O Neil Global Advisors Inc. Makes New $3.52 Million Investment in AppLovin Corporation $APP

O Neil Global Advisors Inc. bought a new position in shares of AppLovin Corporation (NASDAQ:APP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,900 shares of the company’s stock, valued at approximately $3,521,000. AppLovin makes up approximately 0.6% of O Neil Global Advisors Inc.’s investment portfolio, making the stock its 18th largest position.

Several other institutional investors also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC raised its holdings in shares of AppLovin by 58.6% during the third quarter. CBIZ Investment Advisory Services LLC now owns 46 shares of the company’s stock valued at $33,000 after acquiring an additional 17 shares during the last quarter. Versant Capital Management Inc increased its position in shares of AppLovin by 2.8% during the third quarter. Versant Capital Management Inc now owns 701 shares of the company’s stock worth $504,000 after purchasing an additional 19 shares in the last quarter. Optas LLC raised its stake in AppLovin by 2.5% in the 3rd quarter. Optas LLC now owns 877 shares of the company’s stock valued at $630,000 after purchasing an additional 21 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its stake in AppLovin by 19.6% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 134 shares of the company’s stock valued at $96,000 after purchasing an additional 22 shares during the last quarter. Finally, Avestar Capital LLC lifted its holdings in AppLovin by 2.1% in the 2nd quarter. Avestar Capital LLC now owns 1,117 shares of the company’s stock valued at $391,000 after purchasing an additional 23 shares in the last quarter. 41.85% of the stock is currently owned by institutional investors and hedge funds.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Record results and margin strength are supporting sentiment — AppLovin reported a blowout quarter (record revenue, high margins, $3.24 EPS) that beats expectations and underpins bullish analyst commentary. AppLovin Stock Jumps. Why the Market’s Suddenly Excited About It.
• Positive Sentiment: Reports that AppLovin is pursuing its own social media/network product (after a failed TikTok bid) are being viewed as a potential growth/monetization lever, helping drive buying interest. AppLovin Stock Rallies After Rough Start To Year. Here’s Why.
• Positive Sentiment: Analysts and commentary pieces are turning bullish following the strong results, which supports a higher valuation narrative for a company that has evolved into a profitable ad platform. Analysts Bullish On AppLovin Corporation (APP) Outlook Following Impressive Results
• Neutral Sentiment: Macro/newsflow context: broader market conditions and upcoming economic releases are influencing trading; some market summaries highlight AppLovin among movers but focus is also on GDP and inflation data. 5 Things to Know Before the Stock Market Opens
• Neutral Sentiment: Short interest data reported in some feeds appears inconsistent/erroneous (zeros and NaN), so don’t treat those prints as a reliable signal for squeeze risk. (Data posted 2/18–2/19).
• Negative Sentiment: Regulatory risk: Bloomberg reports the SEC’s investigation into AppLovin remains active — this ongoing probe raises uncertainty and could pressure sentiment until resolved. SEC probe involving AppLovin still active, Bloomberg News reports
• Negative Sentiment: Despite its best quarter, the stock endured a sharp pullback recently — analysts and pieces flag competition (Meta, others) and sector weakness as reasons the market punished shares, highlighting execution and competitive risk. How Low Can AppLovin Stock Go? APP Declines 29% in a Month

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on APP shares. Wells Fargo & Company dropped their target price on shares of AppLovin from $735.00 to $543.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Wedbush upped their price objective on shares of AppLovin from $465.00 to $640.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Citigroup lowered their target price on AppLovin from $820.00 to $710.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of AppLovin in a research note on Thursday, February 12th. Finally, BTIG Research dropped their price target on shares of AppLovin from $771.00 to $640.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Twenty-one equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $651.77.

Insider Buying and Selling

In other news, Director Dawson Alyssa Harvey sold 150 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $693.32, for a total value of $103,998.00. Following the sale, the director directly owned 2,829 shares in the company, valued at approximately $1,961,402.28. This trade represents a 5.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Victoria Valenzuela sold 7,609 shares of AppLovin stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $657.13, for a total transaction of $5,000,102.17. Following the sale, the insider directly owned 277,110 shares of the company’s stock, valued at approximately $182,097,294.30. This trade represents a 2.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 13.66% of the stock is owned by insiders.

AppLovin Stock Performance

NASDAQ:APP opened at $418.68 on Monday. AppLovin Corporation has a 52 week low of $200.50 and a 52 week high of $745.61. The company has a fifty day simple moving average of $566.47 and a two-hundred day simple moving average of $573.74. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 1.65. The company has a market cap of $141.49 billion, a price-to-earnings ratio of 42.94, a price-to-earnings-growth ratio of 0.86 and a beta of 2.49.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, February 11th. The company reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.35. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.61 billion. AppLovin had a return on equity of 245.64% and a net margin of 57.42%.AppLovin’s revenue was up 66.0% compared to the same quarter last year. During the same period last year, the business posted $1.73 earnings per share. As a group, equities analysts anticipate that AppLovin Corporation will post 6.87 earnings per share for the current fiscal 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.