Cozad Asset Management Inc. Buys 2,526 Shares of AppLovin Corporation $APP

Cozad Asset Management Inc. grew its stake in shares of AppLovin Corporation (NASDAQ:APP) by 6.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,459 shares of the company’s stock after buying an additional 2,526 shares during the quarter. AppLovin accounts for 1.3% of Cozad Asset Management Inc.’s investment portfolio, making the stock its 17th biggest position. Cozad Asset Management Inc.’s holdings in AppLovin were worth $15,214,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APP. Vestcor Inc raised its position in AppLovin by 0.8% during the first quarter. Vestcor Inc now owns 4,108 shares of the company’s stock valued at $1,088,000 after purchasing an additional 33 shares in the last quarter. RWA Wealth Partners LLC increased its position in shares of AppLovin by 0.4% during the 2nd quarter. RWA Wealth Partners LLC now owns 7,680 shares of the company’s stock valued at $2,689,000 after purchasing an additional 33 shares during the last quarter. Fortitude Family Office LLC lifted its position in AppLovin by 32.7% in the 2nd quarter. Fortitude Family Office LLC now owns 138 shares of the company’s stock worth $48,000 after buying an additional 34 shares during the last quarter. GSG Advisors LLC lifted its position in AppLovin by 0.3% in the 1st quarter. GSG Advisors LLC now owns 10,256 shares of the company’s stock worth $2,820,000 after buying an additional 35 shares during the last quarter. Finally, PFG Advisors boosted its stake in AppLovin by 1.2% in the second quarter. PFG Advisors now owns 3,203 shares of the company’s stock worth $1,121,000 after buying an additional 37 shares in the last quarter. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

AppLovin Stock Down 0.1%

NASDAQ APP opened at $520.26 on Friday. AppLovin Corporation has a 1 year low of $200.50 and a 1 year high of $745.61. The stock has a market capitalization of $175.82 billion, a PE ratio of 63.14, a PEG ratio of 2.79 and a beta of 2.50. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. The business’s 50-day moving average is $611.23 and its 200 day moving average is $469.95.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.11. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The business’s revenue was up 68.2% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that AppLovin Corporation will post 6.87 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Craig Scott Billings sold 2,350 shares of AppLovin stock in a transaction on Friday, November 7th. The shares were sold at an average price of $592.92, for a total value of $1,393,362.00. Following the sale, the director owned 3,707 shares in the company, valued at $2,197,954.44. The trade was a 38.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dawson Alyssa Harvey sold 200 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $589.18, for a total transaction of $117,836.00. Following the transaction, the director directly owned 2,979 shares in the company, valued at approximately $1,755,167.22. The trade was a 6.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 202,900 shares of company stock worth $123,646,538. Insiders own 13.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $705.00 price objective on shares of AppLovin and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Wells Fargo & Company boosted their price target on shares of AppLovin from $633.00 to $721.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Piper Sandler raised their price objective on AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. The Goldman Sachs Group lifted their price objective on AppLovin from $630.00 to $720.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Finally, Phillip Securities upgraded AppLovin to a “moderate buy” rating in a report on Monday, September 29th. Twenty-one research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $658.27.

AppLovin Company 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.