700.00 to $575.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $565.91.

AppLovin Stock Up 2.9%

Shares of NASDAQ:APP opened at $312.67 on Friday. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11. AppLovin Corporation has a 12 month low of $303.17 and a 12 month high of $745.61. The company has a 50-day moving average price of $452.68 and a 200 day moving average price of $457.05. The company has a market cap of $105.04 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 0.61 and a beta of 2.54.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 earnings per share for the quarter, hitting the consensus estimate of $3.76. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm posted $2.39 earnings per share. The firm’s revenue for the quarter was up 52.8% on a year-over-year basis. As a group, equities research analysts predict that AppLovin Corporation will post 15.57 earnings per share for the current year.

AppLovin News Roundup

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin’s third-quarter guidance points to sequential revenue-growth reacceleration while maintaining an approximately 83% margin, even as the company continues investing in AI computing capacity. AppLovin Q3 Guidance Signals Reacceleration After a Mixed Q2 Print
• Positive Sentiment: Despite recent weakness, analysts and valuation commentary continue to highlight APP’s rapid revenue growth, very high margins and potential upside from depressed levels. BTIG retained a “buy” rating with a $408 target, while Phillip Securities upgraded the stock to “strong buy.” BTIG AppLovin Price Target
• Positive Sentiment: AppLovin is promoting its advertising platform to demonstrate that its technology can compete effectively in the digital-ad market, potentially supporting future customer adoption and growth. AppLovin Wants To Persuade The World That Its Ad Platform Is The Real Deal
• Neutral Sentiment: Bank of America assigned AppLovin a “neutral” rating, reflecting a balance between the company’s growth opportunity and execution or valuation risks. AppLovin Earns Neutral Rating from Bank of America
• Negative Sentiment: The recent selloff was intensified by a prior analyst downgrade and concerns surrounding a mixed second-quarter report. Although EPS met expectations and revenue grew strongly year over year, revenue fell short of estimates, while investors remain concerned about execution in e-commerce, limited visibility and continued AI-investment costs. Why AppLovin Stock Slumped
• Negative Sentiment: BTIG cut its price target substantially, even while maintaining a buy rating, underscoring that analysts have lowered expectations after the stock’s decline. The broader debate remains whether APP represents a discounted growth opportunity or a deteriorating growth story. AppLovin at 52-Week Low

AppLovin Profile

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.