Summit Investment Advisors Inc. Purchases 621 Shares of AppLovin Corporation $APP

Summit Investment Advisors Inc. lifted its holdings in AppLovin Corporation (NASDAQ:APP) by 6.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,123 shares of the company’s stock after purchasing an additional 621 shares during the period. Summit Investment Advisors Inc.’s holdings in AppLovin were worth $2,682,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Dynasty Wealth Management LLC increased its position in AppLovin by 117,664.4% during the first quarter. Dynasty Wealth Management LLC now owns 2,702,694 shares of the company’s stock worth $716,133,000 after acquiring an additional 2,700,399 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of AppLovin by 36.7% in 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 buying an additional 1,769,400 shares during the period. Vanguard Group Inc. grew its position in AppLovin by 7.3% during the first quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company’s stock worth $4,724,594,000 after buying an additional 1,213,536 shares in the last quarter. Baillie Gifford & Co. raised its holdings in AppLovin by 29.0% in the 1st quarter. Baillie Gifford & Co. now owns 5,270,355 shares of the company’s stock valued at $1,396,486,000 after acquiring an additional 1,185,859 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of AppLovin by 86.5% during the 1st quarter. Jennison Associates LLC now owns 2,386,980 shares of the company’s stock worth $632,478,000 after purchasing an additional 1,107,104 shares in the last quarter. Institutional investors own 41.85% of the company’s stock.

AppLovin Stock Down 0.2%

Shares of NASDAQ APP opened at $619.93 on Friday. AppLovin Corporation has a 12-month low of $200.50 and a 12-month high of $745.61. The firm’s 50-day simple moving average is $604.87 and its 200 day simple moving average is $451.89. The company has a quick ratio of 2.74, a current ratio of 3.25 and a debt-to-equity ratio of 2.38. The company has a market cap 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 quarterly earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior 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 fiscal year.

Insider Buying and Selling

In other AppLovin news, insider Victoria Valenzuela sold 35,000 shares of the business’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $502.23, for a total transaction of $17,578,050.00. Following the completion of the sale, the insider directly owned 269,955 shares of the company’s stock, valued at approximately $135,579,499.65. The trade was a 11.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Arash Adam Foroughi sold 26,200 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $440.23, for a total transaction of $11,534,026.00. Following the completion of the transaction, the chief executive officer directly owned 2,590,054 shares in the company, valued at $1,140,219,472.42. This trade represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,159,138 shares of company stock worth $516,256,695. 13.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

APP has been the subject of several research reports. Jefferies Financial Group raised their target price on AppLovin from $560.00 to $615.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Royal Bank Of Canada lifted their price objective on AppLovin from $700.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday. Piper Sandler increased their target price on AppLovin from $740.00 to $800.00 and gave the stock an “overweight” rating in a report on Thursday. Morgan Stanley boosted their price target on AppLovin from $480.00 to $750.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Finally, Bank of America increased their price objective on AppLovin from $580.00 to $860.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Twenty-one equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, AppLovin has an average rating of “Moderate Buy” and a consensus price target 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.