Wedbush Securities Inc. Acquires 1,828 Shares of AppLovin Corporation $APP

Wedbush Securities Inc. increased its holdings in AppLovin Corporation (NASDAQ:APP) by 188.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,797 shares of the company’s stock after purchasing an additional 1,828 shares during the quarter. Wedbush Securities Inc.’s holdings in AppLovin were worth $979,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dynasty Wealth Management LLC lifted its holdings in AppLovin by 117,664.4% during the 1st quarter. Dynasty Wealth Management LLC now owns 2,702,694 shares of the company’s stock worth $716,133,000 after buying an additional 2,700,399 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of AppLovin by 36.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock worth $1,745,752,000 after acquiring an additional 1,769,400 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of AppLovin by 7.3% in the first quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company’s stock worth $4,724,594,000 after acquiring an additional 1,213,536 shares during the period. Baillie Gifford & Co. boosted its holdings 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 acquiring an additional 1,185,859 shares during the last quarter. Finally, Jennison Associates LLC increased its position in AppLovin by 86.5% during the 1st quarter. Jennison Associates LLC now owns 2,386,980 shares of the company’s stock valued at $632,478,000 after purchasing an additional 1,107,104 shares during the period. 41.85% of the stock is currently owned by institutional investors and hedge funds.

AppLovin Trading Up 5.1%

APP opened at $651.32 on Tuesday. The company has a fifty day moving average price of $608.32 and a two-hundred day moving average price of $455.99. AppLovin Corporation has a 1-year low of $200.50 and a 1-year high of $745.61. The company has a market cap of $220.31 billion, a P/E ratio of 79.04, a price-to-earnings-growth ratio of 3.33 and a beta of 2.50. 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 (NASDAQ:APP) last released its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The business’s revenue was up 68.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. Analysts predict that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

Insider Transactions at AppLovin

In other AppLovin news, insider Victoria Valenzuela sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was 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 of the company’s stock, valued at approximately $135,579,499.65. This trade represents a 11.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Vasily Shikin sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $437.57, for a total value of $13,127,100.00. Following the sale, the chief technology officer 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 834,138 shares of company stock worth $365,068,695 in the last three months. Insiders own 13.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of AppLovin from $810.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Wedbush lifted their target price on shares of AppLovin from $745.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Oppenheimer set a $740.00 target price on shares of AppLovin in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $705.00 price target on AppLovin and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Zacks Research lowered AppLovin from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Twenty-one equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.