Westwind Capital Has $915,000 Position in AppLovin Corporation $APP

Westwind Capital raised its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 1,108.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,776 shares of the company’s stock after purchasing an additional 1,629 shares during the quarter. Westwind Capital’s holdings in AppLovin were worth $915,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new position in AppLovin in the 1st quarter valued at about $25,000. Washington Trust Advisors Inc. boosted its stake in AppLovin by 160.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock valued at $27,000 after purchasing an additional 24 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in AppLovin during the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC bought a new stake in AppLovin during the 4th quarter worth approximately $32,000. Finally, First Pacific Financial purchased a new stake in shares of AppLovin in the first quarter worth approximately $33,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

Insider Activity

In other news, Director Maynard G. Webb, Jr. sold 3,076 shares of AppLovin stock in a transaction on Monday, July 6th. The stock was sold at an average price of $521.29, for a total transaction of $1,603,488.04. Following the sale, the director directly owned 120,444 shares in the company, valued at $62,786,252.76. The trade was a 2.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Victoria Valenzuela sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $565.89, for a total transaction of $11,317,800.00. Following the completion of the transaction, the insider directly owned 243,961 shares in the company, valued at $138,055,090.29. This trade represents a 7.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 393,000 shares of company stock worth $197,297,363. 12.81% of the stock is owned by insiders.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin’s third-quarter guidance points to sequential revenue-growth reacceleration while maintaining an approximately 83% margin, even as the company continues investing in AI computing capacity. AppLovin Q3 Guidance Signals Reacceleration After a Mixed Q2 Print
• Positive Sentiment: Despite recent weakness, analysts and valuation commentary continue to highlight APP’s rapid revenue growth, very high margins and potential upside from depressed levels. BTIG retained a “buy” rating with a $408 target, while Phillip Securities upgraded the stock to “strong buy.” BTIG AppLovin Price Target
• Positive Sentiment: AppLovin is promoting its advertising platform to demonstrate that its technology can compete effectively in the digital-ad market, potentially supporting future customer adoption and growth. AppLovin Wants To Persuade The World That Its Ad Platform Is The Real Deal
• Neutral Sentiment: Bank of America assigned AppLovin a “neutral” rating, reflecting a balance between the company’s growth opportunity and execution or valuation risks. AppLovin Earns Neutral Rating from Bank of America
• Negative Sentiment: The recent selloff was intensified by a prior analyst downgrade and concerns surrounding a mixed second-quarter report. Although EPS met expectations and revenue grew strongly year over year, revenue fell short of estimates, while investors remain concerned about execution in e-commerce, limited visibility and continued AI-investment costs. Why AppLovin Stock Slumped
• Negative Sentiment: BTIG cut its price target substantially, even while maintaining a buy rating, underscoring that analysts have lowered expectations after the stock’s decline. The broader debate remains whether APP represents a discounted growth opportunity or a deteriorating growth story. AppLovin at 52-Week Low

Analysts Set New Price Targets

A number of research firms have recently weighed in on APP. BTIG Research dropped their target price on AppLovin from $574.00 to $408.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group decreased their price target on AppLovin from $798.00 to $790.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Piper Sandler lowered AppLovin from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $665.00 to $385.00 in a research report on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on AppLovin from $500.00 to $515.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Bank of America restated a “neutral” rating and set a $400.00 price objective (down from $430.00) on shares of AppLovin in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, AppLovin has a consensus rating of “Moderate Buy” and a consensus target price of $565.91.

AppLovin Stock Performance

APP stock opened at $312.67 on Friday. The firm has a market cap of $105.04 billion, a PE ratio of 24.03, a P/E/G ratio of 0.61 and a beta of 2.54. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average of $452.68 and a 200-day moving average of $457.05. AppLovin Corporation has a 12-month low of $303.17 and a 12-month high of $745.61.

AppLovin (NASDAQ:APP) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $3.76 EPS for the quarter, hitting analysts’ consensus estimates of $3.76. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $2.39 earnings per share. AppLovin’s quarterly revenue was up 52.8% compared to the same quarter last year. As a group, sell-side analysts expect that AppLovin Corporation will post 15.57 earnings per share for the current year.

AppLovin Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.