Bank Julius Baer & Co. Ltd Zurich Sells 2,180 Shares of AppLovin Corporation $APP

Key Points

• Bank Julius Baer reduced its AppLovin stake by 7% in the fourth quarter, selling 2,180 shares and ending with 29,087 shares valued at about $19.9 million.
• AppLovin reported strong first-quarter results, with EPS of $3.56 beating estimates and revenue of $1.84 billion topping expectations, while revenue rose 58.9% year over year.
• Analysts remain broadly positive on the stock: Piper Sandler and Wells Fargo both raised price targets, and AppLovin’s consensus rating sits at Moderate Buy with an average target around $664.

Bank Julius Baer & Co. Ltd Zurich decreased its position in AppLovin Corporation (NASDAQ:APP - Free Report) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,087 shares of the company's stock after selling 2,180 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in AppLovin were worth $19,938,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Board of the Pension Protection Fund bought a new position in shares of AppLovin during the fourth quarter worth about $27,000. Washington Trust Advisors Inc. lifted its stake in AppLovin by 160.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company's stock valued at $27,000 after acquiring an additional 24 shares in the last quarter. Chilton Capital Management LLC acquired a new position in AppLovin during the 3rd quarter worth approximately $29,000. Activest Wealth Management grew its stake in shares of AppLovin by 760.0% during the 3rd quarter. Activest Wealth Management now owns 43 shares of the company's stock worth $31,000 after acquiring an additional 38 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of AppLovin in the fourth quarter valued at approximately $32,000. 41.85% of the stock is owned by institutional investors and hedge funds.

AppLovin Stock Up 7.0%

APP stock opened at $485.16 on Friday. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $163.63 billion, a PE ratio of 41.68, a PEG ratio of 0.74 and a beta of 2.37. AppLovin Corporation has a 1-year low of $320.00 and a 1-year high of $745.61. The business's 50 day simple moving average is $446.90 and its 200 day simple moving average is $529.33.

AppLovin (NASDAQ:APP - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $3.56 EPS for the quarter, topping analysts' consensus estimates of $3.44 by $0.12. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same period in the previous year, the business posted $1.67 earnings per share. The company's revenue for the quarter was up 58.9% compared to the same quarter last year. As a group, research analysts anticipate that AppLovin Corporation will post 15.86 EPS for the current year.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Piper Sandler raised its price target on AppLovin to $665 from $650 and reiterated an Overweight rating, citing the company’s strong revenue beat and continued momentum in its core business. AppLovin (APP) Price Target Raised by Piper Sandler to $665
• Positive Sentiment: Recent coverage said AppLovin’s latest earnings quality was strong, even though the stock reaction was described as subdued, suggesting investors may still be reassessing the longer-term upside from the report. Shareholders Will Be Pleased With The Quality of AppLovin's NASDAQ: APP Earnings
• Positive Sentiment: Multiple articles highlighted AppLovin as an AI-linked growth winner with surging revenue, keeping investor focus on its ability to sustain rapid earnings expansion. Is AppLovin Stock a Buy as Revenue Continues to Surge?
• Neutral Sentiment: Several broader market and stock-picking articles mentioned AppLovin alongside other growth and hedge-fund favorites, adding to visibility but not providing a direct new catalyst for the shares. AppLovin and 6 More Stock Picks by Einhorn and Other Hedge Fund Managers
• Neutral Sentiment: Commentary comparing AppLovin with The Trade Desk mainly framed it as a digital advertising growth leader, but it was more of an industry discussion than a company-specific driver. The Trade Desk vs. AppLovin: What Do Their Quarterly Revenue Trajectories Tell Investors?
• Negative Sentiment: One piece noted the stock’s reaction to earnings was somewhat muted, which can signal that some investors want more proof that recent growth can continue at the same pace. Shareholders Will Be Pleased With The Quality of AppLovin's NASDAQ: APP Earnings

Insider Activity at AppLovin

In other news, CEO Arash Adam Foroughi sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $466.04, for a total transaction of $23,302,000.00. Following the completion of the sale, the chief executive officer owned 2,480,414 shares in the company, valued at $1,155,972,140.56. The trade was a 1.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eduardo Vivas sold 163,910 shares of the company's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $453.49, for a total value of $74,331,545.90. Following the completion of the transaction, the director directly owned 6,969,382 shares in the company, valued at $3,160,545,043.18. The trade was a 2.30% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 365,244 shares of company stock worth $169,584,607. Insiders own 13.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of AppLovin from $560.00 to $571.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Weiss Ratings lowered shares of AppLovin from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, May 7th. Evercore restated a "buy" rating on shares of AppLovin in a research note on Friday, January 30th. Zacks Research downgraded AppLovin from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 12th. Finally, Wedbush reissued an "outperform" rating and set a $640.00 price target on shares of AppLovin in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, AppLovin has a consensus rating of "Moderate Buy" and a consensus price target of $664.35.

AppLovin Company Profile

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.

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