Talon Private Wealth LLC Increases Stock Position in AppLovin Corporation $APP

Talon Private Wealth LLC raised its stake in shares of AppLovin Corporation (NASDAQ:APP) by 184.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,915 shares of the company’s stock after purchasing an additional 2,538 shares during the period. Talon Private Wealth LLC’s holdings in AppLovin were worth $2,017,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bouchey Financial Group Ltd. purchased a new stake in shares of AppLovin during the 2nd quarter valued at $204,000. The Manufacturers Life Insurance Company lifted its holdings in shares of AppLovin by 409.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 776,097 shares of the company’s stock worth $399,868,000 after acquiring an additional 623,815 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in AppLovin by 5.4% in the second quarter. Sequoia Financial Advisors LLC now owns 9,837 shares of the company’s stock worth $5,068,000 after acquiring an additional 508 shares in the last quarter. Bienville Capital Management LLC grew its position in AppLovin by 38.5% in the second quarter. Bienville Capital Management LLC now owns 22,444 shares of the company’s stock worth $11,564,000 after acquiring an additional 6,243 shares in the last quarter. Finally, Archford Capital Strategies LLC bought a new position in AppLovin in the second quarter valued at $258,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on APP shares. Wells Fargo & Company lowered their price target on AppLovin from $357.00 to $325.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 19th. Phillip Securities upgraded AppLovin from a “moderate buy” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Bank of America reissued a “neutral” rating and set a $400.00 price objective (down from $430.00) on shares of AppLovin in a report on Tuesday, August 11th. Piper Sandler dropped their target price on AppLovin from $385.00 to $325.00 and set a “neutral” rating for the company in a research report on Friday, August 21st. Finally, Needham & Company LLC cut their target price on AppLovin from $500.00 to $475.00 and set a “buy” rating for the company in a research note on Wednesday, August 26th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $538.09.

AppLovin Trading Up 3.0%

Shares of NASDAQ:APP traded up $9.47 on Friday, reaching $323.96. 3,750,436 shares of the company traded hands, compared to its average volume of 5,645,635. The stock has a market capitalization of $108.41 billion, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 0.64 and a beta of 2.49. The business’s 50-day simple moving average is $377.52 and its 200 day simple moving average is $438.09. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11. AppLovin Corporation has a 52 week low of $297.50 and a 52 week high of $745.61.

AppLovin (NASDAQ:APP) last released its earnings results on Tuesday, August 4th. The company reported $3.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $3.76. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.AppLovin’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.39 EPS. As a group, equities analysts anticipate that AppLovin Corporation will post 15.53 EPS for the current fiscal year.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Citi initiated a short-term upside view and set a $600 price target, a potentially significant catalyst for AppLovin given the target’s large premium to the recent trading range. Citi initiates short-term upside view on AppLovin
• Positive Sentiment: Recent coverage highlights AppLovin’s AI-powered advertising engine, strong monetization efficiency and exceptional margins. A separate analysis noted trailing operating margin expansion to 77.4% from 69.6%, suggesting profitability remains robust even as growth expectations have cooled. Should You Buy AppLovin Stock For Its Widening Margin?
• Positive Sentiment: AppLovin’s second-quarter revenue increased 53% year over year, and investors have recently focused on the potential for an AI-ad-tech rebound. Comparisons with Meta Platforms, Reddit and The Trade Desk also emphasize AppLovin’s scalable software model and high profitability. AppLovin vs. The Trade Desk
• Neutral Sentiment: Analysts collectively maintain a “Moderate Buy” recommendation, indicating generally constructive sentiment but not unanimous conviction. AppLovin receives Moderate Buy recommendation
• Negative Sentiment: Multiple reports cited analyst downgrades, which have pressured the stock and reinforced concerns that revenue growth is decelerating. Although sales continue to expand, investors are questioning whether AppLovin can sustain its earlier growth rate and justify its valuation after a sharp multi-month decline. AppLovin stock price following analyst downgrade

Insider Activity at AppLovin

In other AppLovin news, Director G Jr sold 3,076 shares of AppLovin stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $521.29, for a total value of $1,603,488.04. Following the transaction, the director directly owned 120,444 shares of the company’s stock, valued at $62,786,252.76. The trade was a 2.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eduardo Vivas sold 163,910 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $504.06, for a total value of $82,620,474.60. Following the completion of the sale, the director owned 6,785,087 shares of the company’s stock, valued at $3,420,090,953.22. The trade was a 2.36% decrease in their position. The SEC filing for this sale provides additional information. 12.81% of the stock is owned by company insiders.

AppLovin Company Profile

AppLovin Corporation (NASDAQ: APP) is a technology company that provides software and services designed to help mobile application developers grow their businesses. Its platform supports user acquisition, advertising, monetization, measurement and other functions that enable developers to attract users and generate revenue from their applications.

AppLovin’s offerings include AXON, an artificial-intelligence-powered software engine used to optimize advertising and user-acquisition campaigns; MAX, a platform for managing in-app advertising and mediation; and AppDiscovery, which helps developers promote their applications.