Davis Selected Advisers Acquires 52,062 Shares of AppLovin Corporation $APP

Davis Selected Advisers grew its holdings in AppLovin Corporation (NASDAQ:APP) by 31.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,073 shares of the company’s stock after purchasing an additional 52,062 shares during the period. Davis Selected Advisers’ holdings in AppLovin were worth $75,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vestcor Inc raised its holdings in AppLovin by 0.8% during the 1st quarter. Vestcor Inc now owns 4,108 shares of the company’s stock valued at $1,088,000 after acquiring an additional 33 shares during the period. RWA Wealth Partners LLC grew its position in shares of AppLovin by 0.4% in the second quarter. RWA Wealth Partners LLC now owns 7,680 shares of the company’s stock valued at $2,689,000 after purchasing an additional 33 shares in the last quarter. Fortitude Family Office LLC grew its position in shares of AppLovin by 32.7% in the second quarter. Fortitude Family Office LLC now owns 138 shares of the company’s stock valued at $48,000 after purchasing an additional 34 shares in the last quarter. GSG Advisors LLC raised its stake in shares of AppLovin by 0.3% during 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 during the period. Finally, PFG Advisors lifted its holdings in AppLovin by 1.2% during the 2nd quarter. PFG Advisors now owns 3,203 shares of the company’s stock worth $1,121,000 after purchasing an additional 37 shares in the last quarter. 41.85% of the stock is owned by institutional investors.

AppLovin Trading Down 4.9%

Shares of AppLovin stock opened at $556.15 on Friday. 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 cap of $188.12 billion, a PE ratio of 67.49, a PEG ratio of 3.14 and a beta of 2.50. The company has a 50 day simple moving average of $613.66 and a two-hundred day simple moving average of $459.79.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.11. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The business’s quarterly revenue was up 68.2% on a year-over-year basis. During the same quarter last year, the company posted $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. Analysts expect that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APP. Piper Sandler lifted their target price on AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Citigroup cut their price objective on shares of AppLovin from $850.00 to $820.00 and set a “buy” rating for the company in a research report on Wednesday. Royal Bank Of Canada upped their target price on shares of AppLovin from $700.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Wall Street Zen cut shares of AppLovin from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Needham & Company LLC reissued a “hold” rating on shares of AppLovin in a report on Tuesday, August 26th. Twenty-one research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $658.27.

Insider Transactions at AppLovin

In other news, CTO Vasily Shikin sold 30,000 shares of the stock in a transaction dated 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 transaction, the chief technology officer directly owned 3,360,104 shares in the company, valued at approximately $1,470,280,707.28. This represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Victoria Valenzuela sold 35,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $502.23, for a total value of $17,578,050.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 484,338 shares of company stock valued at $243,010,812 over the last quarter. 13.66% of the stock is owned by company insiders.

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.