NewEdge Advisors LLC Has $9.87 Million Stock Position in AppLovin Corporation $APP

NewEdge Advisors LLC reduced its holdings in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 29.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,159 shares of the company's stock after selling 8,008 shares during the quarter. NewEdge Advisors LLC's holdings in AppLovin were worth $9,871,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Revolve Wealth Partners LLC acquired a new stake in shares of AppLovin in the fourth quarter valued at about $294,000. Bison Wealth LLC bought a new stake in shares of AppLovin during the 4th quarter worth approximately $239,000. Integrated Wealth Concepts LLC raised its stake in shares of AppLovin by 58.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,692 shares of the company's stock worth $448,000 after purchasing an additional 621 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of AppLovin by 7.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 139,189 shares of the company's stock valued at $48,727,000 after buying an additional 9,380 shares during the last quarter. Finally, Main Street Financial Solutions LLC bought a new position in shares of AppLovin in the second quarter valued at $254,000. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. William Blair set a $440.00 target price on shares of AppLovin in a report on Monday, August 17th. Piper Sandler decreased their price objective on shares of AppLovin from $385.00 to $325.00 and set a "neutral" rating for the company in a research report on Friday, August 21st. Morgan Stanley lowered their price objective on shares of AppLovin from $720.00 to $650.00 and set an "overweight" rating on the stock in a research note on Thursday, August 6th. Weiss Ratings raised shares of AppLovin from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. Finally, Raymond James Financial assumed coverage on shares of AppLovin in a research note on Monday, June 29th. They issued a "strong-buy" rating and a $640.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $538.09.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Citi initiated a short-term upside view and set a $600 price target, a potentially significant catalyst for AppLovin given the target’s large premium to the recent trading range. Citi initiates short-term upside view on AppLovin
• Positive Sentiment: Recent coverage highlights AppLovin’s AI-powered advertising engine, strong monetization efficiency and exceptional margins. A separate analysis noted trailing operating margin expansion to 77.4% from 69.6%, suggesting profitability remains robust even as growth expectations have cooled. Should You Buy AppLovin Stock For Its Widening Margin?
• Positive Sentiment: AppLovin’s second-quarter revenue increased 53% year over year, and investors have recently focused on the potential for an AI-ad-tech rebound. Comparisons with Meta Platforms, Reddit and The Trade Desk also emphasize AppLovin’s scalable software model and high profitability. AppLovin vs. The Trade Desk
• Neutral Sentiment: Analysts collectively maintain a “Moderate Buy” recommendation, indicating generally constructive sentiment but not unanimous conviction. AppLovin receives Moderate Buy recommendation
• Negative Sentiment: Multiple reports cited analyst downgrades, which have pressured the stock and reinforced concerns that revenue growth is decelerating. Although sales continue to expand, investors are questioning whether AppLovin can sustain its earlier growth rate and justify its valuation after a sharp multi-month decline. AppLovin stock price following analyst downgrade

AppLovin Stock Up 3.0%

APP opened at $323.96 on Friday. The stock's fifty day simple moving average is $373.45 and its 200 day simple moving average is $437.29. AppLovin Corporation has a 1-year low of $297.50 and a 1-year high of $745.61. The stock has a market cap of $108.41 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 0.68 and a beta of 2.49. 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 (NASDAQ:APP - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 EPS for the quarter, hitting analysts' consensus estimates of $3.76. The firm had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.94 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The company's revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.39 earnings per share. As a group, research analysts expect that AppLovin Corporation will post 15.53 earnings per share for the current year.

Insider Activity

In other AppLovin news, Director Maynard G. Webb, Jr. sold 3,076 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $521.29, for a total value of $1,603,488.04. Following the transaction, the director directly owned 120,444 shares of the company's stock, valued at $62,786,252.76. This represents a 2.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eduardo Vivas sold 163,910 shares of the firm's stock in a transaction that occurred on 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 sale, the director owned 6,785,087 shares of the company's stock, valued at $3,420,090,953.22. This trade represents a 2.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 12.81% of the company's stock.

About AppLovin

AppLovin Corporation NASDAQ: APP is a technology company that provides software and services designed to help mobile application developers grow their businesses. Its platform supports user acquisition, advertising, monetization, measurement and other functions that enable developers to attract users and generate revenue from their applications.

AppLovin's offerings include AXON, an artificial-intelligence-powered software engine used to optimize advertising and user-acquisition campaigns; MAX, a platform for managing in-app advertising and mediation; and AppDiscovery, which helps developers promote their applications.

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