BTG Pactual Asset Management US LLC Purchases 2,911 Shares of AppLovin Corporation $APP

BTG Pactual Asset Management US LLC lifted its holdings in AppLovin Corporation (NASDAQ:APP) by 134.4% in the second quarter, HoldingsChannel reports. The firm owned 5,077 shares of the company’s stock after purchasing an additional 2,911 shares during the quarter. BTG Pactual Asset Management US LLC’s holdings in AppLovin were worth $2,616,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Revolve Wealth Partners LLC increased its holdings in shares of AppLovin by 2.8% in the 2nd quarter. Revolve Wealth Partners LLC now owns 851 shares of the company’s stock worth $438,000 after buying an additional 23 shares during the last quarter. Alta Wealth Advisors LLC lifted its holdings in shares of AppLovin by 0.6% in the 4th quarter. Alta Wealth Advisors LLC now owns 3,925 shares of the company’s stock valued at $2,645,000 after acquiring an additional 24 shares during the last quarter. Washington Trust Advisors Inc. lifted its holdings in shares of AppLovin by 160.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock valued at $27,000 after acquiring an additional 24 shares during the last quarter. IMA Advisory Services Inc. grew its position in AppLovin by 40.0% in the first quarter. IMA Advisory Services Inc. now owns 84 shares of the company’s stock worth $33,000 after acquiring an additional 24 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in AppLovin by 2.2% in the third quarter. Rehmann Capital Advisory Group now owns 1,115 shares of the company’s stock worth $828,000 after acquiring an additional 24 shares in the last quarter. Institutional investors own 41.85% of the company’s stock.

AppLovin News Summary

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Weiss Ratings upgraded 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 AppLovin from $500.00 to $475.00 and set a “buy” rating for the company in a report on Wednesday, August 26th. Citigroup cut their target price on AppLovin from $710.00 to $650.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. KeyCorp set a $775.00 price target on AppLovin in a research report on Wednesday, June 10th. Finally, BTIG Research dropped their price objective on shares of AppLovin from $574.00 to $408.00 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Three 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 presently has an average rating of “Moderate Buy” and an average price target of $552.74.

Insider Activity at AppLovin

In other news, insider Victoria Valenzuela sold 20,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $565.89, for a total value of $11,317,800.00. Following the transaction, the insider directly owned 243,961 shares in the company, valued at approximately $138,055,090.29. This represents a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Arash Adam Foroughi sold 33,042 shares of AppLovin stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $486.95, for a total transaction of $16,089,801.90. Following the sale, the chief executive officer owned 2,369,351 shares of the company’s stock, valued at $1,153,755,469.45. The trade was a 1.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 294,228 shares of company stock valued at $148,403,985. Company insiders own 12.81% of the company’s stock.

AppLovin Stock Performance

Shares of NASDAQ APP opened at $317.76 on Monday. AppLovin Corporation has a fifty-two week low of $297.50 and a fifty-two week high of $745.61. 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 company has a market cap of $106.34 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 0.64 and a beta of 2.54. The business’s 50 day moving average price is $409.53 and its 200-day moving average price is $444.16.

AppLovin (NASDAQ:APP) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 EPS for the quarter, meeting the consensus estimate of $3.76. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company posted $2.39 EPS. AppLovin’s quarterly revenue was up 52.8% on a year-over-year basis. On average, sell-side analysts expect that AppLovin Corporation will post 15.53 earnings per share for the current year.

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.