Retirement Systems of Alabama raised its stake in shares of AppLovin Corporation (NASDAQ:APP – Free Report) by 103.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,059 shares of the company’s stock after buying an additional 58,541 shares during the period. Retirement Systems of Alabama’s holdings in AppLovin were worth $33,417,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. boosted its position in AppLovin by 25.4% during the third quarter. University of Texas Texas AM Investment Management Co. now owns 8,195 shares of the company’s stock worth $2,380,000 after purchasing an additional 1,659 shares during the period. Paragon Advisors LLC raised its position in shares of AppLovin by 32.1% in the third quarter. Paragon Advisors LLC now owns 6,167 shares of the company’s stock valued at $1,791,000 after purchasing an additional 1,498 shares during the period. Avantax Planning Partners Inc. bought a new position in shares of AppLovin in the third quarter valued at approximately $1,099,000. Brighton Jones LLC raised its position in shares of AppLovin by 56.8% in the third quarter. Brighton Jones LLC now owns 2,129 shares of the company’s stock valued at $618,000 after purchasing an additional 771 shares during the period. Finally, Candriam S.C.A. lifted its stake in shares of AppLovin by 25.7% in the third quarter. Candriam S.C.A. now owns 43,274 shares of the company’s stock worth $12,568,000 after buying an additional 8,838 shares during the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.
AppLovin Stock Down 3.5%
Shares of APP stock opened at $395.51 on Wednesday. AppLovin Corporation has a 12 month low of $225.19 and a 12 month high of $738.01. The firm has a market cap of $132.36 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 0.83 and a beta of 2.51. The stock has a 50 day moving average of $296.87 and a 200-day moving average of $408.66. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 1.07.
AppLovin (NASDAQ:APP – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $4.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.27. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.07 billion. AppLovin had a net margin of 65.89% and a return on equity of 182.97%. AppLovin’s quarterly revenue was up 55.5% on a year-over-year basis. During the same quarter last year, the company posted $2.45 earnings per share. On average, equities analysts predict that AppLovin Corporation will post 16.25 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on APP shares. Citigroup decreased their price objective on shares of AppLovin from $600.00 to $500.00 and set a “buy” rating for the company in a report on Monday, October 19th. Benchmark dropped their target price on shares of AppLovin from $500.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, August 17th. Wedbush boosted their target price on shares of AppLovin from $560.00 to $600.00 and gave the stock an “outperform” rating in a research report on Thursday, November 5th. The Goldman Sachs Group upped their price target on shares of AppLovin from $400.00 to $445.00 and gave the company a “neutral” rating in a report on Thursday, November 5th. Finally, Wells Fargo & Company upped their price target on shares of AppLovin from $325.00 to $347.00 and gave the company an “equal weight” rating in a report on Friday, November 6th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $497.93.
Get Our Latest Analysis on APP
AppLovin News Summary
Here are the key news stories impacting AppLovin this week:
- Positive Sentiment: AppLovin reported third-quarter revenue of $2.18 billion, up 55.5% year over year, and earnings per share of $4.30, above the $4.03 consensus estimate. Coverage also highlighted upbeat fourth-quarter guidance and triple-digit growth in e-commerce advertiser spending, reinforcing the growth case. Article: AppLovin: 3 Key Takeaways for Long-Term Investors
- Neutral Sentiment: Recent commentary suggests investors are weighing the pace and durability of growth—not just the roughly 50% year-over-year revenue increase—including quarter-to-quarter trends and elevated expectations after the post-earnings rally. Article: AppLovin stock volatility and revenue growth
- Negative Sentiment: Multiple law firms publicized a securities class action and a November 16 lead-plaintiff deadline. The lawsuit alleges AppLovin misled investors about the readiness, adoption, and consistency of improvements in its AI models and self-service advertising tools. These are allegations, not proven findings, but the litigation and related credibility concerns could weigh on sentiment. Article: AppLovin Facing Securities Fraud Class Action
About AppLovin
AppLovin is a technology company that provides software to help mobile app developers and advertisers grow their businesses. Its platform connects advertisers seeking users with app publishers looking to monetize their audiences, using data and machine-learning tools to support advertising and user acquisition. The company’s products include AXON, its advertising optimization engine; AppDiscovery, which helps advertisers find and acquire users; and MAX, a platform for managing in-app advertising.
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