AppLovin Corporation $APP Shares Acquired by OFI Invest Asset Management

OFI Invest Asset Management lifted its holdings in AppLovin Corporation (NASDAQ:APP) by 16.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,739 shares of the company’s stock after buying an additional 9,615 shares during the period. OFI Invest Asset Management’s holdings in AppLovin were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Insight Wealth Strategies LLC purchased a new stake in shares of AppLovin in the second quarter valued at approximately $6,939,000. Calamos Advisors LLC lifted its position in AppLovin by 73.3% during the fourth quarter. Calamos Advisors LLC now owns 48,737 shares of the company’s stock worth $32,840,000 after buying an additional 20,609 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its position in AppLovin by 3,695.3% during the second quarter. Signature Estate & Investment Advisors LLC now owns 76,361 shares of the company’s stock worth $39,345,000 after buying an additional 74,349 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in AppLovin by 12.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 195,265 shares of the company’s stock worth $131,573,000 after buying an additional 21,427 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in AppLovin by 312.0% during the fourth quarter. Fifth Third Bancorp now owns 6,123 shares of the company’s stock worth $4,126,000 after buying an additional 4,637 shares during the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

AppLovin Stock Performance

Shares of AppLovin stock opened at $312.67 on Friday. The firm has a market cap of $105.04 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 0.61 and a beta of 2.54. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11. AppLovin Corporation has a 52 week low of $303.17 and a 52 week high of $745.61. The business’s fifty day simple moving average is $452.68 and its 200-day simple moving average is $457.05.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.76. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.The company’s quarterly revenue was up 52.8% on a year-over-year basis. During the same period last year, the company earned $2.39 EPS. Equities analysts forecast that AppLovin Corporation will post 15.57 earnings per share for the current year.

Analysts Set New Price Targets

APP has been the subject of a number of recent research reports. The Goldman Sachs Group cut their target price on AppLovin from $585.00 to $465.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. UBS Group lowered their price target on shares of AppLovin from $798.00 to $790.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Morgan Stanley cut their price objective on shares of AppLovin from $720.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Piper Sandler downgraded shares of AppLovin from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $665.00 to $385.00 in a research note on Thursday, August 6th. Finally, Bank of America reaffirmed a “neutral” rating and set a $400.00 target price (down from $430.00) on shares of AppLovin in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $565.91.

Insider Activity at AppLovin

In related news, insider Victoria Valenzuela sold 20,000 shares of AppLovin stock in a transaction that occurred on 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 completion of the sale, the insider owned 243,961 shares in the company, valued at approximately $138,055,090.29. This trade represents a 7.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Vasily Shikin sold 62,804 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $484.42, for a total value of $30,423,513.68. Following the completion of the sale, the chief technology officer directly owned 3,189,739 shares in the company, valued at approximately $1,545,173,366.38. The trade was a 1.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 393,000 shares of company stock valued at $197,297,363 over the last quarter. 12.81% of the stock is owned by insiders.

Key AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin’s third-quarter guidance points to sequential revenue-growth reacceleration while maintaining an approximately 83% margin, even as the company continues investing in AI computing capacity. AppLovin Q3 Guidance Signals Reacceleration After a Mixed Q2 Print
• Positive Sentiment: Despite recent weakness, analysts and valuation commentary continue to highlight APP’s rapid revenue growth, very high margins and potential upside from depressed levels. BTIG retained a “buy” rating with a $408 target, while Phillip Securities upgraded the stock to “strong buy.” BTIG AppLovin Price Target
• Positive Sentiment: AppLovin is promoting its advertising platform to demonstrate that its technology can compete effectively in the digital-ad market, potentially supporting future customer adoption and growth. AppLovin Wants To Persuade The World That Its Ad Platform Is The Real Deal
• Neutral Sentiment: Bank of America assigned AppLovin a “neutral” rating, reflecting a balance between the company’s growth opportunity and execution or valuation risks. AppLovin Earns Neutral Rating from Bank of America
• Negative Sentiment: The recent selloff was intensified by a prior analyst downgrade and concerns surrounding a mixed second-quarter report. Although EPS met expectations and revenue grew strongly year over year, revenue fell short of estimates, while investors remain concerned about execution in e-commerce, limited visibility and continued AI-investment costs. Why AppLovin Stock Slumped
• Negative Sentiment: BTIG cut its price target substantially, even while maintaining a buy rating, underscoring that analysts have lowered expectations after the stock’s decline. The broader debate remains whether APP represents a discounted growth opportunity or a deteriorating growth story. AppLovin at 52-Week Low

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.