National Pension Service Boosts Position in AppLovin Corporation $APP

National Pension Service boosted its holdings in AppLovin Corporation (NASDAQ:APP) by 82.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 790,271 shares of the company’s stock after purchasing an additional 356,443 shares during the quarter. National Pension Service owned about 0.23% of AppLovin worth $276,658,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. STF Management LP lifted its position in shares of AppLovin by 2.6% during the 2nd quarter. STF Management LP now owns 4,296 shares of the company’s stock worth $1,504,000 after buying an additional 110 shares during the last quarter. Nwam LLC purchased a new position in shares of AppLovin in the 2nd quarter valued at $308,000. S&CO Inc. acquired a new stake in AppLovin during the 2nd quarter worth $236,000. Ibex Wealth Advisors raised its stake in AppLovin by 2.1% during the 2nd quarter. Ibex Wealth Advisors now owns 45,005 shares of the company’s stock worth $15,755,000 after acquiring an additional 918 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new stake in AppLovin in the second quarter valued at $3,187,000. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other AppLovin news, CTO Vasily Shikin sold 30,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $437.57, for a total transaction of $13,127,100.00. Following the completion of the transaction, the chief technology officer owned 3,360,104 shares in the company, valued at approximately $1,470,280,707.28. This represents a 0.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Arash Adam Foroughi sold 90,000 shares of AppLovin stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $421.04, for a total transaction of $37,893,600.00. Following the completion of the sale, the chief executive officer directly owned 2,620,054 shares in the company, valued at approximately $1,103,147,536.16. The trade was a 3.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 634,138 shares of company stock valued at $275,386,598. 13.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Piper Sandler raised their price objective on AppLovin from $740.00 to $800.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Oppenheimer set a $740.00 target price on AppLovin in a report on Tuesday, October 7th. Morgan Stanley raised their price target on AppLovin from $480.00 to $750.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Weiss Ratings raised AppLovin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, UBS Group increased their price objective on AppLovin from $810.00 to $840.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Twenty-one investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, AppLovin presently has an average rating of “Moderate Buy” and an average price target of $659.64.

AppLovin Stock Down 8.7%

AppLovin stock opened at $594.91 on Wednesday. The stock has a 50 day moving average of $610.59 and a two-hundred day moving average of $458.23. AppLovin Corporation has a twelve month low of $200.50 and a twelve month high of $745.61. The stock has a market capitalization of $201.23 billion, a price-to-earnings ratio of 72.20, a PEG ratio of 3.48 and a beta of 2.50. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, topping 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 business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the business earned $1.29 earnings per share. The company’s quarterly revenue was up 68.2% compared to the same quarter last year. AppLovin has set its Q4 2025 guidance at EPS. As a group, research analysts expect that AppLovin Corporation will post 6.87 earnings per share for the current year.

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.