AppLovin Corporation $APP Stock Position Lowered by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in AppLovin Corporation (NASDAQ:APP) by 25.1% in the second quarter, HoldingsChannel reports. The firm owned 3,332,008 shares of the company’s stock after selling 1,116,188 shares during the period. Geode Capital Management LLC’s holdings in AppLovin were worth $1,164,028,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in APP. Vanguard Group Inc. lifted its stake in AppLovin by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company’s stock worth $4,724,594,000 after acquiring an additional 1,213,536 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of AppLovin by 36.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock valued at $1,745,752,000 after purchasing an additional 1,769,400 shares during the period. Baillie Gifford & Co. lifted its position in shares of AppLovin by 29.0% in the first quarter. Baillie Gifford & Co. now owns 5,270,355 shares of the company’s stock worth $1,396,486,000 after purchasing an additional 1,185,859 shares in the last quarter. Invesco Ltd. grew its position in AppLovin by 32.9% during the first quarter. Invesco Ltd. now owns 4,011,306 shares of the company’s stock valued at $1,062,876,000 after purchasing an additional 992,316 shares in the last quarter. Finally, Kensico Capital Management Corp increased its stake in AppLovin by 12.9% in the 1st quarter. Kensico Capital Management Corp now owns 2,879,000 shares of the company’s stock valued at $762,849,000 after buying an additional 328,000 shares during the period. 41.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AppLovin

In other AppLovin news, CTO Vasily Shikin sold 30,000 shares of AppLovin stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $437.57, for a total transaction of $13,127,100.00. Following the sale, the chief technology officer directly owned 3,360,104 shares of the company’s stock, valued at approximately $1,470,280,707.28. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Arash Adam Foroughi sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $421.04, for a total value of $37,893,600.00. Following the completion of the sale, the chief executive officer owned 2,620,054 shares in the company, valued at approximately $1,103,147,536.16. This represents a 3.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 434,138 shares of company stock worth $188,888,598. Corporate insiders own 13.66% of the company’s stock.

AppLovin Stock Performance

Shares of APP opened at $584.86 on Thursday. The company has a market capitalization of $197.83 billion, a PE ratio of 70.98, a price-to-earnings-growth ratio of 3.19 and a beta of 2.50. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. AppLovin Corporation has a one year low of $200.50 and a one year high of $745.61. The company’s fifty 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 data on Wednesday, November 5th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.11. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. AppLovin’s quarterly revenue was up 68.2% on a year-over-year basis. During the same quarter last year, the company posted $1.29 earnings per share. AppLovin has set its Q4 2025 guidance at EPS. As a group, analysts expect that AppLovin Corporation will post 6.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on APP shares. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a report on Tuesday, August 26th. Wells Fargo & Company boosted their target price on AppLovin from $633.00 to $721.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Citigroup dropped their target price on AppLovin from $850.00 to $820.00 and set a “buy” rating on the stock in a research report on Wednesday. Wall Street Zen lowered AppLovin from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, UBS Group boosted their price target on AppLovin from $810.00 to $840.00 and gave the company a “buy” rating in a research note 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 given a Sell rating to the company. According to data from MarketBeat.com, AppLovin currently has an average rating of “Moderate Buy” and a consensus target price of $658.27.

About AppLovin

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.