Geode Capital Management LLC Trims Stock Holdings in AppLovin Corporation $APP

Geode Capital Management LLC lessened its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 25.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,332,008 shares of the company’s stock after selling 1,116,188 shares during the quarter. Geode Capital Management LLC owned 0.98% of AppLovin worth $1,164,028,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vestcor Inc increased its stake in shares of AppLovin by 0.8% in the first quarter. Vestcor Inc now owns 4,108 shares of the company’s stock worth $1,088,000 after buying an additional 33 shares during the last quarter. RWA Wealth Partners LLC grew its holdings in AppLovin by 0.4% during the 2nd quarter. RWA Wealth Partners LLC now owns 7,680 shares of the company’s stock worth $2,689,000 after acquiring an additional 33 shares in the last quarter. Fortitude Family Office LLC increased its position in shares of AppLovin by 32.7% in the 2nd quarter. Fortitude Family Office LLC now owns 138 shares of the company’s stock worth $48,000 after purchasing an additional 34 shares during the last quarter. GSG Advisors LLC raised its stake in shares of AppLovin by 0.3% in the 1st quarter. GSG Advisors LLC now owns 10,256 shares of the company’s stock valued at $2,820,000 after purchasing an additional 35 shares in the last quarter. Finally, PFG Advisors raised its stake in shares of AppLovin by 1.2% in the 2nd quarter. PFG Advisors now owns 3,203 shares of the company’s stock valued at $1,121,000 after purchasing an additional 37 shares in the last quarter. 41.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Arash Adam Foroughi sold 26,200 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $440.23, for a total transaction of $11,534,026.00. Following the transaction, the chief executive officer owned 2,590,054 shares in the company, valued at $1,140,219,472.42. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victoria Valenzuela sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $502.23, for a total value of $17,578,050.00. Following the completion of the sale, the insider owned 269,955 shares of the company’s stock, valued at $135,579,499.65. This trade represents a 11.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 434,138 shares of company stock worth $188,888,598 over the last ninety days. 13.66% of the stock is currently owned by company insiders.

AppLovin Trading Down 1.7%

Shares of NASDAQ:APP opened at $584.86 on Thursday. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38. The company has a market cap of $197.83 billion, a PE ratio of 70.98, a P/E/G ratio of 3.19 and a beta of 2.50. The company’s 50-day moving average price is $612.54 and its 200 day moving average price is $459.12.

AppLovin (NASDAQ:APP) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.34 by $0.11. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. AppLovin’s revenue was up 68.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.29 earnings per share. AppLovin has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that AppLovin Corporation will post 6.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Bank of America lifted their price target on AppLovin from $580.00 to $860.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. The Goldman Sachs Group lifted their target price on AppLovin from $630.00 to $720.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Morgan Stanley upped their price target on AppLovin from $480.00 to $750.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. lifted their price target on shares of AppLovin from $425.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Finally, Piper Sandler boosted their price objective on shares of AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Twenty-one research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, AppLovin presently has a consensus rating of “Moderate Buy” and a consensus target price of $658.27.

AppLovin Company Profile

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.