AppLovin Corporation $APP Shares Sold by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC decreased its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 9.7% in the 2nd quarter, Holdings Channel reports. The firm owned 11,509 shares of the company’s stock after selling 1,241 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in AppLovin were worth $4,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of AppLovin by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 17,902,795 shares of the company’s stock valued at $6,267,410,000 after buying an additional 72,120 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in AppLovin by 36.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock worth $1,745,752,000 after acquiring an additional 1,769,400 shares during the last quarter. Invesco Ltd. lifted its holdings in AppLovin by 32.9% in the first quarter. Invesco Ltd. now owns 4,011,306 shares of the company’s stock worth $1,062,876,000 after acquiring an additional 992,316 shares during the last quarter. Kensico Capital Management Corp boosted its stake in AppLovin by 12.9% in the first quarter. Kensico Capital Management Corp now owns 2,879,000 shares of the company’s stock valued at $762,849,000 after acquiring an additional 328,000 shares during the period. Finally, Fred Alger Management LLC grew its holdings in shares of AppLovin by 12.0% during the first quarter. Fred Alger Management LLC now owns 2,833,792 shares of the company’s stock valued at $750,870,000 after purchasing an additional 303,063 shares during the last quarter. 41.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Oppenheimer set a $740.00 price target on AppLovin in a report on Tuesday, October 7th. Jefferies Financial Group raised their target price on AppLovin from $560.00 to $615.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Wells Fargo & Company boosted their price target on shares of AppLovin from $633.00 to $721.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Morgan Stanley increased their price objective on shares of AppLovin from $480.00 to $750.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AppLovin from $425.00 to $650.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Twenty-one equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $658.27.

Insider Buying and Selling

In other news, CFO Matthew Stumpf sold 4,884 shares of AppLovin stock in a transaction on Friday, November 21st. The stock was sold at an average price of $515.76, for a total transaction of $2,518,971.84. Following the transaction, the chief financial officer directly owned 191,161 shares in the company, valued at approximately $98,593,197.36. This trade represents a 2.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Vasily Shikin sold 27,143 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $545.38, for a total value of $14,803,249.34. Following the completion of the sale, the chief technology officer directly owned 3,323,681 shares in the company, valued at $1,812,669,143.78. This represents a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 360,542 shares of company stock valued at $208,733,493 over the last quarter. Corporate insiders own 13.66% of the company’s stock.

AppLovin Price Performance

Shares of NASDAQ APP opened at $586.37 on Thursday. The stock has a market cap of $198.16 billion, a P/E ratio of 71.16, a P/E/G ratio of 2.98 and a beta of 2.50. The firm’s 50-day simple moving average is $609.20 and its 200 day simple moving average is $476.21. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. 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) last released its earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the company earned $1.29 EPS. AppLovin’s quarterly revenue was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. Equities analysts expect that AppLovin Corporation will post 6.87 EPS for the current year.

AppLovin 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.