Primecap Management Co. CA Sells 233,200 Shares of AppLovin Corporation $APP

Primecap Management Co. CA lessened its position in AppLovin Corporation (NASDAQ:APP) by 57.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 174,325 shares of the company’s stock after selling 233,200 shares during the period. Primecap Management Co. CA’s holdings in AppLovin were worth $125,259,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in AppLovin by 39.4% in the third quarter. Vanguard Group Inc. now owns 24,954,458 shares of the company’s stock worth $17,930,776,000 after purchasing an additional 7,051,663 shares during the last quarter. State Street Corp raised its holdings in shares of AppLovin by 2.4% in the second quarter. State Street Corp now owns 5,615,415 shares of the company’s stock worth $1,965,844,000 after buying an additional 133,402 shares during the period. Jennison Associates LLC lifted its stake in shares of AppLovin by 55.2% during the 3rd quarter. Jennison Associates LLC now owns 3,886,150 shares of the company’s stock worth $2,792,355,000 after acquiring an additional 1,381,970 shares during the last quarter. Norges Bank bought a new stake in shares of AppLovin during the 2nd quarter worth approximately $951,541,000. Finally, Rakuten Investment Management Inc. bought a new position in AppLovin in the 3rd quarter valued at $1,456,108,000. 41.85% of the stock is currently owned by institutional investors.

AppLovin Price Performance

Shares of APP opened at $444.93 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 3.32 and a current ratio of 3.32. The company has a 50 day moving average price of $545.19 and a 200-day moving average price of $570.96. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. The stock has a market capitalization of $150.36 billion, a PE ratio of 45.63, a PEG ratio of 0.87 and a beta of 2.49.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.35. The company 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 period last year, the company posted $1.73 earnings per share. Equities analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: MarketBeat / Altimetry spotlights AppLovin as an AI beneficiary, arguing recent selling is narrative panic rather than weakening fundamentals and highlighting AppLovin’s proprietary data and AI optimization as durable advantages. This narrative supports a re-rating if investors rotate back into AI beneficiaries. Read More.
• Positive Sentiment: Analysts remain constructive: Bank of America trimmed its price target (to $705) after the earnings call but kept a Buy rating — signaling confidence in the business despite a valuation reset. That maintained-buy stance helps cushion sentiment. Read More.
• Positive Sentiment: Independent upgrades and comparative coverage (Seeking Alpha, Zacks/Yahoo pieces comparing APP vs. Arm) emphasize AppLovin’s robust Q4 growth, high EBITDA margins and AI tailwinds — increasing investor interest after the recent correction. Read More. | Read More.
• Positive Sentiment: Macro/sector support: Raymond James and others note a tradable bounce developing in software after a steep selloff, which can lift high-beta, AI-exposed names like AppLovin when sector flows recover. Read More.
• Neutral Sentiment: Headline coverage and trade reporting (MSN) summarized the move today and likely amplified momentum, but is descriptive rather than new fundamental information. Read More.
• Neutral Sentiment: Short‑interest entries in the data feed show zero/NaN values (likely a reporting anomaly) — not a meaningful short‑squeeze signal based on available figures. (Data should be treated with caution.)
• Negative Sentiment: Contrarian coverage (Forbes) warns the recent selloff reflects real investor worry about stretched valuations and potential growth deceleration despite strong recent results — a reminder that valuation risk remains if AI enthusiasm cools. Read More.

Insider Buying and Selling at AppLovin

In other news, insider Victoria Valenzuela sold 7,609 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 277,110 shares in the company, valued at approximately $182,097,294.30. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dawson Alyssa Harvey sold 150 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 2,829 shares of the company’s stock, valued at approximately $1,961,402.28. This trade represents a 5.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 13.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on APP shares. JPMorgan Chase & Co. lifted their target price on AppLovin from $425.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. BTIG Research decreased their price objective on shares of AppLovin from $771.00 to $640.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Royal Bank Of Canada reissued an “outperform” rating and issued a $700.00 price objective on shares of AppLovin in a research report on Thursday, February 12th. Benchmark reaffirmed a “buy” rating on shares of AppLovin in a research report on Monday, February 2nd. Finally, Morgan Stanley set a $720.00 price target on AppLovin in a report on Thursday, February 12th. Twenty-one equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, AppLovin has an average rating of “Moderate Buy” and an average target price of $651.77.

AppLovin Company Profile

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.