OneAscent Wealth Management LLC Has $431,000 Stock Holdings in AppLovin Corporation $APP

OneAscent Wealth Management LLC decreased its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 15.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,232 shares of the company’s stock after selling 217 shares during the period. OneAscent Wealth Management LLC’s holdings in AppLovin were worth $431,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other AppLovin news, CEO Arash Adam Foroughi sold 90,000 shares of AppLovin stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $421.04, for a total transaction of $37,893,600.00. Following the completion of the sale, the chief executive officer directly owned 2,620,054 shares in the company, valued at $1,103,147,536.16. The trade was a 3.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eduardo Vivas sold 125,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $466.00, for a total transaction of $58,250,000.00. Following the completion of the transaction, the director directly owned 7,283,292 shares in the company, valued at $3,394,014,072. The trade was a 1.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,156,788 shares of company stock worth $514,863,333. 13.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on APP. Oppenheimer set a $740.00 target price on AppLovin in a research note on Tuesday, October 7th. JPMorgan Chase & Co. increased their target price on shares of AppLovin from $425.00 to $650.00 and gave the stock a “neutral” rating in a research note on Thursday. Wedbush increased their target price on AppLovin from $745.00 to $800.00 and gave the stock an “outperform” rating in a report on Thursday. BTIG Research lifted their target price on AppLovin from $693.00 to $705.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Bank of America boosted their target price on AppLovin from $580.00 to $860.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $635.39.

AppLovin Stock Up 0.7%

APP stock opened at $621.36 on Friday. The stock has a 50-day simple moving average of $602.04 and a two-hundred day simple moving average of $447.68. 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 $200.50 and a twelve month high of $745.61. The firm has a market capitalization of $210.18 billion, a PE ratio of 75.41, a PEG ratio of 3.35 and a beta of 2.50.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 294.76%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted $1.29 EPS. The business’s revenue for the quarter was up 68.2% compared to the same quarter last year. AppLovin has set its Q4 2025 guidance at EPS. On average, equities analysts predict that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

About AppLovin

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.