Cornercap Investment Counsel Inc. Lowers Stock Position in AppLovin Corporation $APP

Cornercap Investment Counsel Inc. decreased its holdings in AppLovin Corporation (NASDAQ:APP) by 31.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,103 shares of the company’s stock after selling 959 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in AppLovin were worth $736,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hilltop National Bank acquired a new position in AppLovin in the second quarter valued at $26,000. SouthState Corp purchased a new position in shares of AppLovin during the first quarter worth about $29,000. Cornerstone Planning Group LLC increased its position in AppLovin by 428.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 132 shares of the company’s stock valued at $33,000 after acquiring an additional 107 shares during the period. Hoey Investments Inc. purchased a new stake in AppLovin during the 2nd quarter valued at approximately $35,000. Finally, Trust Co. of Vermont acquired a new stake in AppLovin during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

AppLovin Stock Performance

NASDAQ:APP opened at $621.36 on Friday. The firm’s fifty day simple moving average is $602.04 and its 200-day simple moving average is $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. The stock has a market cap of $210.18 billion, a PE ratio of 75.41, a price-to-earnings-growth ratio of 3.35 and a beta of 2.50. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 294.76%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The firm’s revenue was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. Analysts expect that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

Insider Transactions at AppLovin

In related news, CEO Arash Adam Foroughi sold 26,200 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 2,590,054 shares of the company’s stock, valued at $1,140,219,472.42. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 approximately $135,579,499.65. This represents a 11.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,156,788 shares of company stock worth $514,863,333 over the last quarter. Insiders own 13.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on APP shares. Benchmark boosted their target price on AppLovin from $640.00 to $700.00 and gave the company a “buy” rating in a report on Thursday. Citigroup boosted their price objective on shares of AppLovin from $600.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. UBS Group upped their price objective on shares of AppLovin from $810.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America lifted their target price on shares of AppLovin from $580.00 to $860.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, Morgan Stanley boosted their price target on shares of AppLovin from $480.00 to $750.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, AppLovin has a consensus rating of “Moderate Buy” and an average target price 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.