AppLovin Corporation $APP Stock: Westside Investment Management Inc. Boosts Stake

Westside Investment Management Inc. increased its position in AppLovin Corporation (NASDAQ:APP) by 631.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,253 shares of the company’s stock after acquiring an additional 5,398 shares during the quarter. Westside Investment Management Inc.’s holdings in AppLovin were worth $1,816,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in AppLovin by 28.3% during the second quarter. State Street Corp now owns 15,095,667 shares of the company’s stock valued at $7,777,741,000 after purchasing an additional 3,328,338 shares during the last quarter. Bank of New York Mellon Corp bought a new position in AppLovin during the second quarter worth about $730,015,000. Fundsmith LLP bought a new position in AppLovin during the second quarter worth about $358,893,000. The Manufacturers Life Insurance Company increased its stake in shares of AppLovin by 409.6% in the second quarter. The Manufacturers Life Insurance Company now owns 776,097 shares of the company’s stock worth $399,868,000 after purchasing an additional 623,815 shares in the last quarter. Finally, AMF Tjanstepension AB increased its stake in shares of AppLovin by 843.2% in the third quarter. AMF Tjanstepension AB now owns 433,162 shares of the company’s stock worth $125,803,000 after purchasing an additional 387,237 shares in the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Trending Headlines about AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin reported third-quarter revenue of $2.18 billion, up 55.5% year over year, and earnings of $4.30 per share, beating analyst estimates. Net income also rose 72% to about $1.44 billion. AppLovin stock soars after Q3 earnings, outlook beat
• Positive Sentiment: The company forecast fourth-quarter revenue of $2.365 billion to $2.395 billion, above analysts’ expectations. Management said its AI-powered advertising model rollout is continuing, supporting optimism about further growth. AppLovin forecasts Q4 revenue as model rollout continues
• Positive Sentiment: Strong cash generation bolstered investor confidence: reports cited about $1.4 billion in free cash flow, and AppLovin expanded its share-repurchase authorization to $3.6 billion. RBC also raised its price target to $520 and maintained an outperform rating. AppLovin earnings and buyback
• Neutral Sentiment: Analysts welcomed the quarter but noted that longer-term growth visibility remains uncertain as the AI advertising tools continue to roll out. BofA comments on AppLovin’s Q3 beat
• Negative Sentiment: A securities class action and related law-firm notices remain an overhang. The lawsuit alleges AppLovin misrepresented the readiness and adoption of its AI models and self-service ad tools; the claims are allegations, not established findings. AppLovin securities class-action notice

AppLovin Stock Up 31.0%

APP stock opened at $356.10 on Friday. 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 firm has a market capitalization of $119.17 billion, a PE ratio of 23.96, a PEG ratio of 0.60 and a beta of 2.51. AppLovin Corporation has a twelve month low of $225.19 and a twelve month high of $738.01. The stock has a 50-day simple moving average of $291.78 and a two-hundred day simple moving average of $410.78.

AppLovin (NASDAQ:APP) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $4.30 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.27. AppLovin had a return on equity of 196.31% and a net margin of 65.89%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the business posted $2.45 earnings per share. The company’s revenue was up 55.5% on a year-over-year basis. On average, equities analysts predict that AppLovin Corporation will post 15.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

APP has been the topic of several research reports. UBS Group lowered their price target on shares of AppLovin from $790.00 to $414.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Royal Bank Of Canada raised their price objective on shares of AppLovin from $500.00 to $520.00 and gave the stock an “outperform” rating in a report on Thursday. Daiwa Securities Group reduced their price objective on shares of AppLovin from $569.00 to $345.00 and set an “outperform” rating for the company in a research note on Wednesday, August 19th. Wells Fargo & Company reduced their price objective 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. Finally, Oppenheimer reissued an “outperform” rating and set a $520.00 target price (up from $490.00) on shares of AppLovin in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $497.14.

AppLovin Company Profile

AppLovin Corporation is a technology company that provides software and services designed to help mobile application developers grow, monetize and operate their businesses. Its platform supports user acquisition, advertising, mediation, analytics and other functions across the mobile app ecosystem.

The company’s principal products include AppDiscovery, which helps developers market their applications and acquire users; MAX, an in-app bidding and monetization platform; and its AXON technology, an artificial intelligence-powered engine intended to improve advertising performance and match users with relevant applications and content.