AppLovin Corporation $APP Stock Position Raised by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 113.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,250 shares of the company’s stock after buying an additional 10,753 shares during the period. Kestra Advisory Services LLC’s holdings in AppLovin were worth $5,881,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in APP. Pioneer Family Office LLC acquired a new position in AppLovin during the second quarter worth $31,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of AppLovin during the first quarter valued at about $25,000. LifeSteps Financial Inc. acquired a new stake in AppLovin in the 2nd quarter valued at approximately $40,000. Archer Investment Corp acquired a new stake in shares of AppLovin in the second quarter valued at $42,000. Finally, IMA Advisory Services Inc. increased its stake in AppLovin by 40.0% during the first quarter. IMA Advisory Services Inc. now owns 84 shares of the company’s stock worth $33,000 after purchasing an additional 24 shares during the period. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting AppLovin

Here are a few of the latest stories about APP:

• Positive Sentiment: Recent coverage highlighted strong third-quarter results, including revenue growth of about 55%, and fourth-quarter guidance above expectations. The company also announced a larger share-repurchase plan, providing support for the bullish case. AppLovin (APP) Jumps On Strong Q3 Results, Is The Stock Still Cheap?
• 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 Stock Performance

NASDAQ APP 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 business’s 50 day moving average is $300.22 and its two-hundred day moving average is $407.35. AppLovin Corporation has a 12-month low of $225.19 and a 12-month high of $738.01. The stock has a market capitalization 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 (NASDAQ:APP) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $4.30 EPS for the quarter, beating the consensus estimate of $4.03 by $0.27. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.07 billion. AppLovin had a return on equity of 182.97% and a net margin of 65.89%. The company’s quarterly revenue was up 55.5% compared to the same quarter last year. During the same period last year, the firm earned $2.45 EPS. Research analysts expect that AppLovin Corporation will post 16.25 EPS for the current year.

Wall Street Analysts Forecast Growth

APP has been the topic of several analyst reports. Royal Bank Of Canada increased their price objective on AppLovin from $500.00 to $520.00 and gave the company an “outperform” rating in a research note on Thursday, November 5th. Raymond James Financial dropped their target price on AppLovin from $640.00 to $590.00 in a report on Thursday, August 6th. Daiwa Securities Group cut their price target on AppLovin from $569.00 to $345.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 19th. UBS Group reduced their price objective on shares of AppLovin from $790.00 to $414.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Finally, Phillip Securities raised AppLovin from a “moderate buy” rating to a “strong-buy” rating and decreased their target price for the company from $635.00 to $610.00 in a research report on Tuesday, August 11th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $497.93.

AppLovin Company Profile

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.