AppLovin (NASDAQ:APP) Director Dawson Alyssa Harvey Sells 200 Shares

AppLovin Corporation (NASDAQ:APP) Director Dawson Alyssa Harvey sold 200 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $589.18, for a total value of $117,836.00. Following the sale, the director directly owned 2,979 shares in the company, valued at approximately $1,755,167.22. This represents a 6.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Dawson Alyssa Harvey also recently made the following trade(s):

• On Friday, September 5th, Dawson Alyssa Harvey sold 350 shares of AppLovin stock. The shares were sold at an average price of $487.97, for a total transaction of $170,789.50.

AppLovin Trading Up 1.7%

Shares of AppLovin stock traded up $9.38 during trading hours on Friday, hitting $565.53. The company’s stock had a trading volume of 2,594,319 shares, compared to its average volume of 7,124,217. AppLovin Corporation has a twelve month low of $200.50 and a twelve month high of $745.61. The stock has a market cap of $191.29 billion, a price-to-earnings ratio of 68.74, a P/E/G ratio of 3.14 and a beta of 2.50. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25. The firm has a fifty day moving average of $613.66 and a 200-day moving average of $459.79.

AppLovin (NASDAQ:APP) last posted its 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. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company earned $1.29 earnings per share. AppLovin’s revenue was up 68.2% compared to the same quarter last year. AppLovin has set its Q4 2025 guidance at EPS. Research analysts forecast that AppLovin Corporation will post 6.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on APP. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a research report on Tuesday, August 26th. Royal Bank Of Canada raised their target price on shares of AppLovin from $700.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. BTIG Research boosted their target price on shares of AppLovin from $693.00 to $705.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Scotiabank boosted their target price on shares of AppLovin from $575.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Finally, Zacks Research downgraded AppLovin from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Twenty-one equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, AppLovin presently has an average rating of “Moderate Buy” and a consensus target price of $658.27.

Institutional Investors Weigh In On AppLovin

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Legal Advantage Investments Inc. bought a new position in shares of AppLovin during the second quarter valued at approximately $1,523,000. Aberdeen Group plc increased its position in shares of AppLovin by 6.5% in the second quarter. Aberdeen Group plc now owns 114,180 shares of the company’s stock worth $39,972,000 after purchasing an additional 7,001 shares during the period. Park Avenue Securities LLC raised its stake in AppLovin by 30.6% during the second quarter. Park Avenue Securities LLC now owns 20,890 shares of the company’s stock worth $7,313,000 after buying an additional 4,890 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of AppLovin by 15.6% during the 2nd quarter. IFM Investors Pty Ltd now owns 45,209 shares of the company’s stock worth $15,827,000 after purchasing an additional 6,104 shares during the last quarter. Finally, Lee Johnson Capital Management LLC grew its position in 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 during the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.

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.