Penserra Capital Management LLC Has $2.33 Million Stock Holdings in AppLovin Corporation $APP

Penserra Capital Management LLC lowered its position in shares of AppLovin Corporation (NASDAQ:APP) by 2.3% in the second quarter, Holdings Channel reports. The firm owned 6,650 shares of the company’s stock after selling 157 shares during the period. Penserra Capital Management LLC’s holdings in AppLovin were worth $2,327,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of APP. Hilltop National Bank acquired a new stake in AppLovin in the second quarter worth $26,000. Hoey Investments Inc. acquired a new stake in AppLovin during the 2nd quarter worth $35,000. Trust Co. of Vermont acquired a new stake in AppLovin during the 2nd quarter worth $35,000. ORG Partners LLC lifted its holdings in AppLovin by 146.5% during the second quarter. ORG Partners LLC now owns 106 shares of the company’s stock worth $36,000 after acquiring an additional 63 shares in the last quarter. Finally, SouthState Corp acquired a new position in AppLovin in the first quarter valued at about $29,000. Institutional investors own 41.85% of the company’s stock.

AppLovin Stock Performance

Shares of APP stock opened at $619.93 on Monday. The company has a fifty day moving average price of $604.87 and a two-hundred day moving average price of $453.29. AppLovin Corporation has a one year low of $200.50 and a one year high of $745.61. The stock has a market cap of $209.69 billion, a P/E ratio of 75.23, a P/E/G ratio of 3.33 and a beta of 2.50. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25.

AppLovin (NASDAQ:APP) last released 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. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $1.29 EPS. AppLovin’s revenue for the quarter was up 68.2% compared to the same quarter last year. AppLovin has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that AppLovin Corporation will post 6.87 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on APP. Zacks Research lowered AppLovin from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Jefferies Financial Group lifted their price objective on shares of AppLovin from $560.00 to $615.00 and gave the company a “buy” rating in a report on Friday, September 5th. Wells Fargo & Company increased their target price on shares of AppLovin from $633.00 to $721.00 and gave the stock an “overweight” rating in a report on Friday. Wedbush raised their target price on shares of AppLovin from $745.00 to $800.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Weiss Ratings raised shares of AppLovin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Twenty-one equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, AppLovin presently has an average rating of “Moderate Buy” and a consensus price target of $659.64.

Insider Buying and Selling at AppLovin

In other AppLovin news, Director Eduardo Vivas sold 125,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $466.00, for a total value of $58,250,000.00. Following the transaction, the director directly owned 7,283,292 shares in the company, valued at $3,394,014,072. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Victoria Valenzuela sold 35,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $502.23, for a total transaction of $17,578,050.00. Following the completion of the transaction, the insider directly owned 269,955 shares in the company, valued at $135,579,499.65. The trade was a 11.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,159,138 shares of company stock worth $516,256,695 in the last three months. 13.66% of the stock is owned by insiders.

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.