GTS Securities LLC Cuts Stock Position in AppLovin Corporation $APP

GTS Securities LLC cut its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 57.3% during the second quarter, Holdings Channel.com reports. The fund owned 1,937 shares of the company’s stock after selling 2,594 shares during the period. GTS Securities LLC’s holdings in AppLovin were worth $998,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Revolve Wealth Partners LLC boosted its stake in shares of AppLovin by 2.8% in the second quarter. Revolve Wealth Partners LLC now owns 851 shares of the company’s stock worth $438,000 after acquiring an additional 23 shares during the period. Alta Wealth Advisors LLC raised its stake in AppLovin by 0.6% during the 4th quarter. Alta Wealth Advisors LLC now owns 3,925 shares of the company’s stock valued at $2,645,000 after purchasing an additional 24 shares during the period. Washington Trust Advisors Inc. lifted its holdings in AppLovin by 160.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock worth $27,000 after purchasing an additional 24 shares in the last quarter. IMA Advisory Services Inc. lifted its holdings in AppLovin by 40.0% in the 1st quarter. IMA Advisory Services Inc. now owns 84 shares of the company’s stock worth $33,000 after purchasing an additional 24 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in AppLovin by 2.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,115 shares of the company’s stock worth $828,000 after purchasing an additional 24 shares during the period. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Options activity was unusually heavy, with traders purchasing 47,438 call options—about 32% above the average call volume. The activity may indicate renewed speculative interest or expectations for a recovery, although options flow is not a definitive forecast. Do Options Traders Know Something About AppLovin Stock We Don’t?
• Positive Sentiment: AppLovin’s valuation has become more supportable after a roughly 54% year-to-date selloff. Its reported fundamentals remain strong, including 52.8% year-over-year revenue growth, a high net margin and substantial cash generation, helping fuel the value-oriented rebound thesis. AppLovin Rises After Year-to-Date Slide
• Neutral Sentiment: A comparison with Meta Platforms highlights AppLovin’s faster percentage growth but Meta’s much larger scale. Investors are assessing whether AppLovin can sustain its growth advantage.
• Negative Sentiment: Needham & Company lowered its expectations for AppLovin’s stock price, potentially limiting the recovery and reinforcing concerns about valuation or future growth.
• Negative Sentiment: Recent analysis emphasizes that AppLovin has historically experienced sharper declines than the broader market. Another comparison found Coherent more attractive based on faster expected growth, stronger earnings-estimate momentum and a lower valuation, despite AppLovin’s superior margins and cash flow. AppLovin Stock Has Already Taken a Shock-Sized Fall

AppLovin Price Performance

Shares of AppLovin stock opened at $317.76 on Friday. The firm has a market cap of $106.34 billion, a PE ratio of 24.42, a PEG ratio of 0.64 and a beta of 2.54. The stock has a 50 day moving average of $409.53 and a 200 day moving average of $444.27. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11. AppLovin Corporation has a 12 month low of $297.50 and a 12 month high of $745.61.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.76. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.The company’s revenue was up 52.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.39 EPS. On average, research analysts expect that AppLovin Corporation will post 15.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on APP. KeyCorp set a $775.00 price objective on shares of AppLovin in a report on Wednesday, June 10th. JPMorgan Chase & Co. boosted their target price on shares of AppLovin from $500.00 to $515.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wedbush dropped their target price on shares of AppLovin from $640.00 to $610.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Citigroup cut their target price on shares of AppLovin from $710.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, William Blair set a $440.00 price target on shares of AppLovin in a report on Monday, August 17th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AppLovin has a consensus rating of “Moderate Buy” and a consensus price target of $552.74.

Insider Transactions at AppLovin

In related news, Director Maynard G. Webb, Jr. sold 3,076 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $521.29, for a total transaction of $1,603,488.04. Following the sale, the director owned 120,444 shares of the company’s stock, valued at $62,786,252.76. This represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Arash Adam Foroughi sold 33,042 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $486.95, for a total transaction of $16,089,801.90. Following the sale, the chief executive officer directly owned 2,369,351 shares in the company, valued at approximately $1,153,755,469.45. The trade was a 1.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 294,228 shares of company stock valued at $148,403,985 over the last quarter. 12.81% of the stock is owned by insiders.

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.