AppLovin Corporation $APP Holdings Lifted by Lido Advisors LLC

Lido Advisors LLC boosted its position in shares of AppLovin Corporation (NASDAQ:APP) by 157.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,666 shares of the company’s stock after acquiring an additional 12,038 shares during the period. Lido Advisors LLC’s holdings in AppLovin were worth $5,712,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of APP. State Street Corp lifted its position in shares of AppLovin by 28.3% during the 2nd quarter. State Street Corp now owns 15,095,667 shares of the company’s stock worth $7,777,741,000 after purchasing an additional 3,328,338 shares during the last quarter. WCM Investment Management LLC increased its holdings in AppLovin by 5.2% in the first quarter. WCM Investment Management LLC now owns 5,001,600 shares of the company’s stock valued at $1,860,995,000 after buying an additional 245,290 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in AppLovin by 7.5% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,735,471 shares of the company’s stock valued at $894,167,000 after buying an additional 121,605 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in AppLovin in the second quarter valued at $730,015,000. Finally, Amundi raised its stake in AppLovin by 19.5% in the second quarter. Amundi now owns 1,332,633 shares of the company’s stock valued at $686,612,000 after buying an additional 217,214 shares in the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting AppLovin

Investors following APP have been watching these headlines:

• Neutral Sentiment: AppLovin had risen sharply over the prior month, leaving investors weighing its growth prospects against whether the rally had run too far. AppLovin Just Ripped 47% in a Month: Is It Too Late to Buy APP Stock Now?
• Negative Sentiment: Several law firms publicized a pending securities class action and the November 16 lead-plaintiff deadline. The lawsuit alleges that AppLovin’s statements about the progress and adoption of its AI models and self-service advertising tools were misleading; these are allegations, not findings. The legal overhang may weigh on sentiment. AppLovin Investors Alert
• Negative Sentiment: A Seeking Alpha article downgraded the stock, arguing that valuation concerns outweigh the company’s execution—another potential headwind after the recent rally. AppLovin: Valuation Trumps Execution (Rating Downgrade)

AppLovin Trading Down 2.7%

Shares of AppLovin stock opened at $393.68 on Friday. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 1.07. The company has a fifty day simple moving average of $300.22 and a 200-day simple moving average of $407.35. The stock has a market cap of $131.75 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 0.82 and a beta of 2.51. AppLovin Corporation has a 12-month low of $225.19 and a 12-month high of $738.01.

AppLovin (NASDAQ:APP) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $4.30 EPS for the quarter, topping the consensus estimate of $4.03 by $0.27. AppLovin had a net margin of 65.89% and a return on equity of 182.97%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business earned $2.45 EPS. AppLovin’s revenue for the quarter was up 55.5% compared to the same quarter last year. On average, equities analysts forecast that AppLovin Corporation will post 16.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Loop Capital decreased their price target on AppLovin from $860.00 to $600.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Scotiabank lowered their price objective on AppLovin from $515.00 to $450.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 5th. Jefferies Financial Group dropped their price objective on AppLovin from $550.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Citigroup cut their target price on AppLovin from $600.00 to $500.00 and set a “buy” rating on the stock in a research report on Monday, October 19th. Finally, Evercore restated an “outperform” rating and set a $510.00 target price (down from $630.00) on shares of AppLovin in a research note on Tuesday, September 1st. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $497.93.

About AppLovin

AppLovin is a technology company that provides software to help mobile app developers and advertisers grow their businesses. Its platform connects advertisers seeking users with app publishers looking to monetize their audiences, using data and machine-learning tools to support advertising and user acquisition. The company’s products include AXON, its advertising optimization engine; AppDiscovery, which helps advertisers find and acquire users; and MAX, a platform for managing in-app advertising.