Seven Mile Advisory Makes New Investment in AppLovin Corporation $APP

Seven Mile Advisory purchased a new position in shares of AppLovin Corporation (NASDAQ:APP) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 1,152 shares of the company’s stock, valued at approximately $828,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APP. Vanguard Group Inc. boosted its holdings in AppLovin by 39.4% during the third quarter. Vanguard Group Inc. now owns 24,954,458 shares of the company’s stock worth $17,930,776,000 after buying an additional 7,051,663 shares in the last quarter. State Street Corp increased its holdings in AppLovin by 2.4% in the second quarter. State Street Corp now owns 5,615,415 shares of the company’s stock valued at $1,965,844,000 after buying an additional 133,402 shares in the last quarter. Jennison Associates LLC increased its holdings in AppLovin by 55.2% in the third quarter. Jennison Associates LLC now owns 3,886,150 shares of the company’s stock valued at $2,792,355,000 after buying an additional 1,381,970 shares in the last quarter. Norges Bank acquired a new stake in shares of AppLovin during the 2nd quarter valued at approximately $951,541,000. Finally, Capital World Investors lifted its position in shares of AppLovin by 0.3% during the 3rd quarter. Capital World Investors now owns 2,635,188 shares of the company’s stock valued at $1,893,477,000 after acquiring an additional 8,864 shares during the period. Institutional investors and hedge funds own 41.85% of the company’s stock.

Analysts Set New Price Targets

APP has been the topic of a number of research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $700.00 price target on shares of AppLovin in a report on Thursday, February 12th. Arete Research set a $340.00 price objective on AppLovin and gave the stock a “neutral” rating in a report on Monday, March 2nd. UBS Group set a $740.00 target price on AppLovin in a report on Thursday, February 12th. Morgan Stanley set a $720.00 price target on AppLovin in a research report on Thursday, February 12th. Finally, Citigroup cut their price target on AppLovin from $820.00 to $710.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Twenty analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $654.50.

Insider Buying and Selling at AppLovin

In other news, CTO Vasily Shikin sold 5,231 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $477.47, for a total transaction of $2,497,645.57. Following the sale, the chief technology officer owned 30,658 shares in the company, valued at $14,638,275.26. This trade represents a 14.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Victoria Valenzuela sold 7,609 shares of AppLovin stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $657.13, for a total value of $5,000,102.17. Following the completion of the sale, the insider directly owned 277,110 shares of the company’s stock, valued at approximately $182,097,294.30. This represents a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 97,329 shares of company stock worth $48,642,639 in the last 90 days. Insiders own 13.66% of the company’s stock.

AppLovin Stock Performance

NASDAQ:APP opened at $449.62 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 3.32 and a quick ratio of 3.32. The firm has a market cap of $151.65 billion, a PE ratio of 46.11, a P/E/G ratio of 0.81 and a beta of 2.51. The firm has a 50 day simple moving average of $497.50 and a 200-day simple moving average of $573.26. AppLovin Corporation has a 1-year low of $200.50 and a 1-year high of $745.61.

AppLovin (NASDAQ:APP) last announced its earnings results on Wednesday, February 11th. The company reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.35. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.61 billion. AppLovin had a net margin of 57.42% and a return on equity of 245.64%. AppLovin’s revenue was up 66.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.73 earnings per share. On average, equities analysts expect that AppLovin Corporation will post 6.87 EPS for the current year.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Needham reaffirmed a “buy” and set a $700 price target, signaling continued analyst conviction and providing a clear upside thesis for investors. Needham Buy Rating
• Positive Sentiment: A Seeking Alpha/quant note flagged APP as a “buy” from its system, which can attract algorithmic and momentum buyers. Quant Buy Note
• Neutral Sentiment: Analyst and media pieces argue recent swings reflect market sentiment in digital ads rather than worsening fundamentals — helpful context but not an immediate catalyst. Volatility vs Fundamentals
• Neutral Sentiment: Short-interest data reported for March is anomalous (shows 0 shares / 0 days to cover), suggesting the short-interest snapshot is not a reliable current signal. Investors should treat the short data as non-actionable until clarified.
• Negative Sentiment: Multiple insider sales by CTO Vasily Shikin on March 10 — aggregated trades total tens of millions of dollars at prices roughly in the $477–$513 range — which the market often views as a negative signal on near-term insider conviction. SEC Filing: Insider Sales
• Negative Sentiment: High-profile commentary (Jim Cramer) labeled APP as having “too much risk,” which can amplify downside via retail flows and headline-driven selling. Cramer Commentary
• Negative Sentiment: Forbes piece questions whether APP is a value trap after a recent ~10% pullback over the past month, reinforcing cautious narratives among longer-term investors. Forbes: Value Trap?
• Negative Sentiment: A market write-up noted APP “fell more steeply than the broader market” in the latest session, reflecting the day’s negative price action and sentiment pressure. Zacks: Price Drop

About AppLovin

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.