Cannon Advisors Inc. Makes New Investment in AppLovin Corporation $APP

Cannon Advisors Inc. bought a new stake in shares of AppLovin Corporation (NASDAQ:APP) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,622 shares of the company’s stock, valued at approximately $1,618,000. AppLovin comprises about 1.3% of Cannon Advisors Inc.’s investment portfolio, making the stock its 27th largest holding.

A number of other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in shares of AppLovin by 36.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock valued at $1,745,752,000 after buying an additional 1,769,400 shares during the last quarter. Vanguard Group Inc. lifted its holdings in AppLovin by 7.3% in the first quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company’s stock worth $4,724,594,000 after acquiring an additional 1,213,536 shares during the last quarter. Baillie Gifford & Co. boosted its stake in AppLovin by 29.0% in the first quarter. Baillie Gifford & Co. now owns 5,270,355 shares of the company’s stock valued at $1,396,486,000 after acquiring an additional 1,185,859 shares during the period. Invesco Ltd. grew its holdings in shares of AppLovin by 32.9% during the first quarter. Invesco Ltd. now owns 4,011,306 shares of the company’s stock valued at $1,062,876,000 after purchasing an additional 992,316 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of AppLovin during the first quarter valued at approximately $198,050,000. 41.85% of the stock is currently owned by institutional investors.

AppLovin Stock Performance

APP opened at $557.70 on Friday. The business has a 50 day moving average price of $615.01 and a two-hundred day moving average price of $462.90. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. The company has a market capitalization of $188.47 billion, a price-to-earnings ratio of 67.68, a price-to-earnings-growth ratio of 2.99 and a beta of 2.50. AppLovin Corporation has a 1-year low of $200.50 and a 1-year high of $745.61.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.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 business earned $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. Research analysts predict that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Scotiabank raised their price target on AppLovin from $575.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Needham & Company LLC reiterated a “hold” rating on shares of AppLovin in a research note on Tuesday, August 26th. Jefferies Financial Group upped their price target on shares of AppLovin from $560.00 to $615.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. increased their price objective on shares of AppLovin from $425.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Finally, Phillip Securities raised shares of AppLovin to a “moderate buy” rating in a research note on Monday, September 29th. Twenty-one equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, AppLovin has a consensus rating of “Moderate Buy” and a consensus target price of $658.27.

Insider Transactions at AppLovin

In other AppLovin news, insider Victoria Valenzuela sold 35,000 shares of the company’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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eduardo Vivas sold 150,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $650.91, for a total transaction of $97,636,500.00. Following the transaction, the director owned 7,133,292 shares of the company’s stock, valued at approximately $4,643,131,095.72. This trade represents a 2.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 484,338 shares of company stock valued at $243,010,812 in the last quarter. 13.66% of the stock is owned by company insiders.

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.