Main Management ETF Advisors LLC Increases Holdings in AppLovin Corporation $APP

Main Management ETF Advisors LLC increased its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,597 shares of the company’s stock after purchasing an additional 108 shares during the quarter. Main Management ETF Advisors LLC’s holdings in AppLovin were worth $2,309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC bought a new position in AppLovin in the 4th quarter worth approximately $294,000. Bison Wealth LLC purchased a new position in AppLovin during the fourth quarter valued at $239,000. Private Advisor Group LLC lifted its stake in AppLovin by 5.1% in the 1st quarter. Private Advisor Group LLC now owns 10,641 shares of the company’s stock worth $2,820,000 after purchasing an additional 521 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of AppLovin by 14.4% during the 1st quarter. IFP Advisors Inc now owns 1,842 shares of the company’s stock valued at $488,000 after purchasing an additional 232 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in shares of AppLovin by 672.5% during the first quarter. Allianz Asset Management GmbH now owns 208,034 shares of the company’s stock valued at $55,123,000 after purchasing an additional 181,105 shares in the last quarter. Institutional investors own 41.85% of the company’s stock.

AppLovin Stock Performance

AppLovin stock opened at $530.05 on Thursday. 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 firm has a market capitalization of $179.13 billion, a P/E ratio of 64.33, a price-to-earnings-growth ratio of 2.82 and a beta of 2.50. AppLovin Corporation has a 1-year low of $200.50 and a 1-year high of $745.61. The company’s 50-day moving average is $613.47 and its 200 day moving average is $468.06.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The company’s quarterly revenue was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. Research analysts forecast that AppLovin Corporation will post 6.87 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of AppLovin from $633.00 to $721.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Piper Sandler boosted their target price on shares of AppLovin from $740.00 to $800.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Citigroup decreased their target price on shares of AppLovin from $850.00 to $820.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Benchmark lifted their price target on AppLovin from $640.00 to $700.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Wedbush boosted their price objective on AppLovin from $745.00 to $800.00 and gave the stock 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $658.27.

Insider Activity

In related news, Director Dawson Alyssa Harvey sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $589.18, for a total value of $117,836.00. Following the completion of the sale, the director owned 2,979 shares in the company, valued at approximately $1,755,167.22. The trade was a 6.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victoria Valenzuela sold 35,000 shares of the firm’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 owned 269,955 shares in the company, valued at $135,579,499.65. The trade was a 11.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 315,400 shares of company stock valued at $172,868,629. 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.