Rhumbline Advisers Has $101.05 Million Holdings in AppLovin Corporation $APP

Rhumbline Advisers trimmed its position in AppLovin Corporation (NASDAQ:APP) by 36.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,650 shares of the company’s stock after selling 167,052 shares during the quarter. Rhumbline Advisers owned approximately 0.09% of AppLovin worth $101,051,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Mediolanum International Funds Ltd lifted its position in shares of AppLovin by 1.5% in the 2nd quarter. Mediolanum International Funds Ltd now owns 44,226 shares of the company’s stock valued at $14,762,000 after acquiring an additional 662 shares in the last quarter. Legal & General Group Plc raised its stake in AppLovin by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 1,417,199 shares of the company’s stock valued at $496,133,000 after purchasing an additional 9,711 shares during the period. Neo Ivy Capital Management acquired a new stake in AppLovin during the 2nd quarter valued at $252,000. DNB Asset Management AS boosted its position in shares of AppLovin by 23.1% in the second quarter. DNB Asset Management AS now owns 44,389 shares of the company’s stock worth $15,540,000 after buying an additional 8,337 shares during the period. Finally, Swiss National Bank lifted its stake in AppLovin by 19.1% in the 2nd quarter. Swiss National Bank now owns 702,190 shares of the company’s stock worth $245,823,000 after acquiring an additional 112,500 shares in the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley lifted their target price on AppLovin from $480.00 to $750.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. upped their price objective on shares of AppLovin from $425.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Zacks Research downgraded shares of AppLovin from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Phillip Securities upgraded shares of AppLovin to a “moderate buy” rating in a report on Monday, September 29th. Finally, Oppenheimer set a $740.00 price target on shares of AppLovin in a research note on Tuesday, October 7th. Twenty-one research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, AppLovin has an average rating of “Moderate Buy” and a consensus price target of $658.27.

AppLovin Price Performance

Shares of NASDAQ:APP opened at $520.26 on Friday. The stock has a market capitalization of $175.82 billion, a P/E ratio of 63.14, a P/E/G ratio of 2.79 and a beta of 2.50. The business has a 50-day moving average of $611.23 and a two-hundred day moving average of $471.10. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. 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 issued its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business earned $1.29 EPS. The firm’s revenue was up 68.2% compared to the same quarter last year. AppLovin has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

Insider Activity

In other news, Director Eduardo Vivas sold 150,000 shares of AppLovin stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $650.91, for a total value of $97,636,500.00. Following the transaction, the director directly owned 7,133,292 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, insider Victoria Valenzuela sold 35,000 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 269,955 shares of the company’s stock, valued at $135,579,499.65. This represents a 11.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 202,900 shares of company stock valued at $123,646,538 in the last quarter. 13.66% of the stock is currently owned by corporate insiders.

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.