Cozad Asset Management Inc. Raises Stock Holdings in AppLovin Corporation $APP

Cozad Asset Management Inc. raised its position in shares of AppLovin Corporation (NASDAQ:APP) by 6.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 43,459 shares of the company’s stock after purchasing an additional 2,526 shares during the period. AppLovin comprises about 1.3% of Cozad Asset Management Inc.’s investment portfolio, making the stock its 17th largest position. Cozad Asset Management Inc.’s holdings in AppLovin were worth $15,214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Del Sette Capital Management LLC purchased a new position in AppLovin during the 2nd quarter valued at about $3,607,000. Mediolanum International Funds Ltd increased its stake in shares of AppLovin by 1.5% during the second quarter. Mediolanum International Funds Ltd now owns 44,226 shares of the company’s stock valued at $14,762,000 after purchasing an additional 662 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of AppLovin by 0.7% during the second quarter. Legal & General Group Plc now owns 1,417,199 shares of the company’s stock valued at $496,133,000 after purchasing an additional 9,711 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of AppLovin during the second quarter valued at approximately $252,000. Finally, DNB Asset Management AS boosted its position in shares of AppLovin by 23.1% in the 2nd quarter. DNB Asset Management AS now owns 44,389 shares of the company’s stock worth $15,540,000 after purchasing an additional 8,337 shares in the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at AppLovin

In related news, Director Dawson Alyssa Harvey sold 350 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $487.97, for a total value of $170,789.50. Following the sale, the director owned 3,150 shares in the company, valued at approximately $1,537,105.50. This trade represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Craig Scott Billings sold 2,350 shares of AppLovin stock in a transaction that occurred on 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 sale, the director directly owned 3,707 shares of the company’s stock, valued at approximately $2,197,954.44. This trade represents a 38.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 202,900 shares of company stock worth $123,646,538 in the last three months. 13.66% of the stock is currently owned by company insiders.

AppLovin Trading Down 0.1%

AppLovin stock opened at $520.26 on Friday. AppLovin Corporation has a one year low of $200.50 and a one year high of $745.61. The business’s fifty day moving average is $611.23 and its 200 day moving average is $469.95. The stock has a market capitalization of $175.82 billion, a PE ratio of 63.14, a price-to-earnings-growth ratio of 2.79 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 3.25.

AppLovin (NASDAQ:APP) last issued its earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, topping 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 return on equity of 258.49% and a net margin of 51.27%.AppLovin’s revenue was up 68.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. On average, sell-side analysts predict that AppLovin Corporation will post 6.87 EPS for the current year.

Analyst Ratings Changes

APP has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on AppLovin from $560.00 to $615.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Wedbush increased their target price on AppLovin from $745.00 to $800.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Piper Sandler raised their price target on AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Phillip Securities upgraded shares of AppLovin to a “moderate buy” rating in a research note on Monday, September 29th. Finally, Morgan Stanley raised their price objective on shares of AppLovin from $480.00 to $750.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Twenty-one analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $658.27.

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.