Westpac Banking Corp Purchases 1,014 Shares of AppLovin Corporation $APP

Westpac Banking Corp increased its position in shares of AppLovin Corporation (NASDAQ:APP) by 6.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,866 shares of the company’s stock after acquiring an additional 1,014 shares during the period. Westpac Banking Corp’s holdings in AppLovin were worth $5,554,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at AppLovin

In related news, Director Craig Scott Billings sold 2,350 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $592.92, for a total transaction of $1,393,362.00. Following the sale, the director directly owned 3,707 shares in the company, valued at approximately $2,197,954.44. The trade was a 38.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Arash Adam Foroughi sold 26,200 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $440.23, for a total value of $11,534,026.00. Following the sale, the chief executive officer directly 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 484,338 shares of company stock worth $243,010,812. Company insiders own 13.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on APP shares. Wedbush boosted their price target on shares of AppLovin from $745.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. The Goldman Sachs Group lifted their target price on shares of AppLovin from $630.00 to $720.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. BTIG Research boosted their target price on AppLovin from $693.00 to $705.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Deutsche Bank Aktiengesellschaft set a $705.00 price target on AppLovin and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of AppLovin in a research report on Thursday. Twenty-one research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $658.27.

AppLovin Trading Up 0.3%

Shares of APP opened at $557.70 on Friday. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. The business has a 50-day moving average of $615.01 and a 200 day moving average of $462.90. The firm has a market cap of $188.47 billion, a P/E ratio of 67.68, a price-to-earnings-growth ratio of 2.99 and a beta of 2.50. 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 posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.11. The company 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 quarterly revenue was up 68.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 earnings per share. AppLovin has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that AppLovin Corporation will post 6.87 EPS 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.