Ferguson Wellman Capital Management Inc. Acquires New Holdings in AppLovin Corporation $APP

Ferguson Wellman Capital Management Inc. bought a new position in AppLovin Corporation (NASDAQ:APP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 65,144 shares of the company’s stock, valued at approximately $25,927,000.

Other hedge funds have also modified their holdings of the company. Redhawk Wealth Advisors Inc. boosted its holdings in shares of AppLovin by 2.9% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 640 shares of the company’s stock valued at $431,000 after buying an additional 18 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in shares of AppLovin by 5.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 333 shares of the company’s stock worth $224,000 after acquiring an additional 18 shares in the last quarter. Strategic Advocates LLC lifted its position in AppLovin by 0.8% during the third quarter. Strategic Advocates LLC now owns 2,576 shares of the company’s stock valued at $1,851,000 after acquiring an additional 21 shares during the last quarter. Finivi Inc. boosted its stake in AppLovin by 3.2% in the fourth quarter. Finivi Inc. now owns 711 shares of the company’s stock valued at $479,000 after acquiring an additional 22 shares in the last quarter. Finally, Alta Wealth Advisors LLC grew its holdings in AppLovin by 0.6% in the fourth quarter. Alta Wealth Advisors LLC now owns 3,925 shares of the company’s stock worth $2,645,000 after purchasing an additional 24 shares during the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at AppLovin

In related news, Director Eduardo Vivas sold 163,910 shares of AppLovin stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $504.06, for a total transaction of $82,620,474.60. Following the completion of the sale, the director owned 6,785,087 shares of the company’s stock, valued at $3,420,090,953.22. The trade was a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew Stumpf sold 9,052 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $600.00, for a total value of $5,431,200.00. Following the completion of the sale, the chief financial officer owned 177,450 shares in the company, valued at approximately $106,470,000. This represents a 4.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 393,000 shares of company stock valued at $197,297,363. 13.66% of the stock is owned by company insiders.

AppLovin Stock Performance

Shares of APP traded down $13.45 during trading hours on Friday, reaching $506.98. 3,490,995 shares of the company traded hands, compared to its average volume of 5,158,602. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.49. The business has a fifty day moving average price of $509.16 and a 200-day moving average price of $499.15. AppLovin Corporation has a 12-month low of $332.32 and a 12-month high of $745.61. The stock has a market capitalization of $170.31 billion, a P/E ratio of 43.55, a P/E/G ratio of 0.82 and a beta of 2.49.

AppLovin (NASDAQ:APP) last issued its earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.12. AppLovin had a return on equity of 219.37% and a net margin of 64.29%.The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the business posted $1.67 EPS. The firm’s quarterly revenue was up 58.9% on a year-over-year basis. Equities analysts anticipate that AppLovin Corporation will post 15.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on APP shares. BTIG Research reiterated a “buy” rating and set a $640.00 price objective on shares of AppLovin in a report on Thursday, May 7th. Wedbush reaffirmed an “outperform” rating and set a $640.00 target price on shares of AppLovin in a research report on Thursday, May 7th. Morgan Stanley reiterated an “overweight” rating on shares of AppLovin in a research note on Wednesday, May 27th. Raymond James Financial initiated coverage on AppLovin in a report on Monday, June 29th. They issued a “strong-buy” rating and a $640.00 price target for the company. Finally, Benchmark restated a “buy” rating on shares of AppLovin in a report on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, AppLovin presently has an average rating of “Moderate Buy” and an average price target of $668.45.

AppLovin News Roundup

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Jefferies survey data suggests AppLovin is gaining e-commerce ad share as advertisers expand platform use, with its share of advertiser budgets rising to 11.1%, reinforcing the view that its ad tech is still taking share. Article on Jefferies survey and budget share gains
• Positive Sentiment: Analysts remain constructive, with BTIG reaffirming a Buy rating and a $640 price target, while other reports point to AppLovin’s strong earnings execution, revenue growth, and expanding margins. BTIG price target and earnings outlook article
• Positive Sentiment: Market commentary highlights that investors are closely watching AppLovin’s growth story, which can support momentum when sentiment around AI and ad-tech leaders is strong. Zacks article on investor interest
• Neutral Sentiment: Short-interest data showed no reported short interest as of July 10, so this update does not appear to signal meaningful bearish positioning.
• Negative Sentiment: Director Maynard G. Webb, Jr. sold 3,076 shares worth about $1.6 million, which may weigh on sentiment even though he still retains a large position. SEC filing on insider sale
• Negative Sentiment: New reporting raised questions about political donations and Chinese investor ties, introducing potential reputational and geopolitical overhangs for AppLovin (APP). Yahoo Finance article on political donations and investor ties

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.