Navellier & Associates Inc. Sells 14,312 Shares of AppLovin Corporation $APP

Navellier & Associates Inc. trimmed its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 58.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,053 shares of the company’s stock after selling 14,312 shares during the period. Navellier & Associates Inc.’s holdings in AppLovin were worth $5,180,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of AppLovin by 0.4% during the fourth quarter. State Street Corp now owns 11,904,843 shares of the company’s stock valued at $8,021,721,000 after acquiring an additional 52,377 shares in the last quarter. Geode Capital Management LLC boosted its stake in AppLovin by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 7,167,003 shares of the company’s stock worth $4,817,269,000 after purchasing an additional 448,005 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in AppLovin by 3.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,089,735 shares of the company’s stock worth $4,103,386,000 after purchasing an additional 212,349 shares in the last quarter. Morgan Stanley grew its position in AppLovin by 10.7% during the 4th quarter. Morgan Stanley now owns 5,561,646 shares of the company’s stock valued at $3,747,551,000 after purchasing an additional 538,806 shares during the last quarter. Finally, WCM Investment Management LLC grew its position in AppLovin by 5.2% during the 1st quarter. WCM Investment Management LLC now owns 5,001,600 shares of the company’s stock valued at $1,860,995,000 after purchasing an additional 245,290 shares during the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Insider Transactions at AppLovin

In other news, Director Maynard G. Webb, Jr. sold 3,076 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $521.29, for a total value of $1,603,488.04. Following the transaction, the director directly owned 120,444 shares in the company, valued at $62,786,252.76. This trade represents a 2.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Victoria Valenzuela sold 20,000 shares of AppLovin stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $565.89, for a total value of $11,317,800.00. Following the completion of the sale, the insider directly owned 243,961 shares of the company’s stock, valued at $138,055,090.29. The trade was a 7.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 294,228 shares of company stock valued at $148,403,985 over the last 90 days. 12.81% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

APP has been the subject of several recent analyst reports. Needham & Company LLC decreased their target price on shares of AppLovin from $500.00 to $475.00 and set a “buy” rating for the company in a report on Wednesday. KeyCorp set a $775.00 price target on shares of AppLovin in a report on Wednesday, June 10th. The Goldman Sachs Group reduced their price target on shares of AppLovin from $585.00 to $465.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of AppLovin from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Finally, Piper Sandler decreased their price target on AppLovin from $385.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, August 21st. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $552.74.

AppLovin Stock Performance

Shares of APP stock opened at $317.76 on Friday. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average price of $409.53 and a 200-day moving average price of $444.27. AppLovin Corporation has a 52 week low of $297.50 and a 52 week high of $745.61. The firm has a market capitalization of $106.34 billion, a PE ratio of 24.42, a P/E/G ratio of 0.63 and a beta of 2.54.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.76. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm earned $2.39 earnings per share. The firm’s revenue for the quarter was up 52.8% compared to the same quarter last year. As a group, equities research analysts expect that AppLovin Corporation will post 15.53 earnings per share for the current year.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Options activity was unusually heavy, with traders purchasing 47,438 call options—about 32% above the average call volume. The activity may indicate renewed speculative interest or expectations for a recovery, although options flow is not a definitive forecast. Do Options Traders Know Something About AppLovin Stock We Don’t?
• Positive Sentiment: AppLovin’s valuation has become more supportable after a roughly 54% year-to-date selloff. Its reported fundamentals remain strong, including 52.8% year-over-year revenue growth, a high net margin and substantial cash generation, helping fuel the value-oriented rebound thesis. AppLovin Rises After Year-to-Date Slide
• Neutral Sentiment: A comparison with Meta Platforms highlights AppLovin’s faster percentage growth but Meta’s much larger scale. Investors are assessing whether AppLovin can sustain its growth advantage.
• Negative Sentiment: Needham & Company lowered its expectations for AppLovin’s stock price, potentially limiting the recovery and reinforcing concerns about valuation or future growth.
• Negative Sentiment: Recent analysis emphasizes that AppLovin has historically experienced sharper declines than the broader market. Another comparison found Coherent more attractive based on faster expected growth, stronger earnings-estimate momentum and a lower valuation, despite AppLovin’s superior margins and cash flow. AppLovin Stock Has Already Taken a Shock-Sized Fall

AppLovin Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.