AppLovin Corporation $APP Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC boosted its stake in AppLovin Corporation (NASDAQ:APP) by 27.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,078 shares of the company’s stock after buying an additional 452 shares during the period. Frank Rimerman Advisors LLC’s holdings in AppLovin were worth $727,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its stake in shares of AppLovin by 36.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock valued at $1,745,752,000 after acquiring an additional 1,769,400 shares during the period. Vanguard Group Inc. increased its holdings in AppLovin by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company’s stock valued at $4,724,594,000 after purchasing an additional 1,213,536 shares during the last quarter. Baillie Gifford & Co. raised its position in AppLovin by 29.0% in the first quarter. Baillie Gifford & Co. now owns 5,270,355 shares of the company’s stock valued at $1,396,486,000 after purchasing an additional 1,185,859 shares during the period. Invesco Ltd. lifted its stake in AppLovin by 32.9% during the first quarter. Invesco Ltd. now owns 4,011,306 shares of the company’s stock worth $1,062,876,000 after purchasing an additional 992,316 shares in the last quarter. Finally, Nuveen LLC acquired a new position in AppLovin during the first quarter worth $198,050,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

AppLovin Stock Up 0.8%

APP stock opened at $530.05 on Thursday. The company’s 50 day moving average price is $613.47 and its 200 day moving average price is $468.06. The firm has a market capitalization of $179.13 billion, a price-to-earnings ratio of 64.33, a PEG ratio of 2.82 and a beta of 2.50. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25.

AppLovin (NASDAQ:APP) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business posted $1.29 EPS. The firm’s revenue was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. On average, equities research analysts anticipate that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

Insider Activity

In related news, Director Craig Scott Billings sold 2,350 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $592.92, for a total value of $1,393,362.00. Following the transaction, the director owned 3,707 shares of the company’s stock, valued at $2,197,954.44. This represents a 38.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Victoria Valenzuela sold 35,000 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $502.23, for a total value of $17,578,050.00. Following the completion of the sale, the insider owned 269,955 shares in the company, valued at approximately $135,579,499.65. This represents 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 quarter, insiders have sold 315,400 shares of company stock valued at $172,868,629. Insiders own 13.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a report on Tuesday, August 26th. Wedbush increased their price target on shares of AppLovin from $745.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Wells Fargo & Company raised their price objective on shares of AppLovin from $633.00 to $721.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. lifted their price objective on shares of AppLovin from $425.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Finally, Bank of America increased their target price on shares of AppLovin from $580.00 to $860.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Twenty-one research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, AppLovin currently has a consensus rating of “Moderate Buy” and an average target price of $658.27.

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.