Calamos Advisors LLC Has $4.13 Million Stock Holdings in AppLovin Corporation $APP

Calamos Advisors LLC raised its position in AppLovin Corporation (NASDAQ:APP) by 15.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,793 shares of the company’s stock after acquiring an additional 1,590 shares during the period. Calamos Advisors LLC’s holdings in AppLovin were worth $4,128,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bailard Inc. lifted its position in shares of AppLovin by 1,579.6% during the 2nd quarter. Bailard Inc. now owns 12,731 shares of the company’s stock worth $4,457,000 after buying an additional 11,973 shares during the period. Central Asset Investments & Management Holdings HK Ltd bought a new stake in AppLovin in the second quarter valued at $497,000. Forsta AP Fonden lifted its holdings in shares of AppLovin by 26.5% during the second quarter. Forsta AP Fonden now owns 87,400 shares of the company’s stock valued at $30,597,000 after acquiring an additional 18,300 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of AppLovin in the 2nd quarter valued at $29,066,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of AppLovin by 7.6% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 331,411 shares of the company’s stock worth $116,020,000 after purchasing an additional 23,385 shares during the last quarter. Institutional investors own 41.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on APP shares. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a research report on Tuesday, August 26th. Bank of America lifted their target price on shares of 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 target on AppLovin from $740.00 to $800.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Benchmark raised their price target on AppLovin from $640.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Oppenheimer set a $740.00 price objective on AppLovin in a research note on Tuesday, October 7th. Twenty-one analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, AppLovin currently has an average rating of “Moderate Buy” and a consensus target price of $658.27.

Insider Buying and Selling

In related news, CTO Vasily Shikin sold 30,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $437.57, for a total value of $13,127,100.00. Following the completion of the sale, the chief technology officer directly owned 3,360,104 shares of the company’s stock, valued at approximately $1,470,280,707.28. This represents a 0.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Arash Adam Foroughi sold 90,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $421.04, for a total transaction of $37,893,600.00. Following the completion of the sale, the chief executive officer directly owned 2,620,054 shares of the company’s stock, valued at $1,103,147,536.16. The trade was a 3.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 484,338 shares of company stock worth $243,010,812 over the last 90 days. Company insiders own 13.66% of the company’s stock.

AppLovin Stock Performance

Shares of APP opened at $556.15 on Friday. The stock has a market capitalization of $188.12 billion, a price-to-earnings ratio of 67.49, a PEG ratio of 3.14 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 firm has a fifty day simple moving average of $613.66 and a 200 day simple moving average of $459.79. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38.

AppLovin (NASDAQ:APP) last posted its quarterly 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. 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 in the previous year, the firm earned $1.29 earnings per share. AppLovin’s revenue for the quarter was up 68.2% compared to the same quarter last year. AppLovin has set its Q4 2025 guidance at EPS. Research analysts forecast that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

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.