Flputnam Investment Management Co. Sells 4,866 Shares of AppLovin Corporation $APP

Flputnam Investment Management Co. lowered its position in AppLovin Corporation (NASDAQ:APP) by 7.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 62,694 shares of the company’s stock after selling 4,866 shares during the quarter. Flputnam Investment Management Co.’s holdings in AppLovin were worth $32,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of APP. State Street Corp grew its position in shares of AppLovin by 0.4% in the 4th quarter. State Street Corp now owns 11,904,843 shares of the company’s stock valued at $8,021,721,000 after buying an additional 52,377 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of AppLovin by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 7,167,003 shares of the company’s stock worth $4,817,269,000 after acquiring an additional 448,005 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in AppLovin by 3.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,089,735 shares of the company’s stock valued at $4,103,386,000 after acquiring an additional 212,349 shares during the last quarter. Morgan Stanley boosted its holdings in AppLovin by 10.7% in the fourth quarter. Morgan Stanley now owns 5,561,646 shares of the company’s stock valued at $3,747,551,000 after acquiring an additional 538,806 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in AppLovin by 5.2% during the 1st quarter. WCM Investment Management LLC now owns 5,001,600 shares of the company’s stock valued at $1,860,995,000 after purchasing an additional 245,290 shares during the period. 41.85% of the stock is currently owned by institutional investors and hedge funds.

AppLovin Price Performance

AppLovin stock opened at $317.76 on Friday. The stock has a market capitalization of $106.34 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 0.64 and a beta of 2.54. AppLovin Corporation has a 52-week low of $297.50 and a 52-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 stock’s 50 day moving average price is $409.53 and its two-hundred day moving average price is $444.27.

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

Insider Activity at AppLovin

In other news, Director Eduardo Vivas sold 163,910 shares of the 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 transaction, the director owned 6,785,087 shares of the company’s stock, valued at $3,420,090,953.22. This represents a 2.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Victoria Valenzuela sold 20,000 shares of the firm’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 completion of the sale, the insider owned 243,961 shares of the company’s stock, valued at approximately $138,055,090.29. This represents a 7.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over 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.

Key Headlines 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

Analyst Upgrades and Downgrades

APP has been the subject of several analyst reports. Phillip Securities upgraded shares of AppLovin from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Bank of America reaffirmed a “neutral” rating and issued a $400.00 price objective (down from $430.00) on shares of AppLovin in a research note on Tuesday, August 11th. Citigroup lowered their target price on shares of AppLovin from $710.00 to $650.00 and set a “buy” rating for the company in a research note on Friday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of AppLovin from $500.00 to $515.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, UBS Group cut their price target on shares of AppLovin from $798.00 to $790.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $552.74.

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.