BTG Pactual Asset Management US LLC Buys 2,911 Shares of AppLovin Corporation $APP

BTG Pactual Asset Management US LLC raised its position in shares of AppLovin Corporation (NASDAQ:APP) by 134.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,077 shares of the company’s stock after acquiring an additional 2,911 shares during the quarter. BTG Pactual Asset Management US LLC’s holdings in AppLovin were worth $2,616,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC purchased a new stake in AppLovin in the first quarter worth $25,000. Washington Trust Advisors Inc. lifted its position in AppLovin by 160.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock valued at $27,000 after buying an additional 24 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in shares of AppLovin during the 4th quarter valued at $27,000. Pioneer Family Office LLC bought a new stake in shares of AppLovin during the 2nd quarter valued at $31,000. Finally, First Pacific Financial purchased a new stake in shares of AppLovin in the 1st quarter worth about $33,000. Institutional investors own 41.85% of the company’s stock.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Options activity was unusually heavy, with traders purchasing 47,438 call options—about 32% above the average call volume. The activity may indicate renewed speculative interest or expectations for a recovery, although options flow is not a definitive forecast. Do Options Traders Know Something About AppLovin Stock We Don’t?
• Positive Sentiment: AppLovin’s valuation has become more supportable after a roughly 54% year-to-date selloff. Its reported fundamentals remain strong, including 52.8% year-over-year revenue growth, a high net margin and substantial cash generation, helping fuel the value-oriented rebound thesis. AppLovin Rises After Year-to-Date Slide
• Neutral Sentiment: A comparison with Meta Platforms highlights AppLovin’s faster percentage growth but Meta’s much larger scale. Investors are assessing whether AppLovin can sustain its growth advantage.
• Negative Sentiment: Needham & Company lowered its expectations for AppLovin’s stock price, potentially limiting the recovery and reinforcing concerns about valuation or future growth.
• Negative Sentiment: Recent analysis emphasizes that AppLovin has historically experienced sharper declines than the broader market. Another comparison found Coherent more attractive based on faster expected growth, stronger earnings-estimate momentum and a lower valuation, despite AppLovin’s superior margins and cash flow. AppLovin Stock Has Already Taken a Shock-Sized Fall

Insiders Place Their Bets

In other news, Director Eduardo Vivas sold 163,910 shares of AppLovin stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $504.06, for a total transaction of $82,620,474.60. Following the sale, the director owned 6,785,087 shares in the company, valued at $3,420,090,953.22. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Arash Adam Foroughi sold 33,042 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $486.95, for a total transaction of $16,089,801.90. Following the completion of the transaction, the chief executive officer directly 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. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 294,228 shares of company stock valued at $148,403,985. 12.81% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

APP has been the topic of a number of recent research reports. Wedbush cut their price objective on shares of AppLovin from $640.00 to $610.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Raymond James Financial assumed coverage on AppLovin in a research report on Monday, June 29th. They issued a “strong-buy” rating and a $640.00 price target on the stock. Needham & Company LLC reduced their price objective on AppLovin from $500.00 to $475.00 and set a “buy” rating for the company in a research report on Wednesday, August 26th. Wells Fargo & Company lowered their price objective on AppLovin from $357.00 to $325.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 19th. Finally, Citigroup dropped their target price on AppLovin from $710.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, AppLovin has an average rating of “Moderate Buy” and an average price target of $552.74.

AppLovin Stock Performance

Shares of AppLovin stock opened at $317.76 on Monday. AppLovin Corporation has a fifty-two week low of $297.50 and a fifty-two week high of $745.61. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.30 and a current ratio of 4.30. The company has a market capitalization of $106.34 billion, a P/E ratio of 24.42, a P/E/G ratio of 0.64 and a beta of 2.54. The company has a fifty day moving average of $409.53 and a 200 day moving average of $444.16.

AppLovin (NASDAQ:APP) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 EPS for the quarter, meeting the consensus estimate of $3.76. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the business earned $2.39 earnings per share. The business’s revenue was up 52.8% on a year-over-year basis. On average, sell-side analysts anticipate that AppLovin Corporation will post 15.53 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.