Silvant Capital Management LLC Trims Holdings in AppLovin Corporation $APP

Silvant Capital Management LLC lowered its position in AppLovin Corporation (NASDAQ:APP) by 63.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,042 shares of the company’s stock after selling 24,654 shares during the period. Silvant Capital Management LLC’s holdings in AppLovin were worth $4,916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of APP. Vestcor Inc lifted its stake in AppLovin by 0.8% during the 1st quarter. Vestcor Inc now owns 4,108 shares of the company’s stock valued at $1,088,000 after acquiring an additional 33 shares during the period. RWA Wealth Partners LLC increased its stake in shares of AppLovin by 0.4% in the second quarter. RWA Wealth Partners LLC now owns 7,680 shares of the company’s stock worth $2,689,000 after acquiring an additional 33 shares during the period. Fortitude Family Office LLC raised its holdings in shares of AppLovin by 32.7% during the second quarter. Fortitude Family Office LLC now owns 138 shares of the company’s stock worth $48,000 after purchasing an additional 34 shares during the last quarter. GSG Advisors LLC lifted its position in AppLovin by 0.3% during the first quarter. GSG Advisors LLC now owns 10,256 shares of the company’s stock valued at $2,820,000 after purchasing an additional 35 shares during the period. Finally, PFG Advisors lifted its position in AppLovin by 1.2% during the second quarter. PFG Advisors now owns 3,203 shares of the company’s stock valued at $1,121,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 41.85% of the company’s stock.

AppLovin Stock Up 5.5%

Shares of NASDAQ APP opened at $586.37 on Friday. The firm has a market cap of $198.16 billion, a price-to-earnings ratio of 71.16, a price-to-earnings-growth ratio of 3.15 and a beta of 2.50. The company’s 50-day simple moving average is $608.50 and its 200-day simple moving average is $476.97. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38. AppLovin Corporation has a 52-week low of $200.50 and a 52-week high of $745.61.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, topping 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 company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business 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. Equities analysts predict that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on AppLovin from $633.00 to $721.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Needham & Company LLC reissued a “hold” rating on shares of AppLovin in a report on Tuesday, August 26th. Piper Sandler lifted their target price on shares of AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Benchmark lifted their price objective on shares of AppLovin from $640.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft set a $705.00 target price on shares of AppLovin and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Twenty-one research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, AppLovin currently has a consensus rating of “Moderate Buy” and a consensus target price of $658.27.

Insider Activity at AppLovin

In other AppLovin news, CTO Vasily Shikin sold 27,143 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $545.38, for a total transaction of $14,803,249.34. Following the transaction, the chief technology officer owned 3,323,681 shares of the company’s stock, valued at approximately $1,812,669,143.78. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Arash Adam Foroughi sold 4,069 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $497.50, for a total transaction of $2,024,327.50. Following the completion of the sale, 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. Over the last 90 days, insiders sold 360,542 shares of company stock valued at $208,733,493. 13.66% of the stock is currently owned by 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.