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appLovin sees significant institutional investment and stock price target increases
Insiders hold 14.69% of AppLovin's stock, while institutional investors own 41.85%. Recent activity includes significant purchases by Townsquare Capital LLC and Eagle Asset Management, with UBS raising the price target to $630.00, indicating a potential upside. The stock has a "Moderate Buy" rating, with analysts forecasting earnings of 4.09 per share for the year.
fertitta becomes largest shareholder in wynn resorts with 9.9 percent stake
Billionaire Tilman Fertitta has increased his stake in Wynn Resorts to 9.9%, becoming the largest individual shareholder, as the company's stock rose 9% following the news. Despite a long history of volatility, Wynn's stock has gained roughly 57% over the past two decades, significantly lagging behind competitors like Marriott and Hilton. Fertitta, who also owns the Houston Rockets and several Golden Nugget casinos, is planning a new casino resort on the Las Vegas Strip while Wynn faces scrutiny over its performance and future development plans.
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