Korea Investment CORP Grows Stake in AppLovin Corporation $APP

Korea Investment CORP boosted its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 21.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 255,376 shares of the company’s stock after purchasing an additional 44,653 shares during the quarter. Korea Investment CORP owned about 0.08% of AppLovin worth $89,402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of APP. Revolve Wealth Partners LLC purchased a new position in AppLovin during the fourth quarter valued at $294,000. Bison Wealth LLC bought a new stake in shares of AppLovin in the fourth quarter worth about $239,000. Cetera Investment Advisers lifted its position in shares of AppLovin by 44.6% in the first quarter. Cetera Investment Advisers now owns 49,116 shares of the company’s stock worth $13,014,000 after buying an additional 15,150 shares in the last quarter. HB Wealth Management LLC boosted its stake in AppLovin by 36.9% during the first quarter. HB Wealth Management LLC now owns 3,259 shares of the company’s stock valued at $864,000 after buying an additional 879 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AppLovin by 16.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,806 shares of the company’s stock valued at $13,727,000 after buying an additional 7,197 shares during the last quarter. Institutional investors own 41.85% of the company’s stock.

Insider Buying and Selling at AppLovin

In related news, CTO Vasily Shikin sold 27,143 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $545.38, for a total value of $14,803,249.34. Following the completion of the sale, the chief technology officer owned 3,323,681 shares in the company, valued at approximately $1,812,669,143.78. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Arash Adam Foroughi sold 4,069 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $497.50, for a total value of $2,024,327.50. Following the transaction, the chief executive officer owned 2,998,948 shares in the company, valued at $1,491,976,630. The trade was a 0.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 360,542 shares of company stock valued at $208,733,493 in the last three months. Company insiders own 13.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on APP. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AppLovin in a research note on Tuesday. Jefferies Financial Group boosted their price target on shares of AppLovin from $560.00 to $615.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Oppenheimer set a $740.00 target price on shares of AppLovin in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $705.00 price target on AppLovin and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen lowered AppLovin from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Twenty-one research 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 MarketBeat.com, AppLovin has an average rating of “Moderate Buy” and an average target price of $658.27.

AppLovin Price Performance

Shares of APP stock opened at $586.37 on Thursday. The stock has a 50 day moving average price of $609.20 and a 200 day moving average price of $476.21. AppLovin Corporation has a 52-week low of $200.50 and a 52-week high of $745.61. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25. The firm has a market capitalization of $198.16 billion, a P/E ratio of 71.16, a P/E/G ratio of 2.98 and a beta of 2.50.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 earnings per share. AppLovin has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict 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.