Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stake in AppLovin Corporation $APP

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in AppLovin Corporation (NASDAQ:APP) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,963 shares of the company’s stock after selling 2,047 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in AppLovin were worth $42,426,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mediolanum International Funds Ltd lifted its holdings in shares of AppLovin by 73.5% during the third quarter. Mediolanum International Funds Ltd now owns 76,736 shares of the company’s stock valued at $54,664,000 after purchasing an additional 32,510 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of AppLovin by 131.7% during the third quarter. Allworth Financial LP now owns 6,049 shares of the company’s stock valued at $4,347,000 after purchasing an additional 3,438 shares in the last quarter. APG Asset Management N.V. bought a new position in shares of AppLovin during the third quarter valued at $4,958,000. Principal Financial Group Inc. lifted its holdings in shares of AppLovin by 946.5% during the third quarter. Principal Financial Group Inc. now owns 326,999 shares of the company’s stock valued at $234,962,000 after purchasing an additional 295,753 shares in the last quarter. Finally, Metis Global Partners LLC lifted its holdings in shares of AppLovin by 138.3% during the third quarter. Metis Global Partners LLC now owns 10,094 shares of the company’s stock valued at $7,253,000 after purchasing an additional 5,859 shares in the last quarter. 41.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

APP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $660.00 target price on shares of AppLovin in a report on Thursday, May 7th. Citigroup lowered their target price on AppLovin from $820.00 to $710.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Scotiabank increased their target price on AppLovin from $750.00 to $775.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. The Goldman Sachs Group lowered their target price on AppLovin from $710.00 to $585.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of AppLovin in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $664.35.

Key AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Needham reaffirmed its Buy rating and lifted its price target to $700, reinforcing the view that AppLovin still has room to run. Needham Reaffirms Buy Rating on AppLovin
• Positive Sentiment: Deutsche Bank also raised its price target to $660 while maintaining a Buy rating, adding to the bullish analyst backdrop. Why Wall Street Still Sees More Upside In AppLovin
• Positive Sentiment: Zacks said AppLovin’s AI-powered ad platform is driving record revenue momentum as demand expands across digital advertising and e-commerce, suggesting the company’s growth story remains intact. AppLovin’s Revenue Momentum Reflects AI-Driven Advertising Demand
• Positive Sentiment: Multiple reports noted the stock moved higher after positive analyst commentary tied to strong recent financial results and the upcoming AI advertising platform rollout. Why AppLovin (APP) Stock Is Trading Up Today
• Neutral Sentiment: A Zacks roundup also grouped AppLovin with other growth names, but the mention was largely a general analyst note rather than a new company-specific catalyst. Zacks Analyst Blog Highlights Citigroup, TotalEnergies, AppLovin
• Neutral Sentiment: One analysis compared AppLovin with Coherent and argued COHR has an edge due to valuation and AI infrastructure demand, but this appears more like relative commentary than a direct fundamental setback for APP. Coherent vs. AppLovin: Which AI Growth Stock Is Better Positioned?
• Negative Sentiment: Recent insider selling by CTO Vasily Shikin may temper sentiment somewhat, though the sales were small relative to his remaining holdings and are outweighed by the bullish analyst-driven narrative. AppLovin CTO Insider Sales

AppLovin Stock Up 2.2%

Shares of APP opened at $613.09 on Friday. The business’s 50 day moving average is $456.58 and its 200 day moving average is $521.70. The company has a market capitalization of $205.96 billion, a PE ratio of 52.67, a price-to-earnings-growth ratio of 1.00 and a beta of 2.37. AppLovin Corporation has a 12-month low of $320.00 and a 12-month high of $745.61. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 1.49.

AppLovin (NASDAQ:APP) last issued its earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.12. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.77 billion. AppLovin had a return on equity of 219.37% and a net margin of 64.29%.The firm’s quarterly revenue was up 58.9% on a year-over-year basis. During the same quarter last year, the company earned $1.67 EPS. Research analysts expect that AppLovin Corporation will post 15.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Arash Adam Foroughi sold 40,704 shares of AppLovin stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $459.85, for a total transaction of $18,717,734.40. Following the sale, the chief executive officer owned 2,430,414 shares of the company’s stock, valued at approximately $1,117,625,877.90. This trade represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eduardo Vivas sold 163,910 shares of AppLovin stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $453.49, for a total value of $74,331,545.90. Following the sale, the director directly owned 6,969,382 shares in the company, valued at $3,160,545,043.18. This trade represents a 2.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 464,016 shares of company stock worth $218,477,985 over the last quarter. Company insiders own 13.66% of the company’s stock.

AppLovin Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.