Nissay Asset Management Corp Japan Purchases 5,185 Shares of AppLovin Corporation $APP

Nissay Asset Management Corp Japan increased its position in AppLovin Corporation (NASDAQ:APP) by 6.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,992 shares of the company’s stock after acquiring an additional 5,185 shares during the period. Nissay Asset Management Corp Japan’s holdings in AppLovin were worth $41,730,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Revolve Wealth Partners LLC lifted its holdings in shares of AppLovin by 2.8% during the second quarter. Revolve Wealth Partners LLC now owns 851 shares of the company’s stock valued at $438,000 after purchasing an additional 23 shares in the last quarter. Alta Wealth Advisors LLC increased its holdings in AppLovin by 0.6% in the 4th quarter. Alta Wealth Advisors LLC now owns 3,925 shares of the company’s stock worth $2,645,000 after buying an additional 24 shares in the last quarter. Washington Trust Advisors Inc. increased its holdings in AppLovin by 160.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock worth $27,000 after buying an additional 24 shares in the last quarter. IMA Advisory Services Inc. increased its holdings in AppLovin by 40.0% in the 1st quarter. IMA Advisory Services Inc. now owns 84 shares of the company’s stock worth $33,000 after buying an additional 24 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its position in AppLovin by 2.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,115 shares of the company’s stock worth $828,000 after buying an additional 24 shares during the last quarter. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other AppLovin news, insider Victoria Valenzuela sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $565.89, for a total value of $11,317,800.00. Following the completion of the transaction, the insider directly owned 243,961 shares in the company, valued at $138,055,090.29. This represents a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Arash Adam Foroughi sold 22,544 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $494.98, for a total transaction of $11,158,829.12. Following the completion of the transaction, the chief executive officer owned 2,327,684 shares of the company’s stock, valued at approximately $1,152,157,026.32. The trade was a 0.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 294,228 shares of company stock valued at $148,403,985. 12.81% of the stock is owned by insiders.

AppLovin Price Performance

NASDAQ APP opened at $317.76 on Friday. The business’s fifty day moving average is $409.53 and its 200 day moving average is $444.27. AppLovin Corporation has a fifty-two week low of $297.50 and a fifty-two week high of $745.61. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.30 and a current ratio of 4.30. The company has a market capitalization of $106.34 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 0.63 and a beta of 2.54.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on APP. Scotiabank reaffirmed a “sector outperform” rating and set a $515.00 price target on shares of AppLovin in a report on Thursday, August 6th. Bank of America reissued a “neutral” rating and set a $400.00 price objective (down from $430.00) on shares of AppLovin in a report on Tuesday, August 11th. 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. Morgan Stanley cut their target price on shares of AppLovin from $720.00 to $650.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Finally, UBS Group decreased their target price on shares of AppLovin from $798.00 to $790.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $552.74.

Key Headlines Impacting AppLovin

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.