Vestmark Advisory Solutions Inc. Lowers Holdings in AppLovin Corporation $APP

Vestmark Advisory Solutions Inc. lowered its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 46.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,745 shares of the company’s stock after selling 3,297 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in AppLovin were worth $1,311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hilltop National Bank bought a new position in AppLovin in the 2nd quarter worth approximately $26,000. SouthState Corp bought a new stake in shares of AppLovin during the first quarter valued at approximately $29,000. Hoey Investments Inc. purchased a new position in shares of AppLovin in the second quarter worth $35,000. Trust Co. of Vermont bought a new position in shares of AppLovin during the second quarter worth $35,000. Finally, ORG Partners LLC grew its stake in AppLovin by 146.5% during the second quarter. ORG Partners LLC now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 41.85% of the company’s stock.

AppLovin Trading Up 5.1%

APP opened at $651.32 on Tuesday. The stock has a 50-day moving average of $608.32 and a 200 day moving average of $455.99. 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 Corporation has a 12 month low of $200.50 and a 12 month high of $745.61. The firm has a market cap of $220.31 billion, a P/E ratio of 79.04, a P/E/G ratio of 3.33 and a beta of 2.50.

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

Insider Buying and Selling

In other news, insider Victoria Valenzuela sold 35,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $502.23, for a total value of $17,578,050.00. Following the completion of the sale, the insider owned 269,955 shares in the company, valued at approximately $135,579,499.65. This trade represents a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Vasily Shikin sold 30,000 shares of AppLovin stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $437.57, for a total transaction of $13,127,100.00. Following the transaction, the chief technology officer directly owned 3,360,104 shares of the company’s stock, valued at approximately $1,470,280,707.28. This represents a 0.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 834,138 shares of company stock valued at $365,068,695 over the last 90 days. 13.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

APP has been the topic of a number of research reports. Royal Bank Of Canada lifted their price target on shares of AppLovin from $700.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Oppenheimer set a $740.00 target price on AppLovin in a report on Tuesday, October 7th. Weiss Ratings raised AppLovin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a report on Tuesday, August 26th. Finally, Wells Fargo & Company lifted their price objective on AppLovin from $633.00 to $721.00 and gave the stock an “overweight” rating in a research note on Friday. Twenty-one investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, AppLovin has a consensus rating of “Moderate Buy” and an average price target of $659.64.

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.