Savant Capital LLC Has $1.02 Million Position in AppLovin Corporation $APP

Savant Capital LLC lessened its position in AppLovin Corporation (NASDAQ:APP) by 72.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,925 shares of the company’s stock after selling 7,722 shares during the quarter. Savant Capital LLC’s holdings in AppLovin were worth $1,024,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Legal Advantage Investments Inc. bought a new position in shares of AppLovin in the 2nd quarter valued at about $1,523,000. Aberdeen Group plc boosted its position in AppLovin by 6.5% during the second quarter. Aberdeen Group plc now owns 114,180 shares of the company’s stock valued at $39,972,000 after purchasing an additional 7,001 shares during the last quarter. Park Avenue Securities LLC grew its stake in AppLovin by 30.6% in the second quarter. Park Avenue Securities LLC now owns 20,890 shares of the company’s stock valued at $7,313,000 after purchasing an additional 4,890 shares in the last quarter. IFM Investors Pty Ltd grew its stake in AppLovin by 15.6% in the second quarter. IFM Investors Pty Ltd now owns 45,209 shares of the company’s stock valued at $15,827,000 after purchasing an additional 6,104 shares in the last quarter. Finally, Lee Johnson Capital Management LLC increased its position in shares of AppLovin by 13.6% during the 2nd quarter. Lee Johnson Capital Management LLC now owns 12,449 shares of the company’s stock worth $4,358,000 after purchasing an additional 1,491 shares during the last quarter. Institutional investors own 41.85% of the company’s stock.

Insider Buying and Selling at AppLovin

In other AppLovin news, CEO Arash Adam Foroughi sold 26,200 shares of the 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 transaction, the chief executive officer owned 2,590,054 shares in the company, valued at $1,140,219,472.42. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Victoria Valenzuela sold 35,000 shares of AppLovin stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $502.23, for a total value of $17,578,050.00. Following the sale, the insider directly owned 269,955 shares of the company’s stock, valued at $135,579,499.65. This represents a 11.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 484,338 shares of company stock worth $243,010,812 in the last 90 days. Company insiders own 13.66% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft set a $705.00 price objective on AppLovin and gave the company a “buy” rating in a report on Wednesday, October 22nd. Wedbush increased their price target on shares of AppLovin from $745.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Scotiabank boosted their price objective on shares of AppLovin from $575.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Zacks Research cut shares of AppLovin from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Piper Sandler lifted their price target on AppLovin from $740.00 to $800.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Twenty-one investment 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’s stock. According to data from MarketBeat.com, AppLovin presently has a consensus rating of “Moderate Buy” and an average target price of $658.27.

AppLovin Stock Performance

Shares of APP stock opened at $556.15 on Friday. AppLovin Corporation has a 52 week low of $200.50 and a 52 week high of $745.61. The company has a market capitalization of $188.12 billion, a price-to-earnings ratio of 67.49, a PEG ratio of 3.14 and a beta of 2.50. The company has a 50-day simple moving average of $613.66 and a 200 day simple moving average of $459.79. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25.

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

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.