Russell Investments Group Ltd. Purchases 1,636 Shares of AppLovin Corporation $APP

Russell Investments Group Ltd. boosted its position in shares of AppLovin Corporation (NASDAQ:APP) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 230,053 shares of the company’s stock after buying an additional 1,636 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of AppLovin worth $80,296,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in APP. Hilltop National Bank bought a new position in shares of AppLovin during the 2nd quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA bought a new stake in AppLovin in the second quarter worth $26,000. SouthState Corp purchased a new stake in AppLovin during the first quarter valued at $29,000. Hoey Investments Inc. purchased a new stake in AppLovin during the second quarter valued at $35,000. Finally, Trust Co. of Vermont bought a new position in AppLovin during the second quarter valued at $35,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on APP. Scotiabank boosted their target price on shares of AppLovin from $575.00 to $750.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft set a $705.00 price target on AppLovin and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group upped their price objective on AppLovin from $630.00 to $720.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. UBS Group lifted their target price on AppLovin from $810.00 to $840.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Piper Sandler boosted their target price on AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Twenty-one analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $658.27.

Insider Transactions at AppLovin

In other news, CTO Vasily Shikin sold 27,143 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $545.38, for a total transaction of $14,803,249.34. Following the completion of the sale, the chief technology officer directly owned 3,323,681 shares of the company’s stock, valued at approximately $1,812,669,143.78. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Stumpf sold 4,884 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $515.76, for a total transaction of $2,518,971.84. Following the completion of the transaction, the chief financial officer directly owned 191,161 shares in the company, valued at $98,593,197.36. This represents a 2.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 360,542 shares of company stock worth $208,733,493. 13.66% of the stock is currently owned by insiders.

AppLovin Trading Up 5.5%

APP opened at $586.37 on Thursday. 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 stock’s 50 day moving average price is $609.20 and its 200-day moving average price is $476.21. 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 $198.16 billion, a price-to-earnings ratio of 71.16, a P/E/G ratio of 2.98 and a beta of 2.50.

AppLovin (NASDAQ:APP) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.AppLovin’s quarterly revenue was up 68.2% compared to the same quarter last year. During the same period last year, the company earned $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that AppLovin Corporation will post 6.87 EPS for the current year.

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.