Portside Wealth Group LLC Makes New $241,000 Investment in AppLovin Corporation $APP

Portside Wealth Group LLC acquired a new position in shares of AppLovin Corporation (NASDAQ:APP) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 688 shares of the company’s stock, valued at approximately $241,000.

Several other institutional investors have also made changes to their positions in APP. Vanguard Group Inc. grew its stake in AppLovin by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 17,902,795 shares of the company’s stock valued at $6,267,410,000 after acquiring an additional 72,120 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in AppLovin by 36.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock valued at $1,745,752,000 after purchasing an additional 1,769,400 shares in the last quarter. Baillie Gifford & Co. grew its stake in AppLovin by 29.0% in the first quarter. Baillie Gifford & Co. now owns 5,270,355 shares of the company’s stock valued at $1,396,486,000 after purchasing an additional 1,185,859 shares in the last quarter. Invesco Ltd. grew its stake in shares of AppLovin by 32.9% in the 1st quarter. Invesco Ltd. now owns 4,011,306 shares of the company’s stock valued at $1,062,876,000 after buying an additional 992,316 shares in the last quarter. Finally, Kensico Capital Management Corp lifted its stake in AppLovin by 12.9% in the first quarter. Kensico Capital Management Corp now owns 2,879,000 shares of the company’s stock valued at $762,849,000 after acquiring an additional 328,000 shares during the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on APP shares. Bank of America raised their price target on shares of AppLovin from $580.00 to $860.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Royal Bank Of Canada increased their price objective on AppLovin from $700.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a report on Tuesday, August 26th. Wedbush increased their price target on AppLovin from $745.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Finally, BTIG Research boosted their price objective on shares of AppLovin from $693.00 to $705.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Twenty-one analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $658.27.

AppLovin Stock Down 1.7%

Shares of APP stock opened at $520.82 on Friday. AppLovin Corporation has a 12 month low of $200.50 and a 12 month high of $745.61. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38. The firm has a market cap of $176.01 billion, a PE ratio of 63.21, a price-to-earnings-growth ratio of 2.84 and a beta of 2.50. The stock has a 50 day moving average of $612.46 and a 200-day moving average of $468.43.

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

Insider Activity

In other news, Director Dawson Alyssa Harvey sold 200 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $589.18, for a total value of $117,836.00. Following the sale, the director owned 2,979 shares of the company’s stock, valued at approximately $1,755,167.22. This represents a 6.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victoria Valenzuela sold 35,000 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $502.23, for a total transaction of $17,578,050.00. Following the sale, the insider owned 269,955 shares of the company’s stock, valued at $135,579,499.65. This trade represents a 11.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 202,900 shares of company stock worth $123,646,538 over the last 90 days. 13.66% of the stock is currently owned by company insiders.

AppLovin Company Profile

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.