Royal Bank of Canada Sells 37,290 Shares of AppLovin Corporation $APP

Posted by George Bondi on Jul 29th, 2026

Royal Bank of Canada lowered its position in AppLovin Corporation (NASDAQ:APP – Free Report) by 2.9% in the 1st quarter, Holdings Channel reports. The fund owned 1,236,093 shares of the company’s stock after selling 37,290 shares during the quarter. Royal Bank of Canada’s holdings in AppLovin were worth $491,965,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in APP. Calamos Advisors LLC boosted its position in shares of AppLovin by 73.3% during the fourth quarter. Calamos Advisors LLC now owns 48,737 shares of the company’s stock valued at $32,840,000 after buying an additional 20,609 shares during the last quarter. Capricorn Fund Managers Ltd purchased a new stake in AppLovin in the fourth quarter worth approximately $4,043,000. Dara Capital US Inc. purchased a new position in shares of AppLovin in the 4th quarter worth $1,747,000. Mirae Asset Global Investments Co. Ltd. increased its position 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 valued at $131,573,000 after acquiring an additional 21,427 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of AppLovin by 97.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 43,988 shares of the company’s stock valued at $29,640,000 after purchasing an additional 21,694 shares during the period. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on APP shares. KeyCorp set a $775.00 target price on shares of AppLovin in a research report on Wednesday, June 10th. Piper Sandler reissued an “overweight” rating on shares of AppLovin in a report on Tuesday, July 7th. Benchmark reiterated a “buy” rating on shares of AppLovin in a research note on Wednesday, June 10th. UBS Group dropped their price target on shares of AppLovin from $740.00 to $716.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded shares of AppLovin from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $668.45.

Check Out Our Latest Research Report on AppLovin

AppLovin Price Performance

Shares of AppLovin stock opened at $418.22 on Wednesday. The firm has a market cap of $140.50 billion, a PE ratio of 35.93, a PEG ratio of 0.68 and a beta of 2.49. AppLovin Corporation has a 12 month low of $358.55 and a 12 month high of $745.61. The stock has a 50 day moving average of $496.20 and a 200 day moving average of $476.06. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 1.49.

AppLovin (NASDAQ:APP – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.12. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the firm posted $1.67 earnings per share. AppLovin’s revenue for the quarter was up 58.9% compared to the same quarter last year. On average, research analysts expect that AppLovin Corporation will post 15.93 EPS for the current fiscal year.

Insider Transactions at AppLovin

In other news, insider Victoria Valenzuela sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $565.89, for a total transaction of $11,317,800.00. Following the transaction, the insider owned 243,961 shares of the company’s stock, valued at approximately $138,055,090.29. The trade was a 7.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Arash Adam Foroughi sold 22,544 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $494.98, for a total value of $11,158,829.12. Following the completion of the sale, the chief executive officer owned 2,327,684 shares of the company’s stock, valued at approximately $1,152,157,026.32. This represents a 0.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 393,000 shares of company stock worth $197,297,363. 12.81% of the stock is currently owned by corporate insiders.

AppLovin Profile

(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.