Davis Selected Advisers Boosts Stock Holdings in AppLovin Corporation $APP

Davis Selected Advisers lifted its position in shares of AppLovin Corporation (NASDAQ:APP) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 223,574 shares of the company’s stock after acquiring an additional 8,501 shares during the period. Davis Selected Advisers’ holdings in AppLovin were worth $160,647,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in APP. CBIZ Investment Advisory Services LLC boosted its stake in AppLovin by 58.6% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 46 shares of the company’s stock valued at $33,000 after purchasing an additional 17 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of AppLovin by 2.8% in the 3rd quarter. Versant Capital Management Inc now owns 701 shares of the company’s stock worth $504,000 after purchasing an additional 19 shares in the last quarter. Claro Advisors LLC raised its stake in shares of AppLovin by 3.2% in the third quarter. Claro Advisors LLC now owns 647 shares of the company’s stock worth $465,000 after purchasing an additional 20 shares during the last quarter. Optas LLC lifted its holdings in shares of AppLovin by 2.5% during the third quarter. Optas LLC now owns 877 shares of the company’s stock valued at $630,000 after purchasing an additional 21 shares in the last quarter. Finally, Strategic Advocates LLC lifted its holdings in shares of AppLovin by 0.8% during the third quarter. Strategic Advocates LLC now owns 2,576 shares of the company’s stock valued at $1,851,000 after purchasing an additional 21 shares in the last quarter. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on APP. Arete Research set a $340.00 price objective on AppLovin and gave the stock a “neutral” rating in a report on Monday, March 2nd. Benchmark restated a “buy” rating on shares of AppLovin in a research note on Friday, March 6th. Citigroup dropped their price target on shares of AppLovin from $820.00 to $710.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Scotiabank lifted their price target on shares of AppLovin from $750.00 to $775.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Finally, Wells Fargo & Company decreased their price objective on shares of AppLovin from $735.00 to $543.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $654.50.

AppLovin Stock Down 3.6%

APP stock opened at $442.57 on Thursday. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. The business’s 50-day moving average is $483.75 and its two-hundred day moving average is $573.55. The company has a debt-to-equity ratio of 1.65, a quick ratio of 3.32 and a current ratio of 3.32. The company has a market cap of $149.27 billion, a price-to-earnings ratio of 45.39, a P/E/G ratio of 0.81 and a beta of 2.51.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, February 11th. The company reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.35. AppLovin had a return on equity of 245.64% and a net margin of 57.42%.The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the previous year, the company posted $1.73 EPS. The business’s quarterly revenue was up 66.0% compared to the same quarter last year. As a group, analysts forecast that AppLovin Corporation will post 6.87 earnings per share for the current year.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin is pitching e‑commerce (AXON 2.0) as a new growth engine that could expand its addressable ad market beyond gaming; this is being highlighted as a meaningful upside case by analysts. Article Title
• Positive Sentiment: Seeking Alpha published an upgrade/bullish take that argues upside remains if management executes on monetization and growth initiatives. Article Title
• Positive Sentiment: Wall Street consensus remains favorable (average brokerage rating ~Buy), which can support the stock if quarterly execution stays strong. Article Title
• Neutral Sentiment: Short‑interest data in recent reports shows anomalous zeros/NaN entries (likely a reporting/data error), so there’s no clear signal from short interest this cycle.
• Neutral Sentiment: Advisory Services Network LLC sold a small block (1,455 shares), reducing its position modestly — immaterial to large‑cap liquidity. Article Title
• Neutral Sentiment: Several media pieces are re‑examining valuation and recent volatility (useful context but not immediate catalysts). Article Title
• Negative Sentiment: Director Eduardo Vivas sold 163,910 shares (~$74.3M) at an average ~$453.49 on Mar 16 — a large insider sale that likely amplified selling pressure and market concern over insider timing. SEC filing: SEC Filing
• Negative Sentiment: Market coverage highlighted the stock’s drop and tied some of the move to the insider sale and short‑term technical weakness, which can amplify downward momentum. Article Title
• Negative Sentiment: Other headlines explicitly link recent share weakness to insider selling, reinforcing negative sentiment among traders. Article Title

Insider Buying and Selling

In other AppLovin news, CEO Arash Adam Foroughi sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $466.04, for a total value of $23,302,000.00. Following the transaction, the chief executive officer directly owned 2,480,414 shares in the company, valued at approximately $1,155,972,140.56. This trade represents a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Vasily Shikin sold 62,804 shares of AppLovin stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $486.43, for a total transaction of $30,549,749.72. Following the transaction, the chief technology officer owned 3,255,273 shares in the company, valued at $1,583,462,445.39. This represents a 1.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 344,334 shares of company stock valued at $159,993,818. 13.66% of the stock is owned by insiders.

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.