UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in AppLovin Corporation $APP

Key Points

• UBS Asset Management increased its AppLovin stake by 7.5% in the second quarter, adding 121,605 shares for a total of 1.74 million shares valued at approximately $894.2 million. Institutional investors collectively own 41.85% of the company.
• AppLovin reported quarterly revenue of $1.92 billion, up 52.8% year over year, while earnings per share of $3.76 matched analyst expectations. However, insiders sold roughly $148.4 million worth of shares over the past 90 days.
• The stock opened at $317.76, well below its 52-week high of $745.61, while analysts maintained a generally positive outlook with a consensus “Moderate Buy” rating and an average price target of $552.74.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 7.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,735,471 shares of the company's stock after purchasing an additional 121,605 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.52% of AppLovin worth $894,167,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC grew its position in AppLovin by 3,695.3% during the second quarter. Signature Estate & Investment Advisors LLC now owns 76,361 shares of the company's stock worth $39,345,000 after buying an additional 74,349 shares during the period. Insight Wealth Strategies LLC purchased a new stake in shares of AppLovin in the second quarter valued at about $6,939,000. Generate Investment Management Ltd acquired a new stake in shares of AppLovin in the second quarter valued at approximately $7,226,000. Asset Management One Co. Ltd. grew its position in shares of AppLovin by 6.5% in the second quarter. Asset Management One Co. Ltd. now owns 105,909 shares of the company's stock valued at $54,567,000 after purchasing an additional 6,424 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in AppLovin by 312.0% during the 4th quarter. Fifth Third Bancorp now owns 6,123 shares of the company's stock valued at $4,126,000 after buying an additional 4,637 shares during the last quarter. Institutional investors and hedge funds own 41.85% of the company's stock.

Insider Buying and Selling

In other AppLovin news, Director Maynard G. Webb, Jr. sold 3,076 shares of the company's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $521.29, for a total transaction of $1,603,488.04. Following the completion of the sale, the director directly owned 120,444 shares of the company's stock, valued at approximately $62,786,252.76. This represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victoria Valenzuela sold 20,000 shares of the firm's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $565.89, for a total transaction of $11,317,800.00. Following the completion of the transaction, the insider owned 243,961 shares of the company's stock, valued at approximately $138,055,090.29. The trade was a 7.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 294,228 shares of company stock worth $148,403,985. Company insiders own 12.81% of the company's stock.

AppLovin Price Performance

Shares of NASDAQ:APP opened at $317.76 on Friday. The company has a market capitalization of $106.34 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 0.64 and a beta of 2.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.30 and a current ratio of 4.30. The stock has a fifty day moving average of $409.53 and a 200-day moving average of $444.27. AppLovin Corporation has a one year low of $297.50 and a one year high of $745.61.

AppLovin (NASDAQ:APP - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $3.76 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $3.76. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.The business had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the firm posted $2.39 EPS. The company's quarterly revenue was up 52.8% on a year-over-year basis. As a group, equities analysts anticipate that AppLovin Corporation will post 15.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $660.00 price objective on shares of AppLovin in a research report on Thursday, May 7th. Needham & Company LLC reduced their target price on AppLovin from $500.00 to $475.00 and set a "buy" rating for the company in a research note on Wednesday. UBS Group dropped their price objective on shares of AppLovin from $798.00 to $790.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Wedbush decreased their price objective on AppLovin from $640.00 to $610.00 and set an "outperform" rating for the company in a report on Thursday, August 6th. Finally, Raymond James Financial started coverage on shares of AppLovin in a research note on Monday, June 29th. They set a "strong-buy" rating and a $640.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $552.74.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Options activity was unusually heavy, with traders purchasing 47,438 call options—about 32% above the average call volume. The activity may indicate renewed speculative interest or expectations for a recovery, although options flow is not a definitive forecast. Do Options Traders Know Something About AppLovin Stock We Don't?
• Positive Sentiment: AppLovin’s valuation has become more supportable after a roughly 54% year-to-date selloff. Its reported fundamentals remain strong, including 52.8% year-over-year revenue growth, a high net margin and substantial cash generation, helping fuel the value-oriented rebound thesis. AppLovin Rises After Year-to-Date Slide
• Neutral Sentiment: A comparison with Meta Platforms highlights AppLovin’s faster percentage growth but Meta’s much larger scale. Investors are assessing whether AppLovin can sustain its growth advantage.
• Negative Sentiment: Needham & Company lowered its expectations for AppLovin’s stock price, potentially limiting the recovery and reinforcing concerns about valuation or future growth.
• Negative Sentiment: Recent analysis emphasizes that AppLovin has historically experienced sharper declines than the broader market. Another comparison found Coherent more attractive based on faster expected growth, stronger earnings-estimate momentum and a lower valuation, despite AppLovin’s superior margins and cash flow. AppLovin Stock Has Already Taken a Shock-Sized Fall

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.

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