Anchor Investment Management LLC Takes $616,000 Position in AppLovin Corporation $APP

Anchor Investment Management LLC purchased a new position in shares of AppLovin Corporation (NASDAQ:APP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,548 shares of the company’s stock, valued at approximately $616,000.

Several other hedge funds have also made changes to their positions in the business. Diversify Wealth Management LLC grew its holdings in shares of AppLovin by 188.1% in the first quarter. Diversify Wealth Management LLC now owns 17,190 shares of the company’s stock valued at $6,842,000 after purchasing an additional 11,224 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in AppLovin by 0.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,128 shares of the company’s stock valued at $25,125,000 after buying an additional 165 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new position in AppLovin in the 1st quarter valued at approximately $25,927,000. Fifth Third Bancorp grew its stake in shares of AppLovin by 662.1% in the first quarter. Fifth Third Bancorp now owns 46,665 shares of the company’s stock worth $18,573,000 after acquiring an additional 40,542 shares in the last quarter. Finally, Sovran Advisors LLC grew its stake in shares of AppLovin by 5.7% in the first quarter. Sovran Advisors LLC now owns 517 shares of the company’s stock worth $206,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Jefferies survey data suggests AppLovin is gaining e-commerce ad share as advertisers expand platform use, with its share of advertiser budgets rising to 11.1%, reinforcing the view that its ad tech is still taking share. Article on Jefferies survey and budget share gains
• Positive Sentiment: Analysts remain constructive, with BTIG reaffirming a Buy rating and a $640 price target, while other reports point to AppLovin’s strong earnings execution, revenue growth, and expanding margins. BTIG price target and earnings outlook article
• Positive Sentiment: Market commentary highlights that investors are closely watching AppLovin’s growth story, which can support momentum when sentiment around AI and ad-tech leaders is strong. Zacks article on investor interest
• Neutral Sentiment: Short-interest data showed no reported short interest as of July 10, so this update does not appear to signal meaningful bearish positioning.
• Negative Sentiment: Director Maynard G. Webb, Jr. sold 3,076 shares worth about $1.6 million, which may weigh on sentiment even though he still retains a large position. SEC filing on insider sale
• Negative Sentiment: New reporting raised questions about political donations and Chinese investor ties, introducing potential reputational and geopolitical overhangs for AppLovin (APP). Yahoo Finance article on political donations and investor ties

Insider Buying and Selling at AppLovin

In other news, insider Victoria Valenzuela sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was 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 directly owned 243,961 shares of the company’s stock, valued at approximately $138,055,090.29. The trade was a 7.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Arash Adam Foroughi sold 22,544 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $494.98, for a total value of $11,158,829.12. Following the completion of the sale, the chief executive officer directly owned 2,327,684 shares of the company’s stock, valued at approximately $1,152,157,026.32. This trade represents a 0.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 393,000 shares of company stock valued at $197,297,363. 13.66% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on APP. Wedbush reaffirmed an “outperform” rating and set a $640.00 price objective on shares of AppLovin in a research report on Thursday, May 7th. Weiss Ratings raised shares of AppLovin from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. BTIG Research reiterated a “buy” rating and issued a $640.00 price target on shares of AppLovin in a research note on Thursday, May 7th. Argus initiated coverage on shares of AppLovin in a report on Tuesday, April 14th. They set a “buy” rating and a $520.00 price target for the company. Finally, Piper Sandler reissued an “overweight” rating on shares of AppLovin in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, AppLovin presently has an average rating of “Moderate Buy” and a consensus price target of $668.45.

AppLovin Stock Performance

Shares of AppLovin stock opened at $506.98 on Monday. The firm’s 50 day moving average is $509.16 and its two-hundred day moving average is $497.50. AppLovin Corporation has a 52 week low of $332.32 and a 52 week high of $745.61. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $170.31 billion, a P/E ratio of 43.55, a P/E/G ratio of 0.82 and a beta of 2.49.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, May 6th. The company reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.12. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm posted $1.67 EPS. The company’s revenue was up 58.9% on a year-over-year basis. Research analysts forecast that AppLovin Corporation will post 15.93 EPS for the current fiscal 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.