Resona Asset Management Co. Ltd. Has $25.56 Million Position in AppLovin Corporation $APP

Resona Asset Management Co. Ltd. raised its holdings in AppLovin Corporation (NASDAQ:APP) by 15.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,454 shares of the company’s stock after acquiring an additional 9,942 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in AppLovin were worth $25,559,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp bought a new position in shares of AppLovin during the 2nd quarter valued at $108,000. EFG Asset Management North America Corp. increased its position in AppLovin by 156.3% during the second quarter. EFG Asset Management North America Corp. now owns 18,141 shares of the company’s stock worth $6,348,000 after buying an additional 11,062 shares during the last quarter. First Horizon Advisors Inc. increased its position in AppLovin by 10.9% during the second quarter. First Horizon Advisors Inc. now owns 2,108 shares of the company’s stock worth $738,000 after buying an additional 207 shares during the last quarter. Fourth Dimension Wealth LLC bought a new position in AppLovin during the second quarter valued at about $70,000. Finally, Bridgewater Advisors Inc. acquired a new stake in shares of AppLovin in the second quarter worth about $210,000. 41.85% of the stock is owned by institutional investors.

Insider Transactions at AppLovin

In other news, Director Dawson Alyssa Harvey sold 350 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $487.97, for a total transaction of $170,789.50. Following the sale, the director directly owned 3,150 shares in the company, valued at approximately $1,537,105.50. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Vasily Shikin sold 30,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $437.57, for a total value of $13,127,100.00. Following the completion of the transaction, the chief technology officer owned 3,360,104 shares of the company’s stock, valued at $1,470,280,707.28. The trade was a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,156,788 shares of company stock worth $514,863,333 over the last quarter. 13.66% of the stock is owned by company insiders.

AppLovin Price Performance

Shares of AppLovin stock opened at $621.36 on Friday. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.74 and a quick ratio of 2.74. The company has a market cap of $210.18 billion, a PE ratio of 75.41, a price-to-earnings-growth ratio of 3.35 and a beta of 2.50. The firm has a fifty day moving average price of $602.04 and a two-hundred day moving average price of $447.68. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61.

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

Analyst Ratings Changes

A number of research analysts have recently commented on APP shares. Wedbush increased their price objective on AppLovin from $745.00 to $800.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank Of Canada lifted their price target on shares of AppLovin from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup upped their price objective on shares of AppLovin from $600.00 to $850.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Wells Fargo & Company raised their target price on shares of AppLovin from $491.00 to $633.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Morgan Stanley boosted their target price on shares of AppLovin from $480.00 to $750.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, AppLovin presently has an average rating of “Moderate Buy” and a consensus target price of $635.39.

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.