Tidal Investments LLC Sells 11,001 Shares of AppLovin Corporation $APP

Key Points

• Tidal Investments reduced its AppLovin stake by 31.3%, selling 11,001 shares during the second quarter and retaining 24,197 shares valued at approximately $12.5 million.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $538.09, although several firms recently lowered their targets amid concerns about slowing growth.
• AppLovin reported strong operating results, including quarterly revenue growth of 52.8% year over year to $1.92 billion and EPS of $3.76; however, the stock was trading near $323.96, well below its 52-week high of $745.61.

Tidal Investments LLC decreased its holdings in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 31.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,197 shares of the company's stock after selling 11,001 shares during the quarter. Tidal Investments LLC's holdings in AppLovin were worth $12,467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of APP. Bienville Capital Management LLC grew its holdings in AppLovin by 38.5% during the 2nd quarter. Bienville Capital Management LLC now owns 22,444 shares of the company's stock worth $11,564,000 after acquiring an additional 6,243 shares during the period. Archford Capital Strategies LLC acquired a new position in shares of AppLovin in the 2nd quarter valued at $258,000. National Pension Service lifted its stake in shares of AppLovin by 5.0% in the 2nd quarter. National Pension Service now owns 586,028 shares of the company's stock valued at $301,939,000 after purchasing an additional 27,701 shares during the period. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of AppLovin in the 2nd quarter worth $246,000. Finally, Integrated Wealth Concepts LLC boosted its position in shares of AppLovin by 20.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,131 shares of the company's stock worth $1,613,000 after purchasing an additional 541 shares during the last quarter. 41.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on APP. Benchmark decreased their price objective on AppLovin from $500.00 to $440.00 and set a "buy" rating for the company in a research note on Monday, August 17th. Wells Fargo & Company reduced their target price on AppLovin from $357.00 to $325.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 19th. Needham & Company LLC decreased their target price on AppLovin from $500.00 to $475.00 and set a "buy" rating for the company in a research report on Wednesday, August 26th. Raymond James Financial assumed coverage on AppLovin in a research note on Monday, June 29th. They issued a "strong-buy" rating and a $640.00 price target for the company. Finally, Wedbush cut their price target on shares of AppLovin from $640.00 to $610.00 and set an "outperform" rating on the stock in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $538.09.

Key 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%

AppLovin stock opened at $323.96 on Friday. The stock has a market capitalization of $108.41 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 0.66 and a beta of 2.49. AppLovin Corporation has a twelve month low of $297.50 and a twelve month high of $745.61. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average of $373.45 and a 200-day moving average of $437.29.

AppLovin (NASDAQ:APP - Get Free Report) last issued 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 business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The firm's quarterly revenue was up 52.8% on a year-over-year basis. During the same period last year, the business posted $2.39 earnings per share. On average, equities research analysts anticipate that AppLovin Corporation will post 15.53 EPS for the current fiscal year.

Insider Transactions at AppLovin

In other AppLovin news, Director G Jr sold 3,076 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $521.29, for a total transaction of $1,603,488.04. Following the completion of the transaction, the director owned 120,444 shares in the company, valued at approximately $62,786,252.76. This represents a 2.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eduardo Vivas sold 163,910 shares of AppLovin stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $504.06, for a total value of $82,620,474.60. Following the completion of the sale, the director directly owned 6,785,087 shares in the company, valued at $3,420,090,953.22. This represents a 2.36% decrease in their position. The SEC filing for this sale provides additional information. 12.81% of the stock is currently owned by corporate insiders.

AppLovin Profile

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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