Cetera Investment Advisers Acquires 10,580 Shares of AppLovin Corporation $APP

Cetera Investment Advisers lifted its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 21.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 59,696 shares of the company’s stock after buying an additional 10,580 shares during the quarter. Cetera Investment Advisers’ holdings in AppLovin were worth $20,898,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in APP. Meridian Wealth Management LLC grew its stake in shares of AppLovin by 46.1% during the second quarter. Meridian Wealth Management LLC now owns 2,337 shares of the company’s stock valued at $818,000 after buying an additional 737 shares during the last quarter. Opinicus Capital Inc. lifted its stake in shares of AppLovin by 5.0% in the 2nd quarter. Opinicus Capital Inc. now owns 800 shares of the company’s stock valued at $280,000 after acquiring an additional 38 shares during the last quarter. Empower Advisory Group LLC purchased a new stake in AppLovin during the 2nd quarter valued at about $273,000. Foundations Investment Advisors LLC grew its position in AppLovin by 5.7% during the 2nd quarter. Foundations Investment Advisors LLC now owns 7,122 shares of the company’s stock worth $2,493,000 after acquiring an additional 385 shares during the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. bought a new position in AppLovin during the 2nd quarter worth approximately $7,699,000. 41.85% of the stock is owned by institutional investors.

AppLovin Price Performance

Shares of AppLovin stock opened at $526.01 on Wednesday. The business has a 50 day moving average of $614.21 and a 200 day moving average of $467.63. AppLovin Corporation has a 52 week low of $200.50 and a 52 week high of $745.61. The company has a market cap of $177.77 billion, a PE ratio of 63.84, a P/E/G ratio of 2.89 and a beta of 2.50. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous 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. As a group, equities research analysts forecast that AppLovin Corporation will post 6.87 earnings per share for the current year.

Analysts Set New Price Targets

APP has been the subject of several recent research reports. Phillip Securities upgraded AppLovin to a “moderate buy” rating in a research report on Monday, September 29th. Wall Street Zen lowered shares of AppLovin from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Oppenheimer set a $740.00 price target on shares of AppLovin in a research report on Tuesday, October 7th. Bank of America boosted their price objective on shares of AppLovin from $580.00 to $860.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Finally, Royal Bank Of Canada upped their price objective on shares of AppLovin from $700.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Twenty-one research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, AppLovin presently has an average rating of “Moderate Buy” and a consensus target price of $658.27.

Insiders Place Their Bets

In other AppLovin news, CEO Arash Adam Foroughi sold 26,200 shares of AppLovin stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $440.23, for a total transaction of $11,534,026.00. Following the sale, the chief executive officer directly owned 2,590,054 shares of the company’s stock, valued at approximately $1,140,219,472.42. The trade was a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Victoria Valenzuela sold 35,000 shares of the company’s stock in a transaction that occurred 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. This trade represents a 11.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 430,844 shares of company stock valued at $221,382,532 over the last ninety days. 13.66% of the stock is owned by corporate insiders.

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.