First Horizon Advisors Inc. Boosts Stake in AppLovin Corporation $APP

First Horizon Advisors Inc. lifted its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 10.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,108 shares of the company’s stock after buying an additional 207 shares during the period. First Horizon Advisors Inc.’s holdings in AppLovin were worth $738,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of APP. Vanguard Group Inc. lifted its stake in AppLovin by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company’s stock valued at $4,724,594,000 after acquiring an additional 1,213,536 shares during the period. Price T Rowe Associates Inc. MD raised 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. Baillie Gifford & Co. lifted its position in AppLovin by 29.0% during 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 during the period. Invesco Ltd. boosted its holdings in AppLovin by 32.9% in the first quarter. Invesco Ltd. now owns 4,011,306 shares of the company’s stock worth $1,062,876,000 after purchasing an additional 992,316 shares during the last quarter. Finally, Kensico Capital Management Corp grew its position in AppLovin by 12.9% in the 1st quarter. Kensico Capital Management Corp now owns 2,879,000 shares of the company’s stock worth $762,849,000 after purchasing an additional 328,000 shares during the period. 41.85% of the stock is currently owned by institutional investors.

AppLovin Stock Up 0.7%

NASDAQ APP opened at $621.36 on Friday. AppLovin Corporation has a 52 week low of $200.50 and a 52 week high of $745.61. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 3.01. The company has a market capitalization of $210.18 billion, a P/E ratio of 75.41, a price-to-earnings-growth ratio of 3.35 and a beta of 2.50. The stock’s 50-day moving average price is $602.04 and its 200-day moving average price is $447.68.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 294.76%. 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 prior year, the firm posted $1.29 EPS. The firm’s quarterly revenue was up 68.2% compared to the same quarter last year. AppLovin has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current year.

Insider Activity

In related news, Director Dawson Alyssa Harvey sold 350 shares of AppLovin stock in a transaction on Friday, September 5th. The shares were sold at an average price of $487.97, for a total transaction of $170,789.50. Following the transaction, the director owned 3,150 shares in the company, valued at approximately $1,537,105.50. The trade was a 10.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Arash Adam Foroughi sold 26,200 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $440.23, for a total value of $11,534,026.00. Following the completion of the sale, the chief executive officer owned 2,590,054 shares of the company’s stock, valued at $1,140,219,472.42. The trade was a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,156,788 shares of company stock valued at $514,863,333 over the last 90 days. Company insiders own 13.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on APP. UBS Group increased their price target on AppLovin from $810.00 to $840.00 and gave the company a “buy” rating in a report on Thursday. Needham & Company LLC reissued a “hold” rating on shares of AppLovin in a report on Tuesday, August 26th. Bank of America raised their target price on AppLovin from $580.00 to $860.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Wedbush upped their price target on shares of AppLovin from $745.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, BTIG Research increased 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. 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 company. Based on data from MarketBeat, AppLovin has a consensus rating of “Moderate Buy” and an average price target of $635.39.

About AppLovin

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.