Hartford Investment Management Co. Acquires Shares of 15,861 AppLovin Corporation $APP

Hartford Investment Management Co. bought a new stake in AppLovin Corporation (NASDAQ:APP) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,861 shares of the company’s stock, valued at approximately $11,397,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new stake in AppLovin during the 4th quarter worth approximately $294,000. Bison Wealth LLC acquired a new position in shares of AppLovin in the fourth quarter valued at approximately $239,000. Integrated Wealth Concepts LLC raised its stake in shares of AppLovin by 58.0% during the first quarter. Integrated Wealth Concepts LLC now owns 1,692 shares of the company’s stock worth $448,000 after purchasing an additional 621 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of AppLovin during the second quarter worth approximately $26,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of AppLovin during the second quarter worth $253,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

AppLovin Price Performance

APP stock opened at $483.00 on Tuesday. The firm has a 50 day moving average of $633.80 and a 200-day moving average of $569.61. The company has a market cap of $163.23 billion, a price-to-earnings ratio of 58.62, a PEG ratio of 1.56 and a beta of 2.49. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38. AppLovin Corporation has a 12-month low of $200.50 and a 12-month high of $745.61.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm posted $1.29 EPS. The company’s revenue was up 68.2% compared to the same quarter last year. As a group, equities analysts expect that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Company rebuts short‑seller accusations — AppLovin publicly confronted recent short‑seller claims and framed AI shifts as manageable rather than existential, which helped calm some investor fears. Read More.
• Positive Sentiment: Analysts say Google’s Project Genie isn’t a direct threat — Several analyst writeups argue Genie targets a different market and won’t displace AppLovin’s profitable marketing and monetization stack, supporting buy ratings. Read More.
• Positive Sentiment: Bullish fundamental analysis highlights cash generation and buybacks — Coverage notes very high margins, strong free cash flow and an active ~$3.3B buyback that can support EPS — a near‑term tailwind if buybacks continue. Read More.
• Neutral Sentiment: Sector comparison shows relative strength — Commentary pointing out AppLovin outpacing peers like Workday signals market positioning, but it’s context‑dependent. Read More.
• Neutral Sentiment: Recent market move noted — End‑of‑day reporting flagged a modest uptick to ~$483, reflecting intraday stabilization rather than a clear trend change. Read More.
• Neutral Sentiment: Short‑interest data looks inconsistent — Published short‑interest figures showed zeros/NaN, suggesting a data issue; investors should confirm actual short activity from official exchange filings before drawing conclusions.
• Negative Sentiment: January selloff tied to short attack and AI fear — A prior short‑seller report and overblown fears about Google’s AI offerings triggered a ~30% drawdown in January, highlighting ongoing volatility and reputational risk. Read More.

Insider Activity

In related news, CTO Vasily Shikin sold 27,143 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $545.38, for a total value of $14,803,249.34. Following the sale, the chief technology officer directly owned 3,323,681 shares of the company’s stock, valued at approximately $1,812,669,143.78. This represents a 0.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eduardo Vivas sold 150,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $650.91, for a total transaction of $97,636,500.00. Following the transaction, the director owned 7,133,292 shares of the company’s stock, valued at $4,643,131,095.72. This trade represents a 2.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 340,336 shares of company stock worth $200,062,623 over the last 90 days. 13.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on APP shares. Morgan Stanley boosted their price objective on shares of AppLovin from $750.00 to $800.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Citigroup lowered their target price on shares of AppLovin from $850.00 to $820.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Oppenheimer set a $740.00 price target on shares of AppLovin in a report on Tuesday, October 7th. Royal Bank Of Canada raised their price objective on shares of AppLovin from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, UBS Group set a $800.00 target price on AppLovin in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $706.45.

About AppLovin

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.