Westwind Capital Purchases 1,629 Shares of AppLovin Corporation $APP

Westwind Capital boosted its position in AppLovin Corporation (NASDAQ:APP) by 1,108.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,776 shares of the company’s stock after purchasing an additional 1,629 shares during the period. Westwind Capital’s holdings in AppLovin were worth $915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Revolve Wealth Partners LLC bought a new position in AppLovin during the fourth quarter worth about $294,000. Bison Wealth LLC bought a new stake in shares of AppLovin in the fourth quarter valued at approximately $239,000. Integrated Wealth Concepts LLC raised its position in shares of AppLovin by 58.0% in the first quarter. Integrated Wealth Concepts LLC now owns 1,692 shares of the company’s stock valued at $448,000 after purchasing an additional 621 shares during the period. NewEdge Advisors LLC raised its position in shares of AppLovin by 5.7% in the second quarter. NewEdge Advisors LLC now owns 14,523 shares of the company’s stock valued at $5,084,000 after purchasing an additional 782 shares during the period. Finally, Treasurer of the State of North Carolina lifted its stake in shares of AppLovin by 7.2% during the 2nd quarter. Treasurer of the State of North Carolina now owns 139,189 shares of the company’s stock valued at $48,727,000 after buying an additional 9,380 shares in the last quarter. 41.85% of the stock is currently owned by institutional investors.

Trending Headlines about AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin’s third-quarter guidance points to sequential revenue-growth reacceleration while maintaining an approximately 83% margin, even as the company continues investing in AI computing capacity. AppLovin Q3 Guidance Signals Reacceleration After a Mixed Q2 Print
• Positive Sentiment: Despite recent weakness, analysts and valuation commentary continue to highlight APP’s rapid revenue growth, very high margins and potential upside from depressed levels. BTIG retained a “buy” rating with a $408 target, while Phillip Securities upgraded the stock to “strong buy.” BTIG AppLovin Price Target
• Positive Sentiment: AppLovin is promoting its advertising platform to demonstrate that its technology can compete effectively in the digital-ad market, potentially supporting future customer adoption and growth. AppLovin Wants To Persuade The World That Its Ad Platform Is The Real Deal
• Neutral Sentiment: Bank of America assigned AppLovin a “neutral” rating, reflecting a balance between the company’s growth opportunity and execution or valuation risks. AppLovin Earns Neutral Rating from Bank of America
• Negative Sentiment: The recent selloff was intensified by a prior analyst downgrade and concerns surrounding a mixed second-quarter report. Although EPS met expectations and revenue grew strongly year over year, revenue fell short of estimates, while investors remain concerned about execution in e-commerce, limited visibility and continued AI-investment costs. Why AppLovin Stock Slumped
• Negative Sentiment: BTIG cut its price target substantially, even while maintaining a buy rating, underscoring that analysts have lowered expectations after the stock’s decline. The broader debate remains whether APP represents a discounted growth opportunity or a deteriorating growth story. AppLovin at 52-Week Low

Insider Transactions at AppLovin

In related news, CTO Vasily Shikin sold 62,804 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $484.42, for a total value of $30,423,513.68. Following the sale, the chief technology officer owned 3,189,739 shares in the company, valued at approximately $1,545,173,366.38. This trade represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Arash Adam Foroughi sold 33,042 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $486.95, for a total value of $16,089,801.90. Following the completion of the sale, the chief executive officer owned 2,369,351 shares in the company, valued at $1,153,755,469.45. This trade represents a 1.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 393,000 shares of company stock worth $197,297,363. 12.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on APP. The Goldman Sachs Group cut their price objective on shares of AppLovin from $585.00 to $465.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Bank of America reissued a “neutral” rating and set a $400.00 target price (down from $430.00) on shares of AppLovin in a report on Tuesday. KeyCorp set a $775.00 target price on AppLovin in a research report on Wednesday, June 10th. Needham & Company LLC cut their price target on AppLovin from $700.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Piper Sandler cut AppLovin from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $665.00 to $385.00 in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, AppLovin currently has an average rating of “Moderate Buy” and an average price target of $565.91.

AppLovin Price Performance

APP stock opened at $312.67 on Friday. The firm has a 50 day moving average of $452.68 and a 200-day moving average of $457.05. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11. AppLovin Corporation has a 12 month low of $303.17 and a 12 month high of $745.61. The firm has a market capitalization of $105.04 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 0.61 and a beta of 2.54.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 EPS for the quarter, meeting the consensus estimate of $3.76. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. AppLovin’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.39 earnings per share. As a group, sell-side analysts predict that AppLovin Corporation will post 15.57 earnings per share for the current fiscal year.

About AppLovin

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.