Davis Selected Advisers Has $75.29 Million Stock Holdings in AppLovin Corporation $APP

Davis Selected Advisers raised its stake in AppLovin Corporation (NASDAQ:APP) by 31.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 215,073 shares of the company’s stock after purchasing an additional 52,062 shares during the period. Davis Selected Advisers owned 0.06% of AppLovin worth $75,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Donoghue Forlines LLC bought a new stake in AppLovin in the 2nd quarter valued at about $2,468,000. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in AppLovin by 4.2% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 50,203 shares of the company’s stock valued at $17,572,000 after acquiring an additional 2,007 shares during the period. Allianz SE increased its holdings in shares of AppLovin by 106.2% during the second quarter. Allianz SE now owns 8,308 shares of the company’s stock valued at $2,908,000 after acquiring an additional 4,278 shares in the last quarter. ABN Amro Investment Solutions acquired a new stake in AppLovin in the 2nd quarter valued at $2,404,000. Finally, Candriam S.C.A. raised its holdings in AppLovin by 135.5% during the second quarter. Candriam S.C.A. now owns 31,732 shares of the company’s stock worth $11,109,000 after buying an additional 18,258 shares during the last quarter. Institutional investors own 41.85% of the company’s stock.

Insider Activity at AppLovin

In other news, CEO Arash Adam Foroughi sold 90,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $421.04, for a total transaction of $37,893,600.00. Following the completion of the transaction, the chief executive officer directly owned 2,620,054 shares of the company’s stock, valued at $1,103,147,536.16. This represents a 3.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Vasily Shikin sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $437.57, for a total transaction of $13,127,100.00. Following the sale, the chief technology officer owned 3,360,104 shares of the company’s stock, valued at approximately $1,470,280,707.28. The trade was a 0.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 484,338 shares of company stock valued at $243,010,812 in the last three months. Insiders own 13.66% of the company’s stock.

AppLovin Stock Performance

APP stock opened at $556.15 on Friday. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38. The firm has a market cap of $188.12 billion, a PE ratio of 67.49, a P/E/G ratio of 3.14 and a beta of 2.50. The business has a 50 day moving average of $613.66 and a 200-day moving average of $459.79. AppLovin Corporation has a 12-month low of $200.50 and a 12-month 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 for the quarter, topping the consensus estimate of $2.34 by $0.11. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The business’s revenue was up 68.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 earnings per share. AppLovin has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that AppLovin Corporation will post 6.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APP. Benchmark raised 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. Piper Sandler raised their price target on shares of AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Wall Street Zen downgraded AppLovin from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group increased their price objective on AppLovin from $810.00 to $840.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, Citigroup cut their target price on AppLovin from $850.00 to $820.00 and set a “buy” rating on the stock in a research report on Wednesday. Twenty-one equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $658.27.

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.