Cynosure Group LLC Cuts Stock Position in AppLovin Corporation $APP

Cynosure Group LLC decreased its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 17.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,043 shares of the company’s stock after selling 228 shares during the period. Cynosure Group LLC’s holdings in AppLovin were worth $365,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cozad Asset Management Inc. lifted its holdings in AppLovin by 6.2% during the second quarter. Cozad Asset Management Inc. now owns 43,459 shares of the company’s stock valued at $15,214,000 after purchasing an additional 2,526 shares in the last quarter. Del Sette Capital Management LLC acquired a new position in shares of AppLovin during the 2nd quarter worth about $3,607,000. Mediolanum International Funds Ltd lifted its stake in AppLovin by 1.5% in the 2nd quarter. Mediolanum International Funds Ltd now owns 44,226 shares of the company’s stock valued at $14,762,000 after buying an additional 662 shares in the last quarter. Legal & General Group Plc boosted its holdings in AppLovin by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 1,417,199 shares of the company’s stock worth $496,133,000 after buying an additional 9,711 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in AppLovin during the 2nd quarter worth approximately $252,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

Insider Buying and Selling

In other AppLovin news, CFO Matthew Stumpf sold 4,884 shares of the 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 of the company’s stock, valued at $98,593,197.36. This trade represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Arash Adam Foroughi sold 30,888 shares of AppLovin stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $520.29, for a total transaction of $16,070,717.52. Following the sale, the chief executive officer owned 2,553,161 shares of the company’s stock, valued at approximately $1,328,384,136.69. This represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 288,284 shares of company stock valued at $169,199,575 over the last three months. Company insiders own 13.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Bank of America raised their target price on AppLovin from $580.00 to $860.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. BTIG Research lifted their target price on shares of AppLovin from $693.00 to $705.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Wells Fargo & Company upped their target price on shares of AppLovin from $633.00 to $721.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Wall Street Zen downgraded shares of AppLovin from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, 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. Twenty-one equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $658.27.

AppLovin Trading Up 7.6%

APP opened at $559.80 on Tuesday. The stock has a market capitalization of $189.18 billion, a PE ratio of 67.94, a P/E/G ratio of 2.79 and a beta of 2.50. AppLovin Corporation has a one year low of $200.50 and a one year high of $745.61. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25. The business’s 50 day moving average price is $610.56 and its 200 day moving average price is $473.83.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.11. The company had revenue of $1.41 billion for 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 company’s revenue for the quarter was up 68.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 earnings per share. AppLovin has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that AppLovin Corporation will post 6.87 EPS for the current year.

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.