Norges Bank Buys Shares of 3,027,991 AppLovin Corporation $APP

Norges Bank bought a new stake in AppLovin Corporation (NASDAQ:APP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,027,991 shares of the company’s stock, valued at approximately $2,040,321,000.

Several other large investors have also recently bought and sold shares of the company. Zweig DiMenna Associates LLC raised its position in AppLovin by 6.0% in the fourth quarter. Zweig DiMenna Associates LLC now owns 119,945 shares of the company’s stock valued at $80,821,000 after purchasing an additional 6,745 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in shares of AppLovin during the fourth quarter worth about $20,214,000. Fideuram Asset Management Ireland dac bought a new position in shares of AppLovin during the fourth quarter worth about $7,616,000. Fiducient Advisors LLC bought a new position in shares of AppLovin during the fourth quarter worth about $1,772,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of AppLovin during the fourth quarter worth about $294,000. 41.85% of the stock is currently owned by institutional investors.

AppLovin Trading Up 2.2%

NASDAQ APP opened at $613.09 on Friday. The business has a 50 day simple moving average of $456.58 and a 200 day simple moving average of $521.70. AppLovin Corporation has a one year low of $320.00 and a one year high of $745.61. The stock has a market capitalization of $205.96 billion, a P/E ratio of 52.67, a P/E/G ratio of 0.98 and a beta of 2.37. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.24 and a quick ratio of 3.24.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, May 6th. The company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.44 by $0.12. AppLovin had a return on equity of 219.37% and a net margin of 64.29%.The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the firm posted $1.67 earnings per share. The firm’s revenue was up 58.9% on a year-over-year basis. Research analysts expect that AppLovin Corporation will post 15.86 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Matthew Stumpf sold 9,052 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $600.00, for a total transaction of $5,431,200.00. Following the completion of the sale, the chief financial officer owned 177,450 shares of the company’s stock, valued at $106,470,000. This trade represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eduardo Vivas sold 163,910 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $453.49, for a total value of $74,331,545.90. Following the sale, the director directly owned 6,969,382 shares of the company’s stock, valued at $3,160,545,043.18. This represents a 2.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 464,016 shares of company stock worth $218,477,985. Company insiders own 13.66% of the company’s stock.

Key Headlines Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Needham reaffirmed its Buy rating and lifted its price target to $700, reinforcing the view that AppLovin still has room to run. Needham Reaffirms Buy Rating on AppLovin
• Positive Sentiment: Deutsche Bank also raised its price target to $660 while maintaining a Buy rating, adding to the bullish analyst backdrop. Why Wall Street Still Sees More Upside In AppLovin
• Positive Sentiment: Zacks said AppLovin’s AI-powered ad platform is driving record revenue momentum as demand expands across digital advertising and e-commerce, suggesting the company’s growth story remains intact. AppLovin’s Revenue Momentum Reflects AI-Driven Advertising Demand
• Positive Sentiment: Multiple reports noted the stock moved higher after positive analyst commentary tied to strong recent financial results and the upcoming AI advertising platform rollout. Why AppLovin (APP) Stock Is Trading Up Today
• Neutral Sentiment: A Zacks roundup also grouped AppLovin with other growth names, but the mention was largely a general analyst note rather than a new company-specific catalyst. Zacks Analyst Blog Highlights Citigroup, TotalEnergies, AppLovin
• Neutral Sentiment: One analysis compared AppLovin with Coherent and argued COHR has an edge due to valuation and AI infrastructure demand, but this appears more like relative commentary than a direct fundamental setback for APP. Coherent vs. AppLovin: Which AI Growth Stock Is Better Positioned?
• Negative Sentiment: Recent insider selling by CTO Vasily Shikin may temper sentiment somewhat, though the sales were small relative to his remaining holdings and are outweighed by the bullish analyst-driven narrative. AppLovin CTO Insider Sales

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on APP shares. Evercore restated a “buy” rating on shares of AppLovin in a research report on Friday, January 30th. Oppenheimer lowered their price objective on AppLovin from $740.00 to $660.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Arete Research set a $340.00 price objective on AppLovin and gave the stock a “neutral” rating in a research report on Monday, March 2nd. UBS Group lowered their price objective on AppLovin from $740.00 to $716.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded AppLovin from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, AppLovin has an average rating of “Moderate Buy” and an average price target of $664.35.

AppLovin Company 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.