<div id="readability-page-1"><p>Watts Gwilliam &amp; Co. LLC lessened its stake in  AppLovin Corporation (NASDAQ:APP - Free Report) by 83.9% in the second quarter, according to the company in its most recent disclosure with the Securities &amp; Exchange Commission. The institutional investor  owned 500 shares of the company's stock after selling 2,599 shares during the quarter. Watts Gwilliam &amp; Co. LLC's holdings in AppLovin were worth $175,000 at the end of the most recent reporting period.</p><ul><li>Is Appian The AI Play Investors Have Completely Missed?</li></ul><p>A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in  AppLovin by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 17,902,795 shares of the company's stock valued at $6,267,410,000 after buying an additional 72,120 shares during the period.  Price T Rowe Associates Inc. MD boosted its position in shares of  AppLovin by 36.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company's stock worth $1,745,752,000 after acquiring an additional 1,769,400 shares in the last quarter.  State Street Corp boosted its position in shares of  AppLovin by 2.4% during the 2nd quarter. State Street Corp now owns 5,615,415 shares of the company's stock worth $1,965,844,000 after acquiring an additional 133,402 shares in the last quarter.  Kensico Capital Management Corp increased its stake in  AppLovin by 12.9% in the first quarter. Kensico Capital Management Corp now owns 2,879,000 shares of the company's stock valued at $762,849,000 after acquiring an additional 328,000 shares during the last quarter.  Finally, Fred Alger Management LLC raised its position in  AppLovin by 12.0% during the first quarter. Fred Alger Management LLC now owns 2,833,792 shares of the company's stock valued at $750,870,000 after purchasing an additional 303,063 shares in the last quarter. 41.85% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Analysts Set New Price Targets</h2><p>Several brokerages have recently issued reports on APP. JPMorgan Chase &amp; Co. lifted their price target on AppLovin from $425.00 to $650.00 and gave the company a &#34;neutral&#34; rating in a research note on Thursday, November 6th. Bank of America raised their price objective on AppLovin from $580.00 to $860.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, October 1st. Wedbush boosted their target price on AppLovin from $745.00 to $800.00 and gave the stock an &#34;outperform&#34; rating in a research note on Thursday, November 6th. The Goldman Sachs Group increased their target price on shares of AppLovin from $630.00 to $720.00 and gave the stock a &#34;neutral&#34; rating in a report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft  set a $705.00 price target on shares of AppLovin and gave the company a &#34;buy&#34; rating in a report on Wednesday, October 22nd. Nineteen investment analysts have rated the stock with a Buy rating, four have assigned  a Hold rating and one  has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $692.60.</p><ul><li>$5B+ in Buybacks: What DraftKings, AppLovin, and Altria Are Telling You </li></ul><p><b>Read Our Latest Stock Analysis on APP</b></p><h2>AppLovin Stock Performance</h2><p>Shares of APP stock opened at $675.16 on Tuesday. The firm has a market capitalization of $228.17 billion, a price-to-earnings ratio of 81.94, a PEG ratio of 3.60 and a beta of 2.51. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38. The business's 50-day moving average price is $610.73 and its 200-day moving average price is $504.57. AppLovin Corporation has a 12 month low of $200.50 and a 12 month high of $745.61. </p><ul><li>Analysts Keep Raving Over AppLovin: Targets Rise Post-Earnings</li></ul><p>AppLovin (NASDAQ:APP - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.11. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The firm's revenue was up 68.2% compared to the same quarter last year.  Equities research analysts forecast that  AppLovin Corporation will post 6.87 EPS for the current year. </p><h2>Insider Activity</h2><p>In related news, Director Eduardo Vivas sold 150,000 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $650.91, for a total value of $97,636,500.00. Following the completion of the sale, the director directly owned 7,133,292 shares in the company, valued at $4,643,131,095.72. This represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Vasily Shikin sold 27,143 shares of AppLovin stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $545.38, for a total value of $14,803,249.34. Following the transaction, the chief technology officer directly owned 3,323,681 shares in the company, valued at $1,812,669,143.78. The trade was a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 332,727 shares of company stock valued at $195,062,520. Insiders own  13.66% of the company's stock. </p><h2>AppLovin Company Profile</h2> (Free Report)<p>AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than AppLovin</li><li>2 Rising CRM Platform Stocks That Can Surge Higher in 2025 </li><li>Unassuming Evergy Energy: The AI Boost Your Income Portfolio Needs</li><li>Where to Find Earnings Call Transcripts</li><li>Pfizer Adds to Its Big Bet on Weight Loss Drugs</li><li>How to Know Which Cryptocurrency to Buy: A Guide for Investors</li><li>ServiceNow’s $7 Billion Gamble: Panic or Opportunity?</li></ul><p><strong>Want to see what other hedge funds are holding APP?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AppLovin Corporation (NASDAQ:APP - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVBQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVBQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in AppLovin Right Now?</h2><p>Before you consider AppLovin, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AppLovin wasn't on the list.</p><p>While AppLovin currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Watts Gwilliam & Co. LLC reduced its stake in AppLovin Corporation by 83.9% in Q2, selling 2,599 shares. The firm now holds 500 shares valued at $175,000. Other major investors like Vanguard and Price T Rowe have adjusted their positions in AppLovin. Analysts have raised price targets, with the stock rated as a 'Moderate Buy' and an average target price of $692.60. AppLovin's recent earnings exceeded expectations, with a 68.2% revenue increase year-over-year.</p>

Watts Gwilliam & Co. LLC Sells 2,599 Shares of AppLovin Corporation $APP