State of Michigan Retirement System Grows Stake in AppLovin Corporation $APP

State of Michigan Retirement System lifted its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 7.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,200 shares of the company’s stock after buying an additional 300 shares during the period. State of Michigan Retirement System’s holdings in AppLovin were worth $1,470,000 as of its most recent SEC filing.

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

Insider Activity

In related news, CTO Vasily Shikin sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $437.57, for a total value of $13,127,100.00. Following the completion of the sale, the chief technology officer owned 3,360,104 shares in the company, valued at $1,470,280,707.28. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 represents a 52.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,156,788 shares of company stock valued at $514,863,333 over the last ninety days. 13.66% of the stock is currently owned by company insiders.

AppLovin Trading Up 0.7%

NASDAQ:APP opened at $621.36 on Friday. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 3.01. The stock’s 50 day simple moving average is $602.04 and its 200-day simple moving average is $447.68. AppLovin Corporation has a 12-month low of $200.50 and a 12-month high of $745.61. The firm has a market cap of $210.18 billion, a P/E ratio of 75.41, a PEG ratio of 3.35 and a beta of 2.50.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.11. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 294.76%. AppLovin’s quarterly revenue was up 68.2% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. Equities analysts anticipate that AppLovin Corporation will post 6.87 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on APP. Wedbush lifted their target price on AppLovin from $745.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday. Scotiabank raised their price target on AppLovin from $575.00 to $750.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group boosted their price objective on AppLovin from $810.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group increased their price objective on AppLovin from $560.00 to $615.00 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, Benchmark lifted their target price on shares of AppLovin from $640.00 to $700.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $635.39.

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.