TimesSquare Capital Management LLC Has $90.90 Million Stock Holdings in AppLovin Corporation $APP

TimesSquare Capital Management LLC decreased its position in shares of AppLovin Corporation (NASDAQ:APP) by 19.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 259,661 shares of the company’s stock after selling 61,714 shares during the quarter. AppLovin comprises approximately 1.3% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding. TimesSquare Capital Management LLC’s holdings in AppLovin were worth $90,902,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Hilltop National Bank acquired a new stake in AppLovin during the 2nd quarter worth $26,000. LFA Lugano Financial Advisors SA acquired a new position in shares of AppLovin in the second quarter valued at approximately $26,000. SouthState Corp acquired a new stake in shares of AppLovin during the first quarter worth $29,000. Hoey Investments Inc. acquired a new position in AppLovin in the 2nd quarter worth $35,000. Finally, Trust Co. of Vermont bought a new position in AppLovin during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

Wall Street Analysts Forecast Growth

APP has been the topic of a number of research reports. Phillip Securities upgraded AppLovin to a “moderate buy” rating in a report on Monday, September 29th. Scotiabank boosted their price objective on shares of AppLovin from $575.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. JPMorgan Chase & Co. raised their target price on shares of AppLovin from $425.00 to $650.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Weiss Ratings raised shares of AppLovin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Royal Bank Of Canada raised their price objective on AppLovin from $700.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Twenty-one research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $659.64.

Insiders Place Their Bets

In other AppLovin news, insider Victoria Valenzuela sold 35,000 shares of the company’s 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 transaction, the insider directly owned 269,955 shares of the company’s stock, valued at $135,579,499.65. This represents a 11.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Craig Scott Billings sold 2,350 shares of AppLovin stock in a transaction on Friday, November 7th. The stock was sold at an average price of $592.92, for a total value of $1,393,362.00. Following the sale, the director directly owned 3,707 shares of the company’s stock, valued at $2,197,954.44. This represents a 38.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 634,138 shares of company stock worth $275,386,598 over the last three months. 13.66% of the stock is currently owned by corporate insiders.

AppLovin Stock Performance

Shares of APP stock opened at $594.91 on Wednesday. The company has a fifty day moving average price of $610.59 and a two-hundred day moving average price of $458.23. AppLovin Corporation has a one year low of $200.50 and a one year high of $745.61. The stock has a market cap of $201.23 billion, a P/E ratio of 72.20, a P/E/G ratio of 3.48 and a beta of 2.50. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25.

AppLovin (NASDAQ:APP) last released its quarterly earnings data 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 return on equity of 258.49% and a net margin of 51.27%.The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company earned $1.29 earnings per share. The business’s revenue for the quarter was up 68.2% compared to the same quarter last year. AppLovin has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that AppLovin Corporation will post 6.87 EPS for the current year.

AppLovin 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.