Nomura Asset Management Co. Ltd. Has $29.24 Million Stake in AppLovin Corporation $APP

Nomura Asset Management Co. Ltd. raised its stake in shares of AppLovin Corporation (NASDAQ:APP) by 17.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,524 shares of the company’s stock after buying an additional 12,215 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in AppLovin were worth $29,240,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of APP. Hilltop National Bank acquired a new position in AppLovin during the second quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA acquired a new stake in AppLovin in the second quarter worth $26,000. SouthState Corp bought a new position in shares of AppLovin during the first quarter worth $29,000. Hoey Investments Inc. acquired a new position in shares of AppLovin in the 2nd quarter valued at $35,000. Finally, Trust Co. of Vermont bought a new stake in shares of AppLovin in the 2nd quarter valued at $35,000. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AppLovin

In related news, Director Eduardo Vivas sold 150,000 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $650.91, for a total value of $97,636,500.00. Following the completion of the transaction, the director owned 7,133,292 shares of the company’s stock, valued at approximately $4,643,131,095.72. This trade represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Vasily Shikin sold 30,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $437.57, for a total transaction of $13,127,100.00. Following the sale, the chief technology officer directly 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 430,844 shares of company stock worth $221,382,532. Company insiders own 13.66% of the company’s stock.

AppLovin Stock Down 2.5%

Shares of AppLovin stock opened at $526.01 on Wednesday. The firm has a market cap of $177.77 billion, a PE ratio of 63.84, a P/E/G ratio of 2.89 and a beta of 2.50. The business’s 50 day simple moving average is $614.21 and its 200 day simple moving average is $467.63. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25. AppLovin Corporation has a 52-week low of $200.50 and a 52-week high of $745.61.

AppLovin (NASDAQ:APP) last released its quarterly 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 firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. On average, analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of AppLovin in a report on Tuesday, August 26th. Bank of America raised their price target on AppLovin from $580.00 to $860.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of AppLovin in a report on Thursday, November 13th. Wall Street Zen cut AppLovin from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Deutsche Bank Aktiengesellschaft set a $705.00 target price on shares of AppLovin and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Twenty-one equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, AppLovin currently has an average rating of “Moderate Buy” and an average target price of $658.27.

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.