Kane Investment Management Inc. Has $204,000 Stock Holdings in AppLovin Corporation $APP

Kane Investment Management Inc. reduced its position in shares of AppLovin Corporation (NASDAQ:APP) by 51.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 583 shares of the company’s stock after selling 617 shares during the quarter. Kane Investment Management Inc.’s holdings in AppLovin were worth $204,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in APP. Hilltop National Bank bought a new stake in AppLovin in the 2nd quarter worth about $26,000. LFA Lugano Financial Advisors SA bought a new position in shares of AppLovin during the 2nd quarter worth $26,000. Hoey Investments Inc. purchased a new position in shares of AppLovin in the second quarter worth about $35,000. Trust Co. of Vermont purchased a new position in AppLovin in the 2nd quarter valued at approximately $35,000. Finally, ORG Partners LLC raised its stake in shares of AppLovin by 146.5% during the 2nd quarter. ORG Partners LLC now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 63 shares during the period. 41.85% of the stock is owned by institutional investors.

AppLovin Stock Performance

Shares of NASDAQ APP opened at $557.70 on Friday. AppLovin Corporation has a 1 year low of $200.50 and a 1 year high of $745.61. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. The stock has a market cap of $188.47 billion, a PE ratio of 67.68, a price-to-earnings-growth ratio of 2.98 and a beta of 2.50. The firm has a fifty day moving average price of $615.01 and a 200-day moving average price of $461.69.

AppLovin (NASDAQ:APP) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.11. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The company’s revenue was up 68.2% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. Equities analysts anticipate that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Arash Adam Foroughi sold 26,200 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $440.23, for a total transaction of $11,534,026.00. Following the transaction, the chief executive officer directly owned 2,590,054 shares in the company, valued at approximately $1,140,219,472.42. This represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Craig Scott Billings sold 2,350 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $592.92, for a total value of $1,393,362.00. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 484,338 shares of company stock valued at $243,010,812 over the last 90 days. 13.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on APP shares. Needham & Company LLC reaffirmed a “hold” rating on shares of AppLovin in a report on Tuesday, August 26th. Zacks Research downgraded AppLovin from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. BTIG Research upped their price target on AppLovin from $693.00 to $705.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Jefferies Financial Group increased their target price on AppLovin from $560.00 to $615.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AppLovin in a research note on Thursday. Twenty-one equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, AppLovin has an average rating of “Moderate Buy” and an average target price of $658.27.

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.