AppLovin Corporation $APP Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC trimmed its stake in shares of AppLovin Corporation (NASDAQ:APP) by 19.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 259,661 shares of the company’s stock after selling 61,714 shares during the period. AppLovin comprises about 1.3% of TimesSquare Capital Management LLC’s holdings, making the stock its 18th biggest holding. TimesSquare Capital Management LLC owned 0.08% of AppLovin worth $90,902,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of AppLovin by 7.3% in the first quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company’s stock worth $4,724,594,000 after acquiring an additional 1,213,536 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of AppLovin by 36.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock valued at $1,745,752,000 after buying an additional 1,769,400 shares in the last quarter. Baillie Gifford & Co. lifted its position in shares of AppLovin by 29.0% in the first quarter. Baillie Gifford & Co. now owns 5,270,355 shares of the company’s stock worth $1,396,486,000 after purchasing an additional 1,185,859 shares in the last quarter. Invesco Ltd. boosted its stake in shares of AppLovin by 32.9% during the 1st quarter. Invesco Ltd. now owns 4,011,306 shares of the company’s stock valued at $1,062,876,000 after buying an additional 992,316 shares during the period. Finally, Kensico Capital Management Corp increased its position in AppLovin by 12.9% in the 1st quarter. Kensico Capital Management Corp now owns 2,879,000 shares of the company’s stock worth $762,849,000 after purchasing an additional 328,000 shares during the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.

AppLovin Price Performance

NASDAQ:APP opened at $594.91 on Wednesday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25. The company has a 50-day moving average of $610.59 and a 200-day moving average of $458.23. AppLovin Corporation has a 52 week low of $200.50 and a 52 week high of $745.61. The company has a market capitalization of $201.23 billion, a price-to-earnings ratio of 72.20, a PEG ratio of 3.48 and a beta of 2.50.

AppLovin (NASDAQ:APP) last issued its earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.34 by $0.11. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The firm’s revenue for the quarter was up 68.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

Insider Buying and Selling at AppLovin

In other news, Director Craig Scott Billings sold 2,350 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $592.92, for a total transaction of $1,393,362.00. Following the transaction, the director directly owned 3,707 shares in the company, valued at approximately $2,197,954.44. This represents a 38.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Arash Adam Foroughi sold 26,200 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 2,590,054 shares in the company, valued at $1,140,219,472.42. This trade represents a 1.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 634,138 shares of company stock worth $275,386,598 over the last 90 days. Company insiders own 13.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Benchmark upped their price objective on shares of AppLovin from $640.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Phillip Securities raised shares of AppLovin to a “moderate buy” rating in a report on Monday, September 29th. Jefferies Financial Group raised their price target on shares of AppLovin from $560.00 to $615.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. upped their price objective on shares of AppLovin from $425.00 to $650.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Finally, Bank of America increased their target price on shares of AppLovin from $580.00 to $860.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Twenty-one 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $659.64.

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.