Aviva PLC Purchases 54,133 Shares of AppLovin Corporation $APP

Aviva PLC increased its position in shares of AppLovin Corporation (NASDAQ:APP) by 44.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 174,904 shares of the company’s stock after buying an additional 54,133 shares during the quarter. Aviva PLC’s holdings in AppLovin were worth $61,230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of AppLovin by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company’s stock worth $4,724,594,000 after acquiring an additional 1,213,536 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in AppLovin by 36.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock worth $1,745,752,000 after purchasing an additional 1,769,400 shares during the last quarter. Baillie Gifford & Co. grew its position in AppLovin by 29.0% in the first quarter. Baillie Gifford & Co. now owns 5,270,355 shares of the company’s stock valued at $1,396,486,000 after purchasing an additional 1,185,859 shares in the last quarter. Invesco Ltd. grew its position in AppLovin by 32.9% in the first 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 increased its stake 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 buying an additional 328,000 shares during the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.

Insider Buying and Selling

In related news, Director Herald Y. Chen sold 200,000 shares of AppLovin stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $432.49, for a total transaction of $86,498,000.00. Following the completion of the sale, the director directly owned 181,929 shares of the company’s stock, valued at approximately $78,682,473.21. This trade represents a 52.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Arash Adam Foroughi sold 90,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $421.04, for a total value of $37,893,600.00. Following the transaction, the chief executive officer owned 2,620,054 shares in the company, valued at $1,103,147,536.16. The trade was a 3.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,159,138 shares of company stock valued at $516,256,695 in the last ninety days. 13.66% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

APP has been the subject of several analyst reports. Benchmark raised their price objective on AppLovin from $640.00 to $700.00 and gave the company a “buy” rating in a report on Thursday. Citigroup raised their price target on AppLovin from $600.00 to $850.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Oppenheimer set a $740.00 price objective on AppLovin in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $705.00 target price on shares of AppLovin and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Needham & Company LLC restated a “hold” rating on shares of AppLovin in a report on Tuesday, August 26th. Twenty-one investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, AppLovin has an average rating of “Moderate Buy” and an average target price of $659.64.

AppLovin Stock Down 0.2%

APP stock opened at $619.93 on Friday. The business’s 50 day simple moving average is $604.87 and its 200 day simple moving average is $451.89. AppLovin Corporation has a 1-year low of $200.50 and a 1-year high of $745.61. The firm has a market capitalization of $209.69 billion, a PE ratio of 75.23, a PEG ratio of 3.33 and a beta of 2.50. The company has a current ratio of 3.25, a quick ratio of 2.74 and a debt-to-equity ratio of 2.38.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.34 by $0.11. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The company’s quarterly revenue was up 68.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 earnings per share. AppLovin has set its Q4 2025 guidance at EPS. As a group, research analysts anticipate that AppLovin Corporation will post 6.87 EPS for the current year.

AppLovin Company 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.