AppLovin (NASDAQ:APP) Director Sells $1,393,362.00 in Stock

AppLovin Corporation (NASDAQ:APP) Director Craig Scott Billings sold 2,350 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $592.92, for a total value of $1,393,362.00. Following the transaction, the director owned 3,707 shares in the company, valued at $2,197,954.44. This trade represents a 38.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AppLovin Stock Down 0.2%

APP opened at $619.93 on Monday. AppLovin Corporation has a 12 month low of $200.50 and a 12 month high of $745.61. The business has a 50-day moving average of $604.87 and a two-hundred day moving average of $453.29. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. The stock has a market capitalization of $209.69 billion, a price-to-earnings ratio of 75.23, a price-to-earnings-growth ratio of 3.33 and a beta of 2.50.

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

Hedge Funds Weigh In On AppLovin

Several hedge funds and other institutional investors have recently bought and sold shares of APP. Vanguard Group Inc. lifted its position in shares of AppLovin by 39.4% during the third quarter. Vanguard Group Inc. now owns 24,954,458 shares of the company’s stock worth $17,930,776,000 after purchasing an additional 7,051,663 shares in the last quarter. Norges Bank acquired a new position in AppLovin in the 2nd quarter worth $951,541,000. Dynasty Wealth Management LLC boosted its position in AppLovin by 117,664.4% in the 1st quarter. Dynasty Wealth Management LLC now owns 2,702,694 shares of the company’s stock valued at $716,133,000 after buying an additional 2,700,399 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in AppLovin in the 3rd quarter valued at about $1,456,108,000. Finally, Price T Rowe Associates Inc. MD grew its stake 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 acquiring an additional 1,769,400 shares in the last quarter. 41.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on APP shares. Wells Fargo & Company upped their price objective on AppLovin from $633.00 to $721.00 and gave the stock an “overweight” rating in a report on Friday. Zacks Research downgraded AppLovin from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Bank of America lifted their price objective on AppLovin from $580.00 to $860.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Royal Bank Of Canada boosted their target price on AppLovin from $700.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, BTIG Research increased their target price on shares of AppLovin from $693.00 to $705.00 and gave the stock a “buy” rating in a research report on Thursday. Twenty-one research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.