Meridian Wealth Management LLC Buys 737 Shares of AppLovin Corporation $APP

Meridian Wealth Management LLC grew its stake in shares of AppLovin Corporation (NASDAQ:APP) by 46.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,337 shares of the company’s stock after purchasing an additional 737 shares during the period. Meridian Wealth Management LLC’s holdings in AppLovin were worth $818,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Hilltop National Bank acquired a new position in AppLovin during the 2nd quarter worth approximately $26,000. LFA Lugano Financial Advisors SA acquired a new stake in AppLovin in the second quarter valued at approximately $26,000. Hoey Investments Inc. bought a new stake in shares of AppLovin during the second quarter valued at approximately $35,000. Trust Co. of Vermont acquired a new position in shares of AppLovin during the second quarter worth approximately $35,000. Finally, ORG Partners LLC raised its position in shares of AppLovin by 146.5% during the second quarter. ORG Partners LLC now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 63 shares during the period. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Phillip Securities upgraded shares of AppLovin to a “moderate buy” rating in a research note on Monday, September 29th. UBS Group lifted their price objective on shares of AppLovin from $810.00 to $840.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Benchmark boosted their target price on shares of AppLovin from $640.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of AppLovin in a research report on Tuesday, August 26th. Finally, Royal Bank Of Canada lifted their price target on AppLovin from $700.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Twenty-one investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $658.27.

AppLovin Stock Up 0.3%

AppLovin stock opened at $557.70 on Monday. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25. The firm’s 50-day simple moving average is $615.01 and its 200 day simple moving average is $464.26. The stock has a market cap of $188.48 billion, a PE ratio of 67.68, a price-to-earnings-growth ratio of 2.99 and a beta of 2.50.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the firm earned $1.29 EPS. The company’s quarterly revenue was up 68.2% compared to the same quarter last year. 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.

Insider Buying and Selling at AppLovin

In other news, Director Dawson Alyssa Harvey sold 200 shares of AppLovin stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $589.18, for a total transaction of $117,836.00. Following the sale, the director directly owned 2,979 shares in the company, valued at $1,755,167.22. The trade was a 6.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Craig Scott Billings sold 2,350 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $592.92, for a total transaction of $1,393,362.00. Following the completion of the transaction, the director directly owned 3,707 shares in the company, valued at $2,197,954.44. This trade represents a 38.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 484,338 shares of company stock valued at $243,010,812 in the last ninety days. 13.66% of the stock is owned by corporate insiders.

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.