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

Aviva PLC increased its stake in shares of AppLovin Corporation (NASDAQ:APP) by 44.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,904 shares of the company’s stock after buying an additional 54,133 shares during the period. Aviva PLC owned 0.05% of AppLovin worth $61,230,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APP. Revolve Wealth Partners LLC acquired a new position in shares of AppLovin during the fourth quarter worth approximately $294,000. Bison Wealth LLC bought a new position in AppLovin in the 4th quarter worth approximately $239,000. Nisa Investment Advisors LLC lifted its holdings in AppLovin by 43.6% during the 1st quarter. Nisa Investment Advisors LLC now owns 19,510 shares of the company’s stock worth $5,170,000 after buying an additional 5,926 shares in the last quarter. Allworth Financial LP lifted its holdings in AppLovin by 25.9% during the 1st quarter. Allworth Financial LP now owns 855 shares of the company’s stock worth $229,000 after buying an additional 176 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in AppLovin by 18.7% in the 1st quarter. Cerity Partners LLC now owns 20,960 shares of the company’s stock valued at $5,554,000 after buying an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on APP. Citigroup upped 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. JPMorgan Chase & Co. boosted their price objective on AppLovin from $425.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday. Wedbush raised their target price on shares of AppLovin from $745.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of AppLovin in a research report on Tuesday, August 26th. Finally, Wells Fargo & Company increased their price objective on shares of AppLovin from $633.00 to $721.00 and gave the company an “overweight” rating in a report on Friday. Twenty-one equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $659.64.

Insider Activity

In related news, insider Victoria Valenzuela sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $502.23, for a total value of $17,578,050.00. Following the completion of the transaction, the insider directly owned 269,955 shares in the company, valued at approximately $135,579,499.65. The trade was a 11.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Arash Adam Foroughi sold 90,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 2,620,054 shares of the company’s stock, valued at approximately $1,103,147,536.16. The trade was a 3.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,159,138 shares of company stock valued at $516,256,695. Company insiders own 13.66% of the company’s stock.

AppLovin Stock Down 0.2%

AppLovin stock opened at $619.93 on Friday. The firm has a market capitalization of $209.69 billion, a price-to-earnings ratio of 75.23, a PEG ratio of 3.33 and a beta of 2.50. The company’s 50 day simple moving average is $604.87 and its 200 day simple moving average is $451.89. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 2.74. 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 earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share 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 258.49%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business posted $1.29 earnings per share. The business’s revenue for the quarter was up 68.2% compared to the same quarter last year. AppLovin has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that AppLovin Corporation will post 6.87 EPS for the current year.

AppLovin 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.