Jupiter Asset Management Ltd. Buys Shares of 83,027 AppLovin Corporation $APP

Jupiter Asset Management Ltd. bought a new position in shares of AppLovin Corporation (NASDAQ:APP) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 83,027 shares of the company’s stock, valued at approximately $29,066,000.

Other large investors have also made changes to their positions in the company. Vestcor Inc grew its position in AppLovin by 0.8% during the first quarter. Vestcor Inc now owns 4,108 shares of the company’s stock worth $1,088,000 after buying an additional 33 shares during the period. RWA Wealth Partners LLC boosted its stake in shares of AppLovin by 0.4% during the 2nd quarter. RWA Wealth Partners LLC now owns 7,680 shares of the company’s stock worth $2,689,000 after acquiring an additional 33 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of AppLovin by 32.7% in the 2nd quarter. Fortitude Family Office LLC now owns 138 shares of the company’s stock worth $48,000 after acquiring an additional 34 shares during the period. GSG Advisors LLC increased its stake in AppLovin by 0.3% in the 1st quarter. GSG Advisors LLC now owns 10,256 shares of the company’s stock valued at $2,820,000 after purchasing an additional 35 shares in the last quarter. Finally, PFG Advisors raised its holdings in AppLovin by 1.2% during the second quarter. PFG Advisors now owns 3,203 shares of the company’s stock worth $1,121,000 after purchasing an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

AppLovin Stock Performance

NASDAQ APP opened at $584.86 on Thursday. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. AppLovin Corporation has a 1-year low of $200.50 and a 1-year high of $745.61. The firm has a market capitalization of $197.83 billion, a P/E ratio of 70.98, a P/E/G ratio of 3.19 and a beta of 2.50. The business’s 50-day simple moving average is $612.54 and its 200-day simple moving average is $459.12.

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

Insiders Place Their Bets

In other AppLovin news, CTO Vasily Shikin sold 30,000 shares of AppLovin stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $437.57, for a total transaction of $13,127,100.00. Following the sale, the chief technology officer directly owned 3,360,104 shares in the company, valued at $1,470,280,707.28. The trade was a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Herald Y. Chen sold 50,000 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $436.61, for a total transaction of $21,830,500.00. Following the transaction, the director owned 181,929 shares in the company, valued at $79,432,020.69. This trade represents a 21.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 434,138 shares of company stock worth $188,888,598. 13.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APP. Wedbush upped their target price on AppLovin from $745.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft set a $705.00 price objective on shares of AppLovin and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Benchmark lifted their target price on shares of AppLovin from $640.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Piper Sandler upped their price target on shares of AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, Scotiabank increased their price target on shares of AppLovin from $575.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Twenty-one research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $658.27.

AppLovin 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.