GTS Securities LLC Decreases Stock Holdings in AppLovin Corporation $APP

GTS Securities LLC decreased its stake in shares of AppLovin Corporation (NASDAQ:APP) by 57.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,937 shares of the company’s stock after selling 2,594 shares during the period. GTS Securities LLC’s holdings in AppLovin were worth $998,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC bought a new position in shares of AppLovin during the 1st quarter valued at $25,000. Washington Trust Advisors Inc. grew its holdings in shares of AppLovin by 160.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock worth $27,000 after acquiring an additional 24 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in shares of AppLovin in the fourth quarter worth $27,000. Pioneer Family Office LLC bought a new stake in shares of AppLovin in the second quarter worth $31,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in AppLovin during the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Piper Sandler lowered their target price on AppLovin from $385.00 to $325.00 and set a “neutral” rating on the stock in a report on Friday, August 21st. Scotiabank restated a “sector outperform” rating and set a $515.00 price target on shares of AppLovin in a research note on Thursday, August 6th. Benchmark lowered their price objective on shares of AppLovin from $500.00 to $440.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Weiss Ratings raised shares of AppLovin from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Finally, BTIG Research cut their target price 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. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, AppLovin presently has an average rating of “Moderate Buy” and an average price target of $552.74.

Insider Buying and Selling

In other AppLovin news, CEO Arash Adam Foroughi sold 33,042 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,153,755,469.45. This trade represents a 1.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victoria Valenzuela sold 20,000 shares of AppLovin stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $565.89, for a total transaction of $11,317,800.00. Following the transaction, the insider directly owned 243,961 shares in the company, valued at $138,055,090.29. This represents a 7.58% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 294,228 shares of company stock valued at $148,403,985. Insiders own 12.81% of the company’s stock.

Trending Headlines about 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

AppLovin Price Performance

NASDAQ APP opened at $317.76 on Friday. The business’s fifty day moving average is $409.53 and its 200 day moving average is $444.27. 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 capitalization of $106.34 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 0.64 and a beta of 2.54.

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