Westerkirk Capital Inc. Purchases Shares of 5,990 AppLovin Corporation $APP

Westerkirk Capital Inc. acquired a new stake in shares of AppLovin Corporation (NASDAQ:APP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,990 shares of the company’s stock, valued at approximately $2,097,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APP. Hilltop National Bank purchased a new position in shares of AppLovin during the 2nd quarter valued at $26,000. LFA Lugano Financial Advisors SA bought a new stake in AppLovin during the second quarter worth approximately $26,000. SouthState Corp bought a new position in AppLovin in the 1st quarter worth $29,000. Hoey Investments Inc. acquired a new position in shares of AppLovin during the 2nd quarter worth about $35,000. Finally, Trust Co. of Vermont acquired a new position in shares of AppLovin during the second quarter worth approximately $35,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

AppLovin Trading Up 4.0%

Shares of AppLovin stock opened at $623.59 on Tuesday. AppLovin Corporation has a 12-month low of $200.50 and a 12-month high of $745.61. The stock has a market capitalization of $210.75 billion, a P/E ratio of 75.68, a price-to-earnings-growth ratio of 3.22 and a beta of 2.50. The company has a 50-day simple moving average of $607.13 and a 200 day simple moving average of $482.03. 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 quarterly earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.11. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The company’s revenue for the quarter was up 68.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.29 earnings per share. AppLovin has set its Q4 2025 guidance at EPS. Research analysts expect that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AppLovin news, Director Eduardo Vivas sold 150,000 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $650.91, for a total value of $97,636,500.00. Following the transaction, the director owned 7,133,292 shares of the company’s stock, valued at approximately $4,643,131,095.72. The trade was a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Victoria Valenzuela sold 35,000 shares of the 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 owned 269,955 shares in the company, valued at $135,579,499.65. The trade was a 11.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 367,927 shares of company stock valued at $212,707,362 over the last quarter. 13.66% of the stock is owned by insiders.

Analysts Set New Price Targets

APP has been the topic of several research reports. Scotiabank boosted their price objective on shares of AppLovin from $575.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Benchmark upped their price target on AppLovin from $640.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft set a $705.00 price objective on AppLovin and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. UBS Group boosted their price objective on AppLovin from $810.00 to $840.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Wells Fargo & Company raised their target price on AppLovin from $633.00 to $721.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Twenty-one investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $658.27.

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.