255,700 Shares in AppLovin Corporation $APP Bought by Trivest Advisors Ltd

Trivest Advisors Ltd bought a new position in AppLovin Corporation (NASDAQ:APP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 255,700 shares of the company’s stock, valued at approximately $89,515,000. AppLovin accounts for 3.5% of Trivest Advisors Ltd’s investment portfolio, making the stock its 11th largest holding. Trivest Advisors Ltd owned approximately 0.08% of AppLovin as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilltop National Bank acquired a new position in AppLovin in the 2nd quarter worth $26,000. SouthState Corp acquired a new position in shares of AppLovin during the 1st quarter worth about $29,000. Cornerstone Planning Group LLC boosted its stake in shares of AppLovin by 428.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 132 shares of the company’s stock worth $33,000 after buying an additional 107 shares during the last quarter. Hoey Investments Inc. acquired a new position in shares of AppLovin during the 2nd quarter worth about $35,000. Finally, Trust Co. of Vermont acquired a new position in shares of AppLovin during the 2nd quarter worth about $35,000. 41.85% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AppLovin

In other AppLovin news, insider Victoria Valenzuela sold 35,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $502.23, for a total value of $17,578,050.00. Following the transaction, the insider directly owned 269,955 shares of the company’s stock, valued at $135,579,499.65. This represents a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Vasily Shikin sold 30,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $437.57, for a total transaction of $13,127,100.00. Following the completion of the transaction, the chief technology officer directly owned 3,360,104 shares in the company, valued at approximately $1,470,280,707.28. This represents a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,156,788 shares of company stock worth $514,863,333. 13.66% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on APP. Royal Bank Of Canada began coverage on shares of AppLovin in a research note on Monday, October 13th. They set an “outperform” rating and a $700.00 price objective for the company. Phillip Securities upgraded shares of AppLovin to a “moderate buy” rating in a research note on Monday, September 29th. Weiss Ratings downgraded shares of AppLovin from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $630.00 target price on shares of AppLovin in a research note on Tuesday, October 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of AppLovin in a research note on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, AppLovin currently has an average rating of “Moderate Buy” and a consensus target price of $606.39.

AppLovin Stock Up 1.4%

AppLovin stock opened at $617.05 on Thursday. The stock has a market cap of $208.72 billion, a P/E ratio of 87.65, a P/E/G ratio of 3.30 and a beta of 2.50. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 3.01. AppLovin Corporation has a twelve month low of $166.97 and a twelve month high of $745.61. The company’s 50-day moving average price is $599.29 and its two-hundred day moving average price is $446.46.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.11. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. AppLovin had a net margin of 45.72% and a return on equity of 252.67%. The business’s revenue was up 68.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. As a group, analysts expect that AppLovin Corporation will post 6.87 EPS for the current year.

AppLovin Company Profile

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.