Jupiter Asset Management Ltd. Sells 82,336 Shares of AppLovin Corporation $APP

Jupiter Asset Management Ltd. reduced its position in AppLovin Corporation (NASDAQ:APP) by 99.2% during the third quarter, HoldingsChannel.com reports. The firm owned 691 shares of the company’s stock after selling 82,336 shares during the period. Jupiter Asset Management Ltd.’s holdings in AppLovin were worth $497,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of AppLovin by 39.4% in the third quarter. Vanguard Group Inc. now owns 24,954,458 shares of the company’s stock worth $17,930,776,000 after buying an additional 7,051,663 shares during the period. State Street Corp grew its position in AppLovin by 2.4% in the 2nd quarter. State Street Corp now owns 5,615,415 shares of the company’s stock valued at $1,965,844,000 after acquiring an additional 133,402 shares during the last quarter. Jennison Associates LLC grew its position in AppLovin by 55.2% in the 3rd quarter. Jennison Associates LLC now owns 3,886,150 shares of the company’s stock valued at $2,792,355,000 after acquiring an additional 1,381,970 shares during the last quarter. Norges Bank purchased a new stake in AppLovin in the second quarter worth $951,541,000. Finally, Rakuten Investment Management Inc. bought a new stake in shares of AppLovin during the third quarter worth $1,456,108,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Insider Buying and Selling at AppLovin

In other AppLovin news, insider Victoria Valenzuela sold 7,609 shares of AppLovin stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $657.13, for a total value of $5,000,102.17. Following the transaction, the insider owned 277,110 shares in the company, valued at $182,097,294.30. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dawson Alyssa Harvey sold 150 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $693.32, for a total transaction of $103,998.00. Following the completion of the transaction, the director owned 2,829 shares of the company’s stock, valued at $1,961,402.28. This represents a 5.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 13.66% of the company’s stock.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Record results and margin strength are supporting sentiment — AppLovin reported a blowout quarter (record revenue, high margins, $3.24 EPS) that beats expectations and underpins bullish analyst commentary. AppLovin Stock Jumps. Why the Market’s Suddenly Excited About It.
• Positive Sentiment: Reports that AppLovin is pursuing its own social media/network product (after a failed TikTok bid) are being viewed as a potential growth/monetization lever, helping drive buying interest. AppLovin Stock Rallies After Rough Start To Year. Here’s Why.
• Positive Sentiment: Analysts and commentary pieces are turning bullish following the strong results, which supports a higher valuation narrative for a company that has evolved into a profitable ad platform. Analysts Bullish On AppLovin Corporation (APP) Outlook Following Impressive Results
• Neutral Sentiment: Macro/newsflow context: broader market conditions and upcoming economic releases are influencing trading; some market summaries highlight AppLovin among movers but focus is also on GDP and inflation data. 5 Things to Know Before the Stock Market Opens
• Neutral Sentiment: Short interest data reported in some feeds appears inconsistent/erroneous (zeros and NaN), so don’t treat those prints as a reliable signal for squeeze risk. (Data posted 2/18–2/19).
• Negative Sentiment: Regulatory risk: Bloomberg reports the SEC’s investigation into AppLovin remains active — this ongoing probe raises uncertainty and could pressure sentiment until resolved. SEC probe involving AppLovin still active, Bloomberg News reports
• Negative Sentiment: Despite its best quarter, the stock endured a sharp pullback recently — analysts and pieces flag competition (Meta, others) and sector weakness as reasons the market punished shares, highlighting execution and competitive risk. How Low Can AppLovin Stock Go? APP Declines 29% in a Month

AppLovin Price Performance

NASDAQ APP opened at $418.68 on Monday. The company has a market cap of $141.49 billion, a PE ratio of 42.94, a P/E/G ratio of 0.86 and a beta of 2.49. The firm’s 50 day moving average price is $566.47 and its 200-day moving average price is $573.74. The company has a debt-to-equity ratio of 1.65, a quick ratio of 3.32 and a current ratio of 3.32. AppLovin Corporation has a 52-week low of $200.50 and a 52-week high of $745.61.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $650.00 target price (down from $800.00) on shares of AppLovin in a research note on Thursday, February 12th. Citigroup lowered their price objective on shares of AppLovin from $820.00 to $710.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. JPMorgan Chase & Co. upped their target price on shares of AppLovin from $425.00 to $650.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Scotiabank lifted their price target on shares of AppLovin from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Evercore reissued a “buy” rating on shares of AppLovin in a research note on Friday, January 30th. Twenty-one analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $651.77.

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.