Rathbones Group PLC Takes $223,000 Position in AppLovin Corporation $APP

Rathbones Group PLC bought a new stake in shares of AppLovin Corporation (NASDAQ:APP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 637 shares of the company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Campbell & CO Investment Adviser LLC bought a new position in shares of AppLovin during the 2nd quarter worth approximately $620,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in AppLovin by 10.6% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 237,971 shares of the company’s stock worth $83,309,000 after purchasing an additional 22,859 shares during the last quarter. Aviva PLC increased its position in shares of AppLovin by 44.8% during the second quarter. Aviva PLC now owns 174,904 shares of the company’s stock worth $61,230,000 after purchasing an additional 54,133 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of AppLovin by 47.7% during the 2nd quarter. Los Angeles Capital Management LLC now owns 137,581 shares of the company’s stock valued at $48,164,000 after purchasing an additional 44,427 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its position in shares of AppLovin by 34.7% in the 2nd quarter. Prospera Financial Services Inc now owns 14,271 shares of the company’s stock worth $4,996,000 after purchasing an additional 3,675 shares in the last quarter. 41.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APP. Morgan Stanley upped their target price on AppLovin from $480.00 to $750.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Wedbush boosted their target price on shares of AppLovin from $745.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. BTIG Research raised their price target on shares of AppLovin from $693.00 to $705.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wells Fargo & Company boosted their price objective on shares of AppLovin from $633.00 to $721.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Citigroup raised their target price on AppLovin from $600.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Twenty-one analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $659.64.

AppLovin Trading Down 8.7%

APP stock opened at $594.91 on Wednesday. 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 Corporation has a 52-week low of $200.50 and a 52-week high of $745.61. The company’s 50-day simple moving average is $610.59 and its 200-day simple moving average is $458.23. The firm has a market cap of $201.23 billion, a P/E ratio of 72.20, a PEG ratio of 3.48 and a beta of 2.50.

AppLovin (NASDAQ:APP) last issued its quarterly 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. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.AppLovin’s revenue for the quarter was up 68.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.29 earnings per share. AppLovin has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Victoria Valenzuela sold 35,000 shares of the business’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $502.23, for a total transaction of $17,578,050.00. Following the completion of the sale, the insider owned 269,955 shares of the company’s stock, valued at $135,579,499.65. The trade was a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Arash Adam Foroughi sold 26,200 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $440.23, for a total transaction of $11,534,026.00. Following the sale, the chief executive officer directly owned 2,590,054 shares of the company’s stock, valued at $1,140,219,472.42. The trade was a 1.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 634,138 shares of company stock valued at $275,386,598. 13.66% of the stock is owned by company insiders.

About AppLovin

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.