WCG Wealth Advisors LLC Buys New Stake in AppLovin Corporation $APP

WCG Wealth Advisors LLC bought a new stake in AppLovin Corporation (NASDAQ:APP) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 26,726 shares of the company’s stock, valued at approximately $18,008,000.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of AppLovin by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 25,120,575 shares of the company’s stock valued at $16,926,746,000 after buying an additional 166,117 shares during the last quarter. State Street Corp grew its position in shares of AppLovin by 111.1% in the 3rd quarter. State Street Corp now owns 11,852,466 shares of the company’s stock valued at $8,516,471,000 after buying an additional 6,237,051 shares during the last quarter. Geode Capital Management LLC grew its position in shares of AppLovin by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 7,167,003 shares of the company’s stock valued at $4,817,269,000 after buying an additional 448,005 shares during the last quarter. Invesco Ltd. grew its position in shares of AppLovin by 9.4% in the 3rd quarter. Invesco Ltd. now owns 4,292,752 shares of the company’s stock valued at $3,084,514,000 after buying an additional 367,083 shares during the last quarter. Finally, Kensico Capital Management Corp grew its position in AppLovin by 3.1% during the 3rd quarter. Kensico Capital Management Corp now owns 3,118,500 shares of the company’s stock worth $2,240,767,000 after purchasing an additional 95,000 shares during the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Arash Adam Foroughi sold 40,704 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $459.85, for a total value of $18,717,734.40. Following the completion of the sale, the chief executive officer owned 2,430,414 shares in the company, valued at approximately $1,117,625,877.90. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Stumpf sold 9,052 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $600.00, for a total transaction of $5,431,200.00. Following the completion of the sale, the chief financial officer owned 177,450 shares of the company’s stock, valued at $106,470,000. This trade represents a 4.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 464,016 shares of company stock worth $218,477,985 over the last quarter. Insiders own 13.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $700.00 price objective on shares of AppLovin in a research report on Thursday, February 12th. Wedbush reissued an “outperform” rating and set a $640.00 price objective on shares of AppLovin in a research report on Thursday, May 7th. Jefferies Financial Group lowered their price objective on shares of AppLovin from $860.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Scotiabank raised their price objective on shares of AppLovin from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Zacks Research downgraded shares of AppLovin from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, AppLovin currently has a consensus rating of “Moderate Buy” and an average target price of $664.35.

AppLovin Trading Down 5.7%

Shares of AppLovin stock opened at $570.83 on Thursday. AppLovin Corporation has a 1 year low of $320.00 and a 1 year high of $745.61. The company has a market capitalization of $191.76 billion, a P/E ratio of 49.04, a PEG ratio of 0.98 and a beta of 2.45. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.24 and a current ratio of 3.24. The company’s fifty day moving average is $465.56 and its two-hundred day moving average is $521.17.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, May 6th. The company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.44 by $0.12. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the business earned $1.67 EPS. The business’s revenue was up 58.9% on a year-over-year basis. Analysts forecast that AppLovin Corporation will post 15.86 earnings per share for the current year.

Key AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin continues to get support from Wall Street, with analysts maintaining a Moderate Buy consensus and broadly optimistic views on the company’s outlook. AppLovin Corporation (NASDAQ:APP) Receives Average Rating of “Moderate Buy” from Analysts
• Positive Sentiment: The company’s May rally was tied to strong earnings and enthusiasm from both buy-side and sell-side investors, reinforcing the view that its AI-driven ad growth and profitability remain key strengths. Why AppLovin Rallied in May
• Positive Sentiment: Coverage highlighting significant insider ownership may reassure investors that management has meaningful skin in the game, which can be a positive signal for long-term alignment. Spotlight On AppLovin And 2 More Growth Stocks With Significant Insider Stakes
• Neutral Sentiment: AppLovin has drawn increased investor attention recently, which may reflect continued interest in the story rather than a fresh catalyst. AppLovin Corporation (APP) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Comments on the stock “outperforming the Dow” and its strong analyst support reinforce the bullish narrative, but do not appear to add a new near-term catalyst. Is AppLovin Stock Outperforming the Dow?
• Negative Sentiment: Software stocks sold off for a second straight session, and AppLovin was caught in the broader profit-taking move. 8×8, BlackLine, and AppLovin Stocks Trade Down, What You Need To Know
• Negative Sentiment: Recent analysis of APP’s year-to-date decline says the stock’s valuation remains elevated, even though profitability and AI ad growth remain strong, suggesting investors are still debating how much upside is already priced in. AppLovin Slides 15% YTD: Is the Stock a Buying Opportunity?

About AppLovin

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.