Los Angeles Capital Management LLC Increases Position in AppLovin Corporation $APP

Los Angeles Capital Management LLC increased its stake in shares of AppLovin Corporation (NASDAQ:APP) by 47.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,581 shares of the company’s stock after buying an additional 44,427 shares during the quarter. Los Angeles Capital Management LLC’s holdings in AppLovin were worth $48,164,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC acquired a new stake in shares of AppLovin during the fourth quarter worth $294,000. Bison Wealth LLC purchased a new position in AppLovin during the 4th quarter worth $239,000. Stratos Wealth Partners LTD. lifted its stake in shares of AppLovin by 5.4% in the 1st quarter. Stratos Wealth Partners LTD. now owns 8,601 shares of the company’s stock worth $2,279,000 after acquiring an additional 441 shares during the period. Cornerstone Planning Group LLC boosted its holdings in shares of AppLovin by 428.0% in the first quarter. Cornerstone Planning Group LLC now owns 132 shares of the company’s stock valued at $33,000 after acquiring an additional 107 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of AppLovin by 43.6% during the first quarter. Nisa Investment Advisors LLC now owns 19,510 shares of the company’s stock worth $5,170,000 after acquiring an additional 5,926 shares during the period. 41.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on APP shares. Wells Fargo & Company raised their price objective on shares of AppLovin from $633.00 to $721.00 and gave the company an “overweight” rating in a research report on Friday. Bank of America lifted their price target on AppLovin from $580.00 to $860.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Piper Sandler increased their price objective on AppLovin from $740.00 to $800.00 and gave the stock an “overweight” rating in a research report on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of AppLovin in a research note on Tuesday, August 26th. 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 research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $659.64.

Insider Buying and Selling at AppLovin

In related news, insider Victoria Valenzuela sold 35,000 shares of the 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 completion of the sale, the insider directly owned 269,955 shares in the company, valued at approximately $135,579,499.65. This represents a 11.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dawson Alyssa Harvey sold 350 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $487.97, for a total value of $170,789.50. Following the transaction, the director directly owned 3,150 shares in the company, valued at $1,537,105.50. This trade represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,159,138 shares of company stock worth $516,256,695. 13.66% of the stock is currently owned by company insiders.

AppLovin Stock Performance

NASDAQ:APP opened at $619.93 on Friday. AppLovin Corporation has a twelve month low of $200.50 and a twelve month high of $745.61. The company has a market capitalization of $209.69 billion, a P/E ratio of 75.23, a price-to-earnings-growth ratio of 3.34 and a beta of 2.50. The company has a current ratio of 3.25, a quick ratio of 2.74 and a debt-to-equity ratio of 2.38. The firm has a 50-day moving average price of $604.87 and a two-hundred day moving average price of $450.40.

AppLovin (NASDAQ:APP) last posted 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. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. As a group, research analysts expect that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

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.