AppLovin (NASDAQ:APP) Price Target Raised to $720.00

AppLovin (NASDAQ:APP) had its price target increased by investment analysts at The Goldman Sachs Group from $630.00 to $720.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 16.14% from the company’s current price.

APP has been the subject of a number of other reports. Jefferies Financial Group boosted their price objective on AppLovin from $560.00 to $615.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. 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. BTIG Research upped their price target on AppLovin from $693.00 to $705.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. increased their target price on shares of AppLovin from $425.00 to $650.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of AppLovin from $491.00 to $633.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $643.13.

AppLovin Trading Down 0.2%

APP stock traded down $1.43 during mid-day trading on Friday, hitting $619.93. 6,642,044 shares of the company were exchanged, compared to its average volume of 7,177,664. AppLovin has a 12-month low of $200.50 and a 12-month high of $745.61. The firm has a market capitalization of $209.69 billion, a P/E ratio of 75.23, a PEG ratio of 3.35 and a beta of 2.50. The business has a fifty day simple moving average of $602.04 and a 200-day simple moving average of $447.68. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 3.01.

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 firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. AppLovin had a return on equity of 294.76% and a net margin of 51.27%.The company’s quarterly revenue was up 68.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that AppLovin will post 6.87 earnings per share for the current fiscal year.

Insider Transactions at AppLovin

In related news, CTO Vasily Shikin sold 30,000 shares of AppLovin stock in a transaction on 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 completion of 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. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Victoria Valenzuela sold 35,000 shares of AppLovin stock in a transaction 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 transaction, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,156,788 shares of company stock valued at $514,863,333 in the last three months. Insiders own 13.66% of the company’s stock.

Institutional Trading of AppLovin

A number of institutional investors and hedge funds have recently made changes to their positions in APP. Vanguard Group Inc. increased its stake in AppLovin by 39.4% during the 3rd quarter. Vanguard Group Inc. now owns 24,954,458 shares of the company’s stock worth $17,930,776,000 after buying an additional 7,051,663 shares during the period. Norges Bank bought a new stake in AppLovin during the second quarter valued at $951,541,000. Dynasty Wealth Management LLC lifted its holdings in AppLovin by 117,664.4% in the first quarter. Dynasty Wealth Management LLC now owns 2,702,694 shares of the company’s stock worth $716,133,000 after acquiring an additional 2,700,399 shares during the last quarter. Rakuten Investment Management Inc. acquired a new position in AppLovin in the third quarter valued at approximately $1,456,108,000. Finally, Price T Rowe Associates Inc. MD grew its holdings 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 valued at $1,745,752,000 after purchasing an additional 1,769,400 shares during the last quarter. 41.85% of the stock is currently owned by institutional investors and hedge funds.

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.