Nissay Asset Management Corp Japan Grows Position in AppLovin Corporation $APP

Nissay Asset Management Corp Japan increased its stake in shares of AppLovin Corporation (NASDAQ:APP) by 6.8% in the second quarter, Holdings Channel.com reports. The fund owned 80,992 shares of the company’s stock after purchasing an additional 5,185 shares during the period. Nissay Asset Management Corp Japan’s holdings in AppLovin were worth $41,730,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of APP. Cassaday & Co Wealth Management LLC purchased a new stake in AppLovin in the 1st quarter worth $25,000. Washington Trust Advisors Inc. grew its position in shares of AppLovin by 160.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock valued at $27,000 after purchasing an additional 24 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new position in shares of AppLovin during the fourth quarter valued at about $27,000. Pioneer Family Office LLC bought a new stake in shares of AppLovin in the second quarter worth about $31,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of AppLovin in the fourth quarter worth about $32,000. 41.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APP has been the subject of a number of research reports. Piper Sandler dropped their price target on AppLovin from $385.00 to $325.00 and set a “neutral” rating for the company in a research note on Friday, August 21st. KeyCorp set a $775.00 price objective on AppLovin in a research note on Wednesday, June 10th. Bank of America reaffirmed a “neutral” rating and set a $400.00 price objective (down from $430.00) on shares of AppLovin in a report on Tuesday, August 11th. William Blair set a $440.00 target price on AppLovin in a research report on Monday, August 17th. Finally, The Goldman Sachs Group cut their target price on shares of AppLovin from $585.00 to $465.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $552.74.

Insider Buying and Selling

In related news, CEO Arash Adam Foroughi sold 22,544 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $494.98, for a total transaction of $11,158,829.12. Following the sale, the chief executive officer owned 2,327,684 shares in the company, valued at approximately $1,152,157,026.32. This represents a 0.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Maynard G. Webb, Jr. sold 3,076 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $521.29, for a total value of $1,603,488.04. Following the completion of the sale, the director owned 120,444 shares of the company’s stock, valued at approximately $62,786,252.76. This represents a 2.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 294,228 shares of company stock worth $148,403,985. 12.81% of the stock is currently owned by corporate insiders.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Options activity was unusually heavy, with traders purchasing 47,438 call options—about 32% above the average call volume. The activity may indicate renewed speculative interest or expectations for a recovery, although options flow is not a definitive forecast. Do Options Traders Know Something About AppLovin Stock We Don’t?
• Positive Sentiment: AppLovin’s valuation has become more supportable after a roughly 54% year-to-date selloff. Its reported fundamentals remain strong, including 52.8% year-over-year revenue growth, a high net margin and substantial cash generation, helping fuel the value-oriented rebound thesis. AppLovin Rises After Year-to-Date Slide
• Neutral Sentiment: A comparison with Meta Platforms highlights AppLovin’s faster percentage growth but Meta’s much larger scale. Investors are assessing whether AppLovin can sustain its growth advantage.
• Negative Sentiment: Needham & Company lowered its expectations for AppLovin’s stock price, potentially limiting the recovery and reinforcing concerns about valuation or future growth.
• Negative Sentiment: Recent analysis emphasizes that AppLovin has historically experienced sharper declines than the broader market. Another comparison found Coherent more attractive based on faster expected growth, stronger earnings-estimate momentum and a lower valuation, despite AppLovin’s superior margins and cash flow. AppLovin Stock Has Already Taken a Shock-Sized Fall

AppLovin Trading Up 1.6%

APP opened at $317.76 on Friday. The stock has a 50-day moving average of $409.53 and a 200 day moving average of $444.27. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11. AppLovin Corporation has a 12 month low of $297.50 and a 12 month high of $745.61. The firm has a market cap of $106.34 billion, a P/E ratio of 24.42, a P/E/G ratio of 0.63 and a beta of 2.54.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.76. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.The company’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.39 earnings per share. As a group, research analysts forecast that AppLovin Corporation will post 15.53 EPS for the current year.

About AppLovin

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.