Ensign Peak Advisors Inc Buys 162,317 Shares of AppLovin Corporation $APP

Ensign Peak Advisors Inc grew its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 66.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 405,747 shares of the company’s stock after acquiring an additional 162,317 shares during the quarter. Ensign Peak Advisors Inc’s holdings in AppLovin were worth $142,044,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vestcor Inc raised its position in shares of AppLovin by 0.8% during the 1st quarter. Vestcor Inc now owns 4,108 shares of the company’s stock valued at $1,088,000 after buying an additional 33 shares in the last quarter. RWA Wealth Partners LLC boosted its stake in AppLovin by 0.4% in the second quarter. RWA Wealth Partners LLC now owns 7,680 shares of the company’s stock worth $2,689,000 after buying an additional 33 shares in the last quarter. Fortitude Family Office LLC raised its stake in shares of AppLovin by 32.7% during the second quarter. Fortitude Family Office LLC now owns 138 shares of the company’s stock worth $48,000 after acquiring an additional 34 shares in the last quarter. GSG Advisors LLC lifted its holdings in shares of AppLovin by 0.3% in the 1st quarter. GSG Advisors LLC now owns 10,256 shares of the company’s stock worth $2,820,000 after acquiring an additional 35 shares during the last quarter. Finally, PFG Advisors boosted 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on APP. Zacks Research cut shares of AppLovin from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Piper Sandler boosted their price target on AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. UBS Group increased their price objective on AppLovin from $810.00 to $840.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft set a $705.00 price objective on AppLovin and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Citigroup dropped their price target on AppLovin from $850.00 to $820.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Twenty-one research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $658.27.

AppLovin Trading Up 0.8%

Shares of NASDAQ APP opened at $530.05 on Thursday. AppLovin Corporation has a 1 year low of $200.50 and a 1 year high of $745.61. The firm has a 50-day moving average of $613.47 and a 200 day moving average of $468.06. The stock has a market cap of $179.13 billion, a P/E ratio of 64.33, a price-to-earnings-growth ratio of 2.82 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 (NASDAQ:APP) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share 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 company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business posted $1.29 EPS. The firm’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, sell-side analysts expect that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

Insider Transactions at AppLovin

In other news, Director Eduardo Vivas sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $650.91, for a total transaction of $97,636,500.00. Following the completion of the transaction, the director directly owned 7,133,292 shares of the company’s stock, valued at $4,643,131,095.72. The trade was a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Vasily Shikin sold 30,000 shares of the firm’s 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 completion of the sale, the chief technology officer owned 3,360,104 shares in the company, valued at $1,470,280,707.28. This represents a 0.88% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 315,400 shares of company stock valued at $172,868,629. 13.66% of the stock is currently owned by insiders.

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.