Westpac Banking Corp Purchases 1,014 Shares of AppLovin Corporation $APP

Westpac Banking Corp grew its position in shares of AppLovin Corporation (NASDAQ:APP) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,866 shares of the company’s stock after purchasing an additional 1,014 shares during the period. Westpac Banking Corp’s holdings in AppLovin were worth $5,554,000 at the end of the most recent quarter.

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

Insider Activity at AppLovin

In other AppLovin news, Director Eduardo Vivas sold 150,000 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $650.91, for a total value of $97,636,500.00. Following the completion of the sale, the director owned 7,133,292 shares in the company, valued at approximately $4,643,131,095.72. This trade represents a 2.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Arash Adam Foroughi sold 26,200 shares of AppLovin stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $440.23, for a total value of $11,534,026.00. Following the completion of the sale, the chief executive officer owned 2,590,054 shares in the company, valued at approximately $1,140,219,472.42. This represents a 1.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 484,338 shares of company stock valued at $243,010,812 in the last quarter. 13.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. BTIG Research lifted 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. Wells Fargo & Company upped their target price on shares of AppLovin from $633.00 to $721.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Wedbush raised their price target on AppLovin from $745.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft set a $705.00 price target on AppLovin and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, The Goldman Sachs Group increased their price objective on AppLovin from $630.00 to $720.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Twenty-one analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $658.27.

AppLovin Price Performance

APP opened at $557.70 on Friday. 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’s 50 day simple moving average is $615.01 and its 200 day simple moving average is $462.90. The firm has a market cap of $188.47 billion, a price-to-earnings ratio of 67.68, a PEG ratio of 2.99 and a beta of 2.50. AppLovin Corporation has a 1 year low of $200.50 and a 1 year high of $745.61.

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