Stephens Inc. AR Cuts Stake in AppLovin Corporation $APP

Stephens Inc. AR lessened its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 25.2% during the 1st quarter, Holdings Channel reports. The firm owned 7,554 shares of the company’s stock after selling 2,550 shares during the period. Stephens Inc. AR’s holdings in AppLovin were worth $3,006,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC bought a new position in AppLovin during the fourth quarter valued at approximately $294,000. Bison Wealth LLC purchased a new stake in shares of AppLovin during the 4th quarter worth approximately $239,000. Integrated Wealth Concepts LLC boosted its position in shares of AppLovin by 58.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,692 shares of the company’s stock valued at $448,000 after acquiring an additional 621 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of AppLovin by 5.7% during the 2nd quarter. NewEdge Advisors LLC now owns 14,523 shares of the company’s stock valued at $5,084,000 after acquiring an additional 782 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of AppLovin by 7.2% in the second quarter. Treasurer of the State of North Carolina now owns 139,189 shares of the company’s stock valued at $48,727,000 after purchasing an additional 9,380 shares in the last quarter. 41.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on APP. Weiss Ratings cut shares of AppLovin from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Wedbush restated an “outperform” rating and set a $640.00 price objective on shares of AppLovin in a research report on Thursday, May 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 price objective on shares of AppLovin in a research note on Thursday, May 28th. Wells Fargo & Company increased their price target on AppLovin from $571.00 to $575.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Morgan Stanley restated an “overweight” rating on shares of AppLovin in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $668.45.

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 Trading Down 1.1%

APP stock opened at $522.18 on Thursday. The company has a market capitalization of $175.42 billion, a PE ratio of 44.86, a P/E/G ratio of 0.85 and a beta of 2.49. AppLovin Corporation has a 12 month low of $332.32 and a 12 month high of $745.61. The firm’s 50-day moving average is $506.46 and its 200 day moving average is $500.51. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.24 and a quick ratio of 3.24.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, May 6th. The company reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.12. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.77 billion. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The firm’s quarterly revenue was up 58.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 EPS. On average, research analysts anticipate that AppLovin Corporation will post 15.93 EPS for the current year.

Insider Activity at AppLovin

In other AppLovin news, insider Victoria Valenzuela sold 20,000 shares of AppLovin stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $565.89, for a total transaction of $11,317,800.00. Following the completion of the sale, the insider directly owned 243,961 shares of the company’s stock, valued at $138,055,090.29. The trade was a 7.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Arash Adam Foroughi sold 33,042 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $486.95, for a total value of $16,089,801.90. Following the transaction, the chief executive officer directly owned 2,369,351 shares in the company, valued at $1,153,755,469.45. The trade was a 1.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 393,000 shares of company stock worth $197,297,363 over the last three months. Corporate insiders own 13.66% of the company’s stock.

About AppLovin

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.