Charles Schwab Investment Management Inc. Sells 33,495 Shares of AppLovin Corporation $APP

Charles Schwab Investment Management Inc. reduced its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 3.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 985,320 shares of the company’s stock after selling 33,495 shares during the period. Charles Schwab Investment Management Inc.’s holdings in AppLovin were worth $344,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APP. Hilltop National Bank acquired a new position in AppLovin during the second quarter worth $26,000. LFA Lugano Financial Advisors SA bought a new stake in AppLovin during the 2nd quarter worth about $26,000. Hoey Investments Inc. acquired a new position in shares of AppLovin during the 2nd quarter worth about $35,000. Trust Co. of Vermont acquired a new position in shares of AppLovin during the 2nd quarter worth about $35,000. Finally, ORG Partners LLC grew its holdings in shares of AppLovin by 146.5% in the 2nd quarter. ORG Partners LLC now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 63 shares in the last quarter. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on APP. Wells Fargo & Company upped their target price on AppLovin from $633.00 to $721.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. JPMorgan Chase & Co. boosted their price target on AppLovin from $425.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Wall Street Zen cut AppLovin from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. BTIG Research raised their target price on shares of AppLovin from $693.00 to $705.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Wedbush boosted their target price on shares of AppLovin from $745.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Twenty-one equities 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $658.27.

AppLovin Stock Performance

Shares of NASDAQ APP opened at $559.80 on Tuesday. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $189.18 billion, a P/E ratio of 67.94, a P/E/G ratio of 2.79 and a beta of 2.50. AppLovin Corporation has a 12 month low of $200.50 and a 12 month high of $745.61. The stock has a 50 day moving average of $610.56 and a 200-day moving average of $473.83.

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. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $1.29 EPS. The company’s quarterly revenue was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that AppLovin Corporation will post 6.87 EPS for the current year.

Insider Activity at AppLovin

In related news, Director Dawson Alyssa Harvey sold 200 shares of AppLovin stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $589.18, for a total transaction of $117,836.00. Following the completion of the sale, the director owned 2,979 shares of the company’s stock, valued at approximately $1,755,167.22. The trade was a 6.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew Stumpf sold 4,884 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $515.76, for a total transaction of $2,518,971.84. Following the completion of the transaction, the chief financial officer owned 191,161 shares in the company, valued at approximately $98,593,197.36. This trade represents a 2.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 288,284 shares of company stock worth $169,199,575 in the last quarter. 13.66% of the stock is owned by corporate insiders.

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.