AppLovin Corporation (NASDAQ:APP - Get Free Report) Director Maynard Webb, Jr. sold 3,076 shares of the company's stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $521.29, for a total value of $1,603,488.04. Following the sale, the director directly owned 120,444 shares in the company, valued at $62,786,252.76. This trade represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
AppLovin Stock Performance
AppLovin stock opened at $522.18 on Thursday. The company's 50-day moving average price is $506.46 and its 200-day moving average price is $500.51. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.49. The company has a market cap of $175.42 billion, a PE ratio of 44.86, a price-to-earnings-growth ratio of 0.85 and a beta of 2.49. AppLovin Corporation has a twelve month low of $332.32 and a twelve month high of $745.61.
AppLovin (NASDAQ:APP - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $3.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.44 by $0.12. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.77 billion. AppLovin had a return on equity of 219.37% and a net margin of 64.29%.The company's quarterly revenue was up 58.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 earnings per share. On average, equities research analysts forecast that AppLovin Corporation will post 15.93 EPS for the current fiscal year.
Institutional Investors Weigh In On AppLovin
Large investors have recently made changes to their positions in the stock. Revolve Wealth Partners LLC acquired a new stake in AppLovin during the 4th quarter worth about $294,000. Bison Wealth LLC acquired a new stake in AppLovin during the fourth quarter valued at $239,000. Integrated Wealth Concepts LLC raised its position in shares of AppLovin by 58.0% in the first quarter. Integrated Wealth Concepts LLC now owns 1,692 shares of the company's stock worth $448,000 after acquiring an additional 621 shares during the period. NewEdge Advisors LLC increased its stake in shares of AppLovin by 5.7% in the 2nd quarter. NewEdge Advisors LLC now owns 14,523 shares of the company's stock valued at $5,084,000 after purchasing an additional 782 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in AppLovin by 7.2% during the second quarter. Treasurer of the State of North Carolina now owns 139,189 shares of the company's stock worth $48,727,000 after purchasing an additional 9,380 shares in the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on APP shares. Needham & Company LLC reissued a "buy" rating and set a $700.00 target price on shares of AppLovin in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on AppLovin from $500.00 to $515.00 and gave the stock a "neutral" rating in a report on Thursday, May 7th. Weiss Ratings lowered AppLovin from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, May 7th. KeyCorp set a $775.00 target price on shares of AppLovin in a report on Wednesday, June 10th. Finally, Benchmark reaffirmed a "buy" rating on shares of AppLovin in a research report on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, AppLovin presently has a consensus rating of "Moderate Buy" and a consensus target price of $668.45.
View Our Latest Report on APP
Key Headlines Impacting AppLovin
Here are the key news stories impacting AppLovin this week:
- Positive Sentiment: Wells Fargo raised its price target on AppLovin to $575 from $571 and kept an overweight rating, suggesting upside from current levels. Benzinga report
- Positive Sentiment: Recent commentary highlighted AppLovin’s strong operating momentum, including 59% revenue growth in the latest quarter, expanding margins, and continued strength from its AI-driven ad platform. Seeking Alpha article
- Neutral Sentiment: Analysts and market commentary continue to debate whether AppLovin’s recent pullback has created a buying opportunity, with some noting the stock still trades at a premium valuation. Zacks article
- Negative Sentiment: Director Maynard G. Webb, Jr. sold 3,076 shares worth about $1.6 million, a transaction that may be read as insider caution even though he still owns a large stake. SEC filing
- Negative Sentiment: Bearish articles noted that AppLovin has been volatile after a strong multi-year run, and one piece suggested a downgrade could be near, which may be weighing on sentiment. Seeking Alpha article
AppLovin Company Profile
(
Get Free Report)
AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin's technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.
Key components of AppLovin's offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.
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