Key Points
- Insider sale: Director Dawson Alyssa Harvey sold 150 shares on Dec. 8 at an average price of $693.32 for $103,998, trimming her stake by 5.04% to 2,829 shares (about $1.96M), per an SEC filing.
- Earnings beat and growth: AppLovin topped Q results with EPS of $2.45 vs. $2.34 expected and revenue of $1.41B (up 68.2% year‑over‑year), reporting a net margin of 51.27%.
- Market and analyst backdrop: The stock is trading near its 52‑week high, is heavily held by institutions, and carries a consensus "Moderate Buy" from analysts with a price target around $683.60.
AppLovin Corporation (NASDAQ:APP - Get Free Report) Director Dawson Alyssa Harvey sold 150 shares of the business's stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $693.32, for a total value of $103,998.00. Following the sale, the director directly owned 2,829 shares in the company, valued at approximately $1,961,402.28. The trade was a 5.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Dawson Alyssa Harvey also recently made the following trade(s):
- On Wednesday, November 12th, Dawson Alyssa Harvey sold 200 shares of AppLovin stock. The shares were sold at an average price of $589.18, for a total value of $117,836.00.
AppLovin Trading Up 1.0%
Shares of AppLovin stock opened at $710.26 on Thursday. The business has a fifty day simple moving average of $608.54 and a 200-day simple moving average of $497.18. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. The firm has a market cap of $240.03 billion, a price-to-earnings ratio of 85.32, a price-to-earnings-growth ratio of 3.89 and a beta of 2.51. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38.
AppLovin (NASDAQ:APP - Get Free Report) last released its 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. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company earned $1.29 earnings per share. AppLovin's revenue was up 68.2% compared to the same quarter last year. On average, equities analysts forecast that AppLovin Corporation will post 6.87 EPS for the current fiscal year.
Institutional Investors Weigh In On AppLovin
A number of institutional investors have recently bought and sold shares of APP. Vanguard Group Inc. lifted its position in shares of AppLovin by 39.4% in the third quarter. Vanguard Group Inc. now owns 24,954,458 shares of the company's stock worth $17,930,776,000 after purchasing an additional 7,051,663 shares in the last quarter. State Street Corp increased its stake in AppLovin by 111.1% in the 3rd quarter. State Street Corp now owns 11,852,466 shares of the company's stock valued at $8,516,471,000 after buying an additional 6,237,051 shares during the period. Norges Bank purchased a new stake in AppLovin in the 2nd quarter worth approximately $951,541,000. Rakuten Investment Management Inc. purchased a new stake in AppLovin in the 3rd quarter worth approximately $1,456,108,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of AppLovin by 36.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company's stock valued at $1,745,752,000 after buying an additional 1,769,400 shares during the period. 41.85% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
APP has been the subject of several recent research reports. BTIG Research increased their target price on shares of AppLovin from $693.00 to $705.00 and gave the company a "buy" rating in a research note on Thursday, November 6th. Deutsche Bank Aktiengesellschaft set a $705.00 price target on AppLovin and gave the company a "buy" rating in a report on Wednesday, October 22nd. Bank of America raised their price objective on AppLovin from $580.00 to $860.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. The Goldman Sachs Group lifted their target price on AppLovin from $630.00 to $720.00 and gave the stock a "neutral" rating in a report on Friday, November 7th. Finally, Oppenheimer set a $740.00 target price on AppLovin in a report on Tuesday, October 7th. Nineteen 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 has a consensus rating of "Moderate Buy" and a consensus price target of $683.60.
View Our Latest Stock Analysis on AppLovin
About AppLovin
(
Get Free Report)
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.
Further Reading
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