Profund Advisors LLC Purchases 2,804 Shares of AppLovin Corporation $APP

Profund Advisors LLC raised its position in shares of AppLovin Corporation (NASDAQ:APP) by 14.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 22,889 shares of the company’s stock after purchasing an additional 2,804 shares during the quarter. Profund Advisors LLC’s holdings in AppLovin were worth $8,013,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of APP. Hilltop National Bank purchased a new position in shares of AppLovin in the 2nd quarter worth $26,000. LFA Lugano Financial Advisors SA bought a new stake in shares of AppLovin during the 2nd quarter worth approximately $26,000. SouthState Corp purchased a new stake in shares of AppLovin during the first quarter valued at $29,000. Hoey Investments Inc. bought a new position in shares of AppLovin in the second quarter worth about $35,000. Finally, Trust Co. of Vermont purchased a new position in AppLovin in the 2nd quarter worth about $35,000. 41.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APP. Piper Sandler lifted their price target on AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a report on Thursday. Wedbush lifted their price objective on shares of AppLovin from $745.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday. Phillip Securities raised AppLovin to a “moderate buy” rating in a report on Monday, September 29th. The Goldman Sachs Group upped their target price on AppLovin from $630.00 to $720.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Oppenheimer set a $740.00 price objective on shares of AppLovin in a report on Tuesday, October 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $659.64.

AppLovin Trading Down 0.2%

Shares of AppLovin stock opened at $619.93 on Monday. The firm has a 50-day simple moving average of $604.87 and a two-hundred day simple moving average of $453.29. 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 Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. The company has a market cap of $209.69 billion, a P/E ratio of 75.23, a price-to-earnings-growth ratio of 3.33 and a beta of 2.50.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.11. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The business’s revenue 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. As a group, equities analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Victoria Valenzuela sold 35,000 shares of the firm’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 transaction, the insider directly owned 269,955 shares of the company’s stock, valued at approximately $135,579,499.65. This trade represents a 11.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Herald Y. Chen sold 200,000 shares of AppLovin stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $432.49, for a total value of $86,498,000.00. Following the completion of the sale, the director directly owned 181,929 shares in the company, valued at $78,682,473.21. This represents a 52.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,159,138 shares of company stock worth $516,256,695. Company insiders own 13.66% of the company’s stock.

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.