UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $894.17 Million Holdings in AppLovin Corporation $APP

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,735,471 shares of the company’s stock after acquiring an additional 121,605 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in AppLovin were worth $894,167,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in APP. New Mexico Educational Retirement Board boosted its holdings in shares of AppLovin by 8.9% during the second quarter. New Mexico Educational Retirement Board now owns 13,500 shares of the company’s stock worth $6,956,000 after purchasing an additional 1,100 shares during the period. Royal London Asset Management Ltd. boosted its stake in shares of AppLovin by 2.6% during the 2nd quarter. Royal London Asset Management Ltd. now owns 241,152 shares of the company’s stock valued at $124,249,000 after buying an additional 6,013 shares during the period. Mufg Securities Americas Inc. boosted its stake in shares of AppLovin by 8.1% during the 2nd quarter. Mufg Securities Americas Inc. now owns 8,104 shares of the company’s stock valued at $4,175,000 after buying an additional 605 shares during the period. Van ECK Associates Corp grew its holdings in shares of AppLovin by 1,247.4% during the 2nd quarter. Van ECK Associates Corp now owns 46,943 shares of the company’s stock valued at $24,186,000 after acquiring an additional 43,459 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its holdings in shares of AppLovin by 3.0% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 67,092 shares of the company’s stock valued at $34,568,000 after acquiring an additional 1,948 shares in the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Options activity was unusually heavy, with traders purchasing 47,438 call options—about 32% above the average call volume. The activity may indicate renewed speculative interest or expectations for a recovery, although options flow is not a definitive forecast. Do Options Traders Know Something About AppLovin Stock We Don’t?
• Positive Sentiment: AppLovin’s valuation has become more supportable after a roughly 54% year-to-date selloff. Its reported fundamentals remain strong, including 52.8% year-over-year revenue growth, a high net margin and substantial cash generation, helping fuel the value-oriented rebound thesis. AppLovin Rises After Year-to-Date Slide
• Neutral Sentiment: A comparison with Meta Platforms highlights AppLovin’s faster percentage growth but Meta’s much larger scale. Investors are assessing whether AppLovin can sustain its growth advantage.
• Negative Sentiment: Needham & Company lowered its expectations for AppLovin’s stock price, potentially limiting the recovery and reinforcing concerns about valuation or future growth.
• Negative Sentiment: Recent analysis emphasizes that AppLovin has historically experienced sharper declines than the broader market. Another comparison found Coherent more attractive based on faster expected growth, stronger earnings-estimate momentum and a lower valuation, despite AppLovin’s superior margins and cash flow. AppLovin Stock Has Already Taken a Shock-Sized Fall

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on AppLovin from $357.00 to $325.00 and set an “equal weight” rating for the company in a report on Wednesday, August 19th. Phillip Securities upgraded AppLovin from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Bank of America reaffirmed a “neutral” rating and issued a $400.00 target price (down from $430.00) on shares of AppLovin in a research report on Tuesday, August 11th. The Goldman Sachs Group cut their price target on AppLovin from $585.00 to $465.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, Piper Sandler reduced their price target on AppLovin from $385.00 to $325.00 and set a “neutral” rating for the company in a report on Friday, August 21st. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AppLovin presently has a consensus rating of “Moderate Buy” and an average target price of $552.74.

Insider Activity at AppLovin

In related news, Director Eduardo Vivas sold 163,910 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $504.06, for a total value of $82,620,474.60. Following the completion of the sale, the director owned 6,785,087 shares in the company, valued at approximately $3,420,090,953.22. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Victoria Valenzuela sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $565.89, for a total value of $11,317,800.00. Following the transaction, the insider owned 243,961 shares in the company, valued at $138,055,090.29. This represents a 7.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 294,228 shares of company stock valued at $148,403,985. Company insiders own 12.81% of the company’s stock.

AppLovin Stock Up 1.6%

APP opened at $317.76 on Friday. AppLovin Corporation has a 1-year low of $297.50 and a 1-year high of $745.61. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $106.34 billion, a price-to-earnings ratio of 24.42, a P/E/G ratio of 0.64 and a beta of 2.54. The business has a 50 day moving average of $409.53 and a 200-day moving average of $444.27.

AppLovin (NASDAQ:APP) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.76. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company posted $2.39 earnings per share. AppLovin’s quarterly revenue was up 52.8% on a year-over-year basis. As a group, sell-side analysts anticipate that AppLovin Corporation will post 15.53 earnings per share for the current year.

AppLovin 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.