Raiffeisen Bank International AG Has $2.20 Million Holdings in AppLovin Corporation $APP

Raiffeisen Bank International AG raised its holdings in AppLovin Corporation (NASDAQ:APP) by 65.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,083 shares of the company’s stock after acquiring an additional 1,216 shares during the period. Raiffeisen Bank International AG’s holdings in AppLovin were worth $2,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in APP. Vanguard Group Inc. grew its holdings in shares of AppLovin by 39.4% during the 3rd quarter. Vanguard Group Inc. now owns 24,954,458 shares of the company’s stock valued at $17,930,776,000 after purchasing an additional 7,051,663 shares during the last quarter. Norges Bank acquired a new stake in AppLovin in the second quarter valued at approximately $951,541,000. Rakuten Investment Management Inc. acquired a new stake in AppLovin in the third quarter valued at approximately $1,456,108,000. Jennison Associates LLC grew its stake in shares of AppLovin by 55.2% during the third quarter. Jennison Associates LLC now owns 3,886,150 shares of the company’s stock worth $2,792,355,000 after buying an additional 1,381,970 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of AppLovin by 51.0% during the third quarter. Bank of New York Mellon Corp now owns 1,493,494 shares of the company’s stock worth $1,073,135,000 after buying an additional 504,341 shares in the last quarter. Institutional investors own 41.85% of the company’s stock.

Key AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Record results and margin strength are supporting sentiment — AppLovin reported a blowout quarter (record revenue, high margins, $3.24 EPS) that beats expectations and underpins bullish analyst commentary. AppLovin Stock Jumps. Why the Market’s Suddenly Excited About It.
• Positive Sentiment: Reports that AppLovin is pursuing its own social media/network product (after a failed TikTok bid) are being viewed as a potential growth/monetization lever, helping drive buying interest. AppLovin Stock Rallies After Rough Start To Year. Here’s Why.
• Positive Sentiment: Analysts and commentary pieces are turning bullish following the strong results, which supports a higher valuation narrative for a company that has evolved into a profitable ad platform. Analysts Bullish On AppLovin Corporation (APP) Outlook Following Impressive Results
• Neutral Sentiment: Macro/newsflow context: broader market conditions and upcoming economic releases are influencing trading; some market summaries highlight AppLovin among movers but focus is also on GDP and inflation data. 5 Things to Know Before the Stock Market Opens
• Neutral Sentiment: Short interest data reported in some feeds appears inconsistent/erroneous (zeros and NaN), so don’t treat those prints as a reliable signal for squeeze risk. (Data posted 2/18–2/19).
• Negative Sentiment: Regulatory risk: Bloomberg reports the SEC’s investigation into AppLovin remains active — this ongoing probe raises uncertainty and could pressure sentiment until resolved. SEC probe involving AppLovin still active, Bloomberg News reports
• Negative Sentiment: Despite its best quarter, the stock endured a sharp pullback recently — analysts and pieces flag competition (Meta, others) and sector weakness as reasons the market punished shares, highlighting execution and competitive risk. How Low Can AppLovin Stock Go? APP Declines 29% in a Month

Insider Activity

In other news, CTO Vasily Shikin sold 7,385 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $538.10, for a total transaction of $3,973,868.50. Following the completion of the sale, the chief technology officer directly owned 46,004 shares in the company, valued at $24,754,752.40. This represents a 13.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dawson Alyssa Harvey sold 150 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $693.32, for a total transaction of $103,998.00. Following the completion of the transaction, the director owned 2,829 shares in the company, valued at approximately $1,961,402.28. The trade was a 5.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 87,402 shares of company stock valued at $48,611,888. 13.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on APP shares. Scotiabank raised their price objective on AppLovin from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. Evercore reiterated a “buy” rating on shares of AppLovin in a research report on Friday, January 30th. Wells Fargo & Company cut their price target on AppLovin from $735.00 to $543.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. UBS Group set a $740.00 price objective on AppLovin in a research note on Thursday, February 12th. Finally, Wedbush lifted their target price on shares of AppLovin from $465.00 to $640.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Twenty-one investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, AppLovin has an average rating of “Moderate Buy” and a consensus price target of $651.77.

AppLovin Price Performance

Shares of APP opened at $418.68 on Friday. The business has a 50-day moving average of $566.47 and a 200-day moving average of $572.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 3.32 and a quick ratio of 3.25. The company has a market capitalization of $141.49 billion, a price-to-earnings ratio of 42.94, a price-to-earnings-growth ratio of 0.86 and a beta of 2.49. 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 EPS for the quarter, beating the consensus estimate of $2.89 by $0.35. AppLovin had a return on equity of 245.64% and a net margin of 57.42%.The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the business posted $1.73 earnings per share. The firm’s revenue was up 66.0% on a year-over-year basis. As a group, equities research analysts anticipate that AppLovin Corporation will post 6.87 earnings per share for the current year.

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.