Central Asset Investments & Management Holdings HK Ltd Purchases New Position in AppLovin Corporation $APP

Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of AppLovin Corporation (NASDAQ:APP) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,420 shares of the company’s stock, valued at approximately $497,000.

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

AppLovin Stock Performance

Shares of APP opened at $594.91 on Wednesday. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38. The firm has a market cap of $201.23 billion, a PE ratio of 72.20, a P/E/G ratio of 3.48 and a beta of 2.50. AppLovin Corporation has a 12 month low of $200.50 and a 12 month high of $745.61. The stock has a fifty day moving average price of $610.59 and a 200-day moving average price of $458.23.

AppLovin (NASDAQ:APP) last announced 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 return on equity of 258.49% and a net margin of 51.27%.The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the business earned $1.29 EPS. The firm’s revenue for the quarter was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. Equities research analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

Insider Activity at AppLovin

In related news, Director Herald Y. Chen sold 200,000 shares of AppLovin stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $432.49, for a total value of $86,498,000.00. Following the completion of the sale, the director directly owned 181,929 shares in the company, valued at $78,682,473.21. This trade represents a 52.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Arash Adam Foroughi sold 90,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $421.04, for a total transaction of $37,893,600.00. Following the sale, the chief executive officer directly owned 2,620,054 shares in the company, valued at approximately $1,103,147,536.16. This represents a 3.32% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 634,138 shares of company stock worth $275,386,598. 13.66% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on APP. Benchmark increased their price objective on shares of AppLovin from $640.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Morgan Stanley upped their target price on AppLovin from $480.00 to $750.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. JPMorgan Chase & Co. lifted their price target on AppLovin from $425.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Scotiabank boosted their price target on AppLovin from $575.00 to $750.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft set a $705.00 price objective on AppLovin and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Twenty-one investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $659.64.

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.