AppLovin Corporation $APP Shares Sold by MGB Wealth Management LLC

Posted by Geri Gentry on Jun 18th, 2026

MGB Wealth Management LLC cut its stake in AppLovin Corporation (NASDAQ:APP – Free Report) by 10.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 80,828 shares of the company’s stock after selling 9,938 shares during the quarter. AppLovin comprises approximately 15.6% of MGB Wealth Management LLC’s investment portfolio, making the stock its biggest position. MGB Wealth Management LLC’s holdings in AppLovin were worth $54,464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APP. Board of the Pension Protection Fund acquired a new position in AppLovin in the 4th quarter valued at $27,000. Washington Trust Advisors Inc. lifted its position in shares of AppLovin by 160.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock worth $27,000 after buying an additional 24 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of AppLovin during the 4th quarter worth $32,000. Graney & King LLC bought a new stake in shares of AppLovin during the 3rd quarter worth $36,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of AppLovin during the 4th quarter worth $38,000. 41.85% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at AppLovin

In other AppLovin news, CFO Matthew Stumpf sold 9,052 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $600.00, for a total value of $5,431,200.00. Following the sale, the chief financial officer owned 177,450 shares in the company, valued at approximately $106,470,000. The trade was a 4.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Vasily Shikin sold 62,804 shares of the company’s stock in a transaction dated 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 owned 3,189,739 shares in the company, valued at $1,545,173,366.38. This trade represents a 1.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 226,014 shares of company stock worth $113,073,400 in the last 90 days. 13.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on APP shares. Morgan Stanley restated an “overweight” rating on shares of AppLovin in a research report on Wednesday, May 27th. Citigroup restated a “buy” rating and set a $710.00 price objective on shares of AppLovin in a research report on Monday, June 1st. Needham & Company LLC restated a “buy” rating and set a $700.00 price objective on shares of AppLovin in a research report on Thursday, May 28th. Wedbush restated an “outperform” rating and set a $640.00 price objective on shares of AppLovin in a research report on Thursday, May 7th. Finally, Wells Fargo & Company upped their price objective on AppLovin from $560.00 to $571.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, AppLovin currently has a consensus rating of “Moderate Buy” and a consensus price target of $669.62.

Check Out Our Latest Report on AppLovin

AppLovin Price Performance

Shares of APP opened at $479.49 on Thursday. AppLovin Corporation has a 12-month low of $320.00 and a 12-month high of $745.61. The business has a 50-day simple moving average of $489.48 and a two-hundred day simple moving average of $519.07. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.49. The stock has a market cap of $161.08 billion, a PE ratio of 41.19, a PEG ratio of 0.84 and a beta of 2.45.

AppLovin (NASDAQ:APP – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.12. AppLovin had a return on equity of 219.37% and a net margin of 64.29%.The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The business’s revenue for the quarter was up 58.9% compared to the same quarter last year. Analysts anticipate that AppLovin Corporation will post 15.86 earnings per share for the current fiscal year.

About AppLovin

(Free Report)

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.