Ferguson Wellman Capital Management Inc. Purchases 1,948 Shares of AppLovin Corporation $APP

Ferguson Wellman Capital Management Inc. raised its position in AppLovin Corporation (NASDAQ:APP) by 3.0% in the second quarter, HoldingsChannel reports. The fund owned 67,092 shares of the company’s stock after purchasing an additional 1,948 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in AppLovin were worth $34,568,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of APP. Signature Estate & Investment Advisors LLC increased its position in shares of AppLovin by 3,695.3% in the second quarter. Signature Estate & Investment Advisors LLC now owns 76,361 shares of the company’s stock valued at $39,345,000 after buying an additional 74,349 shares in the last quarter. Insight Wealth Strategies LLC purchased a new position in shares of AppLovin during the 2nd quarter valued at approximately $6,939,000. Generate Investment Management Ltd purchased a new position in shares of AppLovin during the 2nd quarter valued at approximately $7,226,000. Asset Management One Co. Ltd. grew its stake in AppLovin by 6.5% in the 2nd quarter. Asset Management One Co. Ltd. now owns 105,909 shares of the company’s stock valued at $54,567,000 after acquiring an additional 6,424 shares during the period. Finally, Fifth Third Bancorp grew its stake in AppLovin by 312.0% in the 4th quarter. Fifth Third Bancorp now owns 6,123 shares of the company’s stock valued at $4,126,000 after acquiring an additional 4,637 shares during the period. Institutional investors own 41.85% of the company’s stock.

Insider Buying and Selling at AppLovin

In related news, Director Eduardo Vivas sold 163,910 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $504.06, for a total transaction 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 approximately $3,420,090,953.22. This represents a 2.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maynard G. Webb, Jr. sold 3,076 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $521.29, for a total transaction of $1,603,488.04. Following the completion of the sale, the director owned 120,444 shares of the company’s stock, valued at approximately $62,786,252.76. The trade was a 2.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 294,228 shares of company stock valued at $148,403,985. Insiders own 12.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APP. Weiss Ratings upgraded shares of AppLovin from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Needham & Company LLC dropped their target price on shares of AppLovin from $500.00 to $475.00 and set a “buy” rating on the stock in a research report on Wednesday. Wells Fargo & Company cut their target price on shares of AppLovin from $357.00 to $325.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 19th. BTIG Research reduced their price target on shares of AppLovin from $574.00 to $408.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $400.00 price target (down from $430.00) on shares of AppLovin in a research note on Tuesday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $552.74.

AppLovin Trading Up 1.6%

Shares of APP stock opened at $317.76 on Friday. The stock’s fifty day moving average is $409.53 and its two-hundred day moving average is $444.27. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.30 and a current ratio of 4.30. The firm has a market capitalization of $106.34 billion, a P/E ratio of 24.42, a PEG ratio of 0.63 and a beta of 2.54. AppLovin Corporation has a fifty-two week low of $297.50 and a fifty-two 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 (EPS) for the quarter, hitting analysts’ consensus estimates of $3.76. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The company’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.39 earnings per share. Research analysts expect that AppLovin Corporation will post 15.53 earnings per share for the current fiscal year.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Options activity was unusually heavy, with traders purchasing 47,438 call options—about 32% above the average call volume. The activity may indicate renewed speculative interest or expectations for a recovery, although options flow is not a definitive forecast. Do Options Traders Know Something About AppLovin Stock We Don’t?
• Positive Sentiment: AppLovin’s valuation has become more supportable after a roughly 54% year-to-date selloff. Its reported fundamentals remain strong, including 52.8% year-over-year revenue growth, a high net margin and substantial cash generation, helping fuel the value-oriented rebound thesis. AppLovin Rises After Year-to-Date Slide
• Neutral Sentiment: A comparison with Meta Platforms highlights AppLovin’s faster percentage growth but Meta’s much larger scale. Investors are assessing whether AppLovin can sustain its growth advantage.
• Negative Sentiment: Needham & Company lowered its expectations for AppLovin’s stock price, potentially limiting the recovery and reinforcing concerns about valuation or future growth.
• Negative Sentiment: Recent analysis emphasizes that AppLovin has historically experienced sharper declines than the broader market. Another comparison found Coherent more attractive based on faster expected growth, stronger earnings-estimate momentum and a lower valuation, despite AppLovin’s superior margins and cash flow. AppLovin Stock Has Already Taken a Shock-Sized Fall

About AppLovin

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.