Claro Advisors LLC Decreases Stock Holdings in AppLovin Corporation $APP

Claro Advisors LLC lowered its holdings in AppLovin Corporation (NASDAQ:APP) by 63.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 627 shares of the company’s stock after selling 1,112 shares during the quarter. Claro Advisors LLC’s holdings in AppLovin were worth $220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in APP. Revolve Wealth Partners LLC purchased a new stake in AppLovin during the 4th quarter worth $294,000. Bison Wealth LLC acquired a new position in shares of AppLovin during the fourth quarter worth about $239,000. Principal Financial Group Inc. boosted its position in shares of AppLovin by 33.5% in the first quarter. Principal Financial Group Inc. now owns 78,928 shares of the company’s stock worth $20,914,000 after buying an additional 19,822 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of AppLovin by 5.4% in the first quarter. Stratos Wealth Partners LTD. now owns 8,601 shares of the company’s stock worth $2,279,000 after buying an additional 441 shares during the period. Finally, Cornerstone Planning Group LLC grew its stake in shares of AppLovin by 428.0% in the first quarter. Cornerstone Planning Group LLC now owns 132 shares of the company’s stock valued at $33,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.

AppLovin Stock Up 0.7%

APP stock opened at $621.36 on Friday. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 3.01. The firm has a 50 day simple moving average of $602.04 and a 200-day simple moving average of $447.68. The company has a market capitalization of $210.18 billion, a P/E ratio of 75.41, a PEG ratio of 3.35 and a beta of 2.50. AppLovin Corporation has a twelve month low of $200.50 and a twelve month high of $745.61.

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. AppLovin had a net margin of 51.27% and a return on equity of 294.76%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted $1.29 earnings per share. The firm’s quarterly revenue was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Zacks Research lowered AppLovin from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. UBS Group increased their price objective on shares of AppLovin from $810.00 to $840.00 and gave the company a “buy” rating in a research report on Thursday. Needham & Company LLC reissued a “hold” rating on shares of AppLovin in a research report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft set a $705.00 target price on shares of AppLovin and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company lifted their price target on shares of AppLovin from $491.00 to $633.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $635.39.

Insider Activity at AppLovin

In other news, CEO Arash Adam Foroughi sold 26,200 shares of the stock in a transaction dated Friday, August 22nd. The shares were 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 of the company’s stock, valued at approximately $1,140,219,472.42. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $17,578,050.00. Following the completion of the sale, the insider directly owned 269,955 shares of the company’s stock, valued at approximately $135,579,499.65. This represents a 11.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,156,788 shares of company stock worth $514,863,333. Company insiders own 13.66% of the company’s stock.

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.