Handelsbanken Fonder AB Sells 14,919 Shares of AppLovin Corporation $APP

Handelsbanken Fonder AB lessened its position in shares of AppLovin Corporation (NASDAQ:APP) by 13.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,780 shares of the company’s stock after selling 14,919 shares during the quarter. Handelsbanken Fonder AB’s holdings in AppLovin were worth $48,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Cassaday & Co Wealth Management LLC acquired a new stake in AppLovin during the first quarter worth $25,000. Washington Trust Advisors Inc. raised its stake in shares of AppLovin by 160.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock valued at $27,000 after buying an additional 24 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of AppLovin during the 4th quarter worth about $27,000. Laurel Wealth Advisors LLC bought a new position in shares of AppLovin during the 4th quarter worth about $32,000. Finally, First Pacific Financial acquired a new stake in shares of AppLovin during the 1st quarter valued at about $33,000. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Some analysts argue the selloff has created an attractive entry point. AppLovin delivered 53% year-over-year second-quarter revenue growth and margins above 75%, while expansion into consumer brands, non-gaming applications, web and connected TV could materially increase its addressable market. AppLovin: I Am Buying The Q2 Stock Plunge
• Positive Sentiment: Other commentary maintains that the market overreacted to AppLovin’s earnings and favors APP over Unity, citing the company’s scale, profitability and long-term artificial-intelligence-driven growth potential. AppLovin Vs. Unity: Buy The Former, The Market Got It Wrong On Earnings
• Neutral Sentiment: Bank of America reaffirmed a Neutral rating but reduced its price target to $400 from $430. The revised target remains above the recent trading level, suggesting potential upside, but reflects lower confidence in the company’s near-term execution. Benzinga analyst note
• Negative Sentiment: The main catalyst for the decline was Bank of America’s downgrade from Buy to Neutral. Analyst Omar Dessouky cited increased uncertainty about AppLovin’s ability to maintain its long-term 30% revenue-growth target. AppLovin shares drop on Bank of America downgrade
• Negative Sentiment: Although second-quarter EPS matched expectations and revenue grew 52.8% year over year, revenue came in slightly below estimates. Analysts also questioned the source of expected sequential growth, raising concerns that the recent slowdown may reflect execution issues rather than temporary timing. APP Stock Falls 17% Since Q2 Earnings
• Negative Sentiment: The stock’s high-growth valuation leaves it particularly sensitive to any evidence that the 30% long-term revenue goal is becoming harder to defend. The downgrade followed a substantial post-earnings pullback, with investors focusing more on growth durability than on AppLovin’s strong margins and upbeat outlook. AppLovin’s Growth Target Just Got Harder to Defend

AppLovin Trading Down 6.0%

Shares of APP stock opened at $318.68 on Wednesday. The company has a market capitalization of $107.06 billion, a P/E ratio of 24.50, a P/E/G ratio of 0.63 and a beta of 2.54. AppLovin Corporation has a 12-month low of $318.12 and a 12-month high of $745.61. 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 50-day moving average price of $462.95 and a 200 day moving average price of $460.08.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 earnings per share for the quarter, hitting the consensus estimate of $3.76. The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The company’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.39 earnings per share. Research analysts forecast that AppLovin Corporation will post 15.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AppLovin news, Director Eduardo Vivas sold 163,910 shares of AppLovin stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $504.06, for a total value of $82,620,474.60. Following the completion of the transaction, the director owned 6,785,087 shares in the company, valued at approximately $3,420,090,953.22. The trade was a 2.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Vasily Shikin sold 62,804 shares of AppLovin stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $484.42, for a total value of $30,423,513.68. Following the completion of the transaction, the chief technology officer owned 3,189,739 shares of the company’s stock, valued at approximately $1,545,173,366.38. The trade was a 1.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 393,000 shares of company stock worth $197,297,363 over the last ninety days. 12.81% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on APP. KeyCorp set a $775.00 target price on shares of AppLovin in a research note on Wednesday, June 10th. Citigroup decreased their price objective on AppLovin from $710.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Morgan Stanley lowered their price objective on AppLovin from $720.00 to $650.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Wells Fargo & Company reissued an “equal weight” rating and issued a $357.00 target price (down from $575.00) on shares of AppLovin in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised their target price on AppLovin from $500.00 to $515.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, AppLovin currently has a consensus rating of “Moderate Buy” and an average price target of $573.45.

AppLovin Company 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.