ProShare Advisors LLC Boosts Holdings in AppLovin Corporation $APP

ProShare Advisors LLC increased its stake in shares of AppLovin Corporation (NASDAQ:APP) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 419,080 shares of the company’s stock after acquiring an additional 13,995 shares during the quarter. ProShare Advisors LLC’s holdings in AppLovin were worth $146,712,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Dynasty Wealth Management LLC increased its position in shares of AppLovin by 117,664.4% during the first quarter. Dynasty Wealth Management LLC now owns 2,702,694 shares of the company’s stock worth $716,133,000 after purchasing an additional 2,700,399 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of AppLovin by 36.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock valued at $1,745,752,000 after purchasing an additional 1,769,400 shares during the period. Vanguard Group Inc. grew its stake in AppLovin by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company’s stock worth $4,724,594,000 after buying an additional 1,213,536 shares during the last quarter. Baillie Gifford & Co. increased its position in AppLovin by 29.0% during the first quarter. Baillie Gifford & Co. now owns 5,270,355 shares of the company’s stock worth $1,396,486,000 after buying an additional 1,185,859 shares during the period. Finally, Jennison Associates LLC lifted its stake in AppLovin by 86.5% in the first quarter. Jennison Associates LLC now owns 2,386,980 shares of the company’s stock valued at $632,478,000 after buying an additional 1,107,104 shares during the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APP. UBS Group raised their target price on shares of AppLovin from $810.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday. Wall Street Zen downgraded shares of AppLovin from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings upgraded shares of AppLovin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. The Goldman Sachs Group increased their target price on shares of AppLovin from $630.00 to $720.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Benchmark raised their price target on AppLovin from $640.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday. Twenty-one analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $659.64.

Insider Transactions at AppLovin

In other AppLovin news, CEO Arash Adam Foroughi sold 26,200 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $440.23, for a total transaction of $11,534,026.00. Following the sale, the chief executive officer directly owned 2,590,054 shares in the company, valued at approximately $1,140,219,472.42. The trade was a 1.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dawson Alyssa Harvey sold 350 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $487.97, for a total transaction of $170,789.50. Following the completion of the transaction, the director owned 3,150 shares of the company’s stock, valued at $1,537,105.50. This represents a 10.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,159,138 shares of company stock valued at $516,256,695. 13.66% of the stock is owned by company insiders.

AppLovin Trading Down 0.2%

Shares of AppLovin stock opened at $619.93 on Monday. The firm has a market cap of $209.69 billion, a price-to-earnings ratio of 75.23, a price-to-earnings-growth ratio of 3.33 and a beta of 2.50. AppLovin Corporation has a 52-week low of $200.50 and a 52-week high of $745.61. The company’s 50-day simple moving average is $604.87 and its 200-day simple moving average is $453.29. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38.

AppLovin (NASDAQ:APP) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, beating 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 company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the company earned $1.29 EPS. The firm’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, equities research analysts anticipate that AppLovin Corporation will post 6.87 earnings per share for the current year.

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.