AppLovin (NASDAQ:APP) Director Craig Scott Billings Sells 2,350 Shares of Stock

AppLovin Corporation (NASDAQ:APP) Director Craig Scott Billings sold 2,350 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $592.92, for a total transaction of $1,393,362.00. Following the completion of the transaction, the director owned 3,707 shares in the company, valued at approximately $2,197,954.44. The trade was a 38.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AppLovin Trading Down 0.2%

Shares of APP opened at $619.93 on Friday. The firm has a market capitalization of $209.69 billion, a price-to-earnings ratio of 75.23, a PEG ratio of 3.34 and a beta of 2.50. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 2.74. AppLovin Corporation has a 1-year low of $200.50 and a 1-year high of $745.61. The company has a 50-day moving average of $604.87 and a 200 day moving average of $450.40.

AppLovin (NASDAQ:APP) last issued its earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm earned $1.29 EPS. The company’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, research analysts expect that AppLovin Corporation will post 6.87 EPS for the current year.

Institutional Investors Weigh In On AppLovin

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal Advantage Investments Inc. purchased a new stake in AppLovin during the second quarter worth $1,523,000. Park Avenue Securities LLC increased its holdings in AppLovin by 30.6% in the second quarter. Park Avenue Securities LLC now owns 20,890 shares of the company’s stock valued at $7,313,000 after buying an additional 4,890 shares in the last quarter. IFM Investors Pty Ltd raised its position in shares of AppLovin by 15.6% in the second quarter. IFM Investors Pty Ltd now owns 45,209 shares of the company’s stock worth $15,827,000 after acquiring an additional 6,104 shares during the period. Aberdeen Group plc boosted its stake in shares of AppLovin by 6.5% during the 2nd quarter. Aberdeen Group plc now owns 114,180 shares of the company’s stock worth $39,972,000 after acquiring an additional 7,001 shares in the last quarter. Finally, Lee Johnson Capital Management LLC boosted its stake in shares of AppLovin by 13.6% during the 2nd quarter. Lee Johnson Capital Management LLC now owns 12,449 shares of the company’s stock worth $4,358,000 after acquiring an additional 1,491 shares in the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on APP. JPMorgan Chase & Co. lifted their target price on AppLovin from $425.00 to $650.00 and gave the company a “neutral” rating in a research report on Thursday. BTIG Research raised their price target on AppLovin from $693.00 to $705.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer set a $740.00 target price on shares of AppLovin in a report on Tuesday, October 7th. Wedbush raised their target price on shares of AppLovin from $745.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of AppLovin in a research report on Tuesday, August 26th. Twenty equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $659.64.

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.