Nicholas Wealth LLC. Has $1.68 Million Stake in AppLovin Corporation $APP

Nicholas Wealth LLC. lifted its stake in shares of AppLovin Corporation (NASDAQ:APP) by 20.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,801 shares of the company’s stock after acquiring an additional 822 shares during the period. AppLovin accounts for about 0.8% of Nicholas Wealth LLC.’s portfolio, making the stock its 24th largest position. Nicholas Wealth LLC.’s holdings in AppLovin were worth $1,681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Hilltop National Bank bought a new position in shares of AppLovin in the second quarter valued at $26,000. LFA Lugano Financial Advisors SA bought a new position in AppLovin in the 2nd quarter valued at about $26,000. Hoey Investments Inc. acquired a new position in AppLovin during the 2nd quarter valued at about $35,000. Trust Co. of Vermont bought a new stake in AppLovin during the second quarter worth $35,000. Finally, ORG Partners LLC lifted its stake in AppLovin by 146.5% during 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.

AppLovin Stock Performance

Shares of APP opened at $526.01 on Wednesday. AppLovin Corporation has a 52-week low of $200.50 and a 52-week high of $745.61. The stock’s 50-day simple moving average is $614.21 and its 200 day simple moving average is $467.63. 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 stock has a market capitalization of $177.77 billion, a price-to-earnings ratio of 63.84, a price-to-earnings-growth ratio of 2.89 and a beta of 2.50.

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, topping analysts’ consensus estimates of $2.34 by $0.11. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The company’s revenue for the quarter was up 68.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.29 earnings per share. 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on APP shares. Wall Street Zen downgraded AppLovin from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Royal Bank Of Canada lifted their price objective on shares of AppLovin from $700.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. UBS Group upped their price objective on AppLovin from $810.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Needham & Company LLC reissued a “hold” rating on shares of AppLovin in a research report on Tuesday, August 26th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of AppLovin in a research note on Thursday, November 13th. Twenty-one equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $658.27.

Insider Activity at AppLovin

In related news, Director Dawson Alyssa Harvey sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $589.18, for a total value of $117,836.00. Following the sale, the director directly owned 2,979 shares of the company’s stock, valued at $1,755,167.22. This trade represents a 6.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Victoria Valenzuela sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $502.23, for a total transaction of $17,578,050.00. Following the completion of the transaction, the insider directly owned 269,955 shares of the company’s stock, valued at approximately $135,579,499.65. This represents a 11.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 430,844 shares of company stock valued at $221,382,532 in the last ninety days. 13.66% of the stock is currently 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.