Resona Asset Management Co. Ltd. Buys 9,942 Shares of AppLovin Corporation $APP

Resona Asset Management Co. Ltd. boosted its stake in AppLovin Corporation (NASDAQ:APP) by 15.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 73,454 shares of the company’s stock after buying an additional 9,942 shares during the period. Resona Asset Management Co. Ltd.’s holdings in AppLovin were worth $25,559,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of APP. Vanguard Group Inc. lifted its holdings in shares of AppLovin by 7.3% during the first quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company’s stock valued at $4,724,594,000 after acquiring an additional 1,213,536 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of AppLovin by 36.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock worth $1,745,752,000 after acquiring an additional 1,769,400 shares in the last quarter. Baillie Gifford & Co. grew its position in AppLovin by 29.0% during the 1st quarter. Baillie Gifford & Co. now owns 5,270,355 shares of the company’s stock worth $1,396,486,000 after acquiring an additional 1,185,859 shares during the last quarter. Invesco Ltd. increased its holdings in AppLovin by 32.9% during the 1st quarter. Invesco Ltd. now owns 4,011,306 shares of the company’s stock valued at $1,062,876,000 after purchasing an additional 992,316 shares in the last quarter. Finally, Kensico Capital Management Corp raised its position in AppLovin by 12.9% in the 1st quarter. Kensico Capital Management Corp now owns 2,879,000 shares of the company’s stock valued at $762,849,000 after purchasing an additional 328,000 shares during the last quarter. 41.85% of the stock is currently owned by institutional investors.

AppLovin Stock Performance

APP stock opened at $621.36 on Friday. The business’s fifty day moving average is $602.04 and its 200-day moving average is $447.68. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 3.01. The company has a market cap of $210.18 billion, a P/E ratio of 75.41, a price-to-earnings-growth ratio of 3.35 and a beta of 2.50. AppLovin Corporation has a twelve month low of $200.50 and a twelve month high of $745.61.

AppLovin (NASDAQ:APP) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. AppLovin had a return on equity of 294.76% and a net margin of 51.27%.The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. The firm’s quarterly revenue was up 68.2% compared to the same quarter last year. AppLovin has set its Q4 2025 guidance at EPS. Equities research analysts forecast that AppLovin Corporation will post 6.87 EPS for the current year.

Insider Buying and Selling

In related news, insider Victoria Valenzuela sold 35,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $502.23, for a total value of $17,578,050.00. Following the sale, the insider directly owned 269,955 shares in the company, valued at $135,579,499.65. This trade represents a 11.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Vasily Shikin sold 30,000 shares of AppLovin stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $437.57, for a total transaction of $13,127,100.00. Following the transaction, the chief technology officer directly owned 3,360,104 shares in the company, valued at $1,470,280,707.28. The trade was a 0.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,156,788 shares of company stock valued at $514,863,333. Insiders own 13.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APP. Royal Bank Of Canada upped their target price on shares of AppLovin from $700.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday. Citigroup upped their price objective on AppLovin from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. increased their price objective on AppLovin from $425.00 to $650.00 and gave the company a “neutral” rating in a research report on Thursday. Scotiabank boosted their target price on AppLovin from $575.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Wedbush upped their price target on AppLovin from $745.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $635.39.

AppLovin Profile

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.