Royal London Asset Management Ltd. Has $124.25 Million Stock Holdings in AppLovin Corporation $APP

Royal London Asset Management Ltd. raised its stake in AppLovin Corporation (NASDAQ:APP) by 2.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 241,152 shares of the company’s stock after acquiring an additional 6,013 shares during the quarter. Royal London Asset Management Ltd.’s holdings in AppLovin were worth $124,249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC raised its holdings in AppLovin by 3,695.3% during the second quarter. Signature Estate & Investment Advisors LLC now owns 76,361 shares of the company’s stock worth $39,345,000 after purchasing an additional 74,349 shares in the last quarter. Insight Wealth Strategies LLC acquired a new position in shares of AppLovin during the 2nd quarter valued at $6,939,000. Generate Investment Management Ltd bought a new stake in shares of AppLovin in the 2nd quarter worth $7,226,000. Asset Management One Co. Ltd. raised its stake in shares of AppLovin by 6.5% in the 2nd quarter. Asset Management One Co. Ltd. now owns 105,909 shares of the company’s stock worth $54,567,000 after buying an additional 6,424 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of AppLovin by 312.0% in the fourth quarter. Fifth Third Bancorp now owns 6,123 shares of the company’s stock valued at $4,126,000 after buying an additional 4,637 shares during the period. Institutional investors own 41.85% of the company’s stock.

Insider Activity

In related news, insider Victoria Valenzuela sold 20,000 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $565.89, for a total transaction of $11,317,800.00. Following the transaction, the insider directly owned 243,961 shares of the company’s stock, valued at approximately $138,055,090.29. The trade was a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eduardo Vivas sold 163,910 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $504.06, for a total value of $82,620,474.60. Following the completion of the sale, the director directly owned 6,785,087 shares of the company’s stock, valued at approximately $3,420,090,953.22. This represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 294,228 shares of company stock worth $148,403,985 in the last quarter. Insiders own 12.81% of the company’s stock.

AppLovin Trading Up 1.6%

Shares of APP opened at $317.76 on Friday. The business’s 50-day moving average price is $409.53 and its 200 day moving average price is $444.27. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $106.34 billion, a P/E ratio of 24.42, a P/E/G ratio of 0.63 and a beta of 2.54. AppLovin Corporation has a 1-year low of $297.50 and a 1-year high of $745.61.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 EPS for the quarter, meeting analysts’ consensus estimates of $3.76. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm earned $2.39 earnings per share. The business’s quarterly revenue was up 52.8% on a year-over-year basis. Analysts expect that AppLovin Corporation will post 15.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Phillip Securities raised AppLovin from a “moderate buy” rating to a “strong-buy” rating in a report on Tuesday, August 11th. The Goldman Sachs Group dropped their price target on shares of AppLovin from $585.00 to $465.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of AppLovin from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Citigroup dropped their target price on shares of AppLovin from $710.00 to $650.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Wells Fargo & Company reduced their target price on shares of AppLovin from $357.00 to $325.00 and set an “equal weight” rating for the company in a report on Wednesday, August 19th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $552.74.

AppLovin News Roundup

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Options activity was unusually heavy, with traders purchasing 47,438 call options—about 32% above the average call volume. The activity may indicate renewed speculative interest or expectations for a recovery, although options flow is not a definitive forecast. Do Options Traders Know Something About AppLovin Stock We Don’t?
• Positive Sentiment: AppLovin’s valuation has become more supportable after a roughly 54% year-to-date selloff. Its reported fundamentals remain strong, including 52.8% year-over-year revenue growth, a high net margin and substantial cash generation, helping fuel the value-oriented rebound thesis. AppLovin Rises After Year-to-Date Slide
• Neutral Sentiment: A comparison with Meta Platforms highlights AppLovin’s faster percentage growth but Meta’s much larger scale. Investors are assessing whether AppLovin can sustain its growth advantage.
• Negative Sentiment: Needham & Company lowered its expectations for AppLovin’s stock price, potentially limiting the recovery and reinforcing concerns about valuation or future growth.
• Negative Sentiment: Recent analysis emphasizes that AppLovin has historically experienced sharper declines than the broader market. Another comparison found Coherent more attractive based on faster expected growth, stronger earnings-estimate momentum and a lower valuation, despite AppLovin’s superior margins and cash flow. AppLovin Stock Has Already Taken a Shock-Sized Fall

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.