SBI Okasan Asset Management Co.Ltd. Makes New $622,000 Investment in AppLovin Corporation $APP

SBI Okasan Asset Management Co.Ltd. purchased a new stake in AppLovin Corporation (NASDAQ:APP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 890 shares of the company’s stock, valued at approximately $622,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of AppLovin by 117.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 26,177 shares of the company’s stock valued at $17,638,000 after purchasing an additional 14,121 shares during the last quarter. Moors & Cabot Inc. raised its holdings in shares of AppLovin by 14.8% in the fourth quarter. Moors & Cabot Inc. now owns 341 shares of the company’s stock valued at $230,000 after purchasing an additional 44 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of AppLovin by 28.0% in the fourth quarter. Intech Investment Management LLC now owns 38,966 shares of the company’s stock valued at $26,256,000 after purchasing an additional 8,514 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of AppLovin by 13.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 9,098 shares of the company’s stock valued at $6,130,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Thoroughbred Financial Services LLC raised its holdings in shares of AppLovin by 1.5% in the fourth quarter. Thoroughbred Financial Services LLC now owns 28,544 shares of the company’s stock valued at $19,234,000 after purchasing an additional 418 shares during the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Insider Activity

In related news, CEO Arash Adam Foroughi sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $466.04, for a total value of $23,302,000.00. Following the transaction, the chief executive officer owned 2,480,414 shares in the company, valued at $1,155,972,140.56. The trade was a 1.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew Stumpf sold 9,052 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $600.00, for a total transaction of $5,431,200.00. Following the completion of the transaction, the chief financial officer owned 177,450 shares in the company, valued at approximately $106,470,000. The trade was a 4.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 464,016 shares of company stock worth $218,477,985. 13.66% of the stock is currently owned by company insiders.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Needham reaffirmed its Buy rating and lifted its price target to $700, reinforcing the view that AppLovin still has room to run. Needham Reaffirms Buy Rating on AppLovin
• Positive Sentiment: Deutsche Bank also raised its price target to $660 while maintaining a Buy rating, adding to the bullish analyst backdrop. Why Wall Street Still Sees More Upside In AppLovin
• Positive Sentiment: Zacks said AppLovin’s AI-powered ad platform is driving record revenue momentum as demand expands across digital advertising and e-commerce, suggesting the company’s growth story remains intact. AppLovin’s Revenue Momentum Reflects AI-Driven Advertising Demand
• Positive Sentiment: Multiple reports noted the stock moved higher after positive analyst commentary tied to strong recent financial results and the upcoming AI advertising platform rollout. Why AppLovin (APP) Stock Is Trading Up Today
• Neutral Sentiment: A Zacks roundup also grouped AppLovin with other growth names, but the mention was largely a general analyst note rather than a new company-specific catalyst. Zacks Analyst Blog Highlights Citigroup, TotalEnergies, AppLovin
• Neutral Sentiment: One analysis compared AppLovin with Coherent and argued COHR has an edge due to valuation and AI infrastructure demand, but this appears more like relative commentary than a direct fundamental setback for APP. Coherent vs. AppLovin: Which AI Growth Stock Is Better Positioned?
• Negative Sentiment: Recent insider selling by CTO Vasily Shikin may temper sentiment somewhat, though the sales were small relative to his remaining holdings and are outweighed by the bullish analyst-driven narrative. AppLovin CTO Insider Sales

AppLovin Stock Performance

Shares of AppLovin stock opened at $613.09 on Friday. The stock has a market cap of $205.96 billion, a price-to-earnings ratio of 52.67, a PEG ratio of 0.98 and a beta of 2.37. The firm’s 50-day moving average is $456.58 and its 200 day moving average is $521.70. AppLovin Corporation has a 1 year low of $320.00 and a 1 year high of $745.61. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.24 and a quick ratio of 3.24.

AppLovin (NASDAQ:APP) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.12. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.77 billion. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. AppLovin’s revenue was up 58.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 EPS. Sell-side analysts anticipate that AppLovin Corporation will post 15.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

APP has been the subject of a number of research analyst reports. Citigroup decreased their price objective on shares of AppLovin from $820.00 to $710.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $700.00 target price on shares of AppLovin in a research note on Thursday, February 12th. Wells Fargo & Company lifted their price target on shares of AppLovin from $560.00 to $571.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group decreased their target price on shares of AppLovin from $710.00 to $585.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Finally, Wedbush reiterated an “outperform” rating and issued a $640.00 price target on shares of AppLovin in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $664.35.

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.