Bank of New York Mellon Corp Reduces Stock Position in AppLovin Corporation $APP

Bank of New York Mellon Corp lessened its stake in AppLovin Corporation (NASDAQ:APP) by 5.7% in the fourth quarter, HoldingsChannel reports. The firm owned 1,408,304 shares of the company’s stock after selling 85,190 shares during the period. Bank of New York Mellon Corp’s holdings in AppLovin were worth $948,943,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in APP. Board of the Pension Protection Fund bought a new position in shares of AppLovin during the 4th quarter valued at $27,000. Washington Trust Advisors Inc. grew its holdings in shares of AppLovin by 160.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock worth $27,000 after acquiring an additional 24 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in AppLovin during the fourth quarter valued at $32,000. CBIZ Investment Advisory Services LLC increased its position in AppLovin by 58.6% during the third quarter. CBIZ Investment Advisory Services LLC now owns 46 shares of the company’s stock valued at $33,000 after acquiring an additional 17 shares during the last quarter. Finally, Graney & King LLC bought a new position in AppLovin in the third quarter valued at about $36,000. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APP has been the topic of several research reports. UBS Group dropped their target price on AppLovin from $740.00 to $716.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Arete Research set a $340.00 price target on shares of AppLovin and gave the company a “neutral” rating in a research report on Monday, March 2nd. Jefferies Financial Group lowered their price objective on shares of AppLovin from $860.00 to $700.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Piper Sandler raised their price objective on shares of AppLovin from $650.00 to $665.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Oppenheimer cut their target price on shares of AppLovin from $740.00 to $660.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $664.35.

AppLovin Price Performance

Shares of NASDAQ:APP opened at $570.83 on Thursday. 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 Corporation has a 1-year low of $320.00 and a 1-year high of $745.61. The company has a market capitalization of $191.76 billion, a P/E ratio of 49.04, a P/E/G ratio of 0.98 and a beta of 2.45. The firm’s 50 day simple moving average is $465.56 and its two-hundred day simple moving average is $521.17.

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

Insiders Place Their Bets

In other news, CEO Arash Adam Foroughi sold 40,704 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $459.85, for a total value of $18,717,734.40. Following the completion of the transaction, the chief executive officer owned 2,430,414 shares of the company’s stock, valued at $1,117,625,877.90. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Matthew Stumpf sold 9,052 shares of AppLovin stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $600.00, for a total value of $5,431,200.00. Following the sale, the chief financial officer directly owned 177,450 shares in the company, valued at $106,470,000. This trade represents a 4.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 464,016 shares of company stock worth $218,477,985. 13.66% of the stock is currently owned by corporate insiders.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin continues to get support from Wall Street, with analysts maintaining a Moderate Buy consensus and broadly optimistic views on the company’s outlook. AppLovin Corporation (NASDAQ:APP) Receives Average Rating of “Moderate Buy” from Analysts
• Positive Sentiment: The company’s May rally was tied to strong earnings and enthusiasm from both buy-side and sell-side investors, reinforcing the view that its AI-driven ad growth and profitability remain key strengths. Why AppLovin Rallied in May
• Positive Sentiment: Coverage highlighting significant insider ownership may reassure investors that management has meaningful skin in the game, which can be a positive signal for long-term alignment. Spotlight On AppLovin And 2 More Growth Stocks With Significant Insider Stakes
• Neutral Sentiment: AppLovin has drawn increased investor attention recently, which may reflect continued interest in the story rather than a fresh catalyst. AppLovin Corporation (APP) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Comments on the stock “outperforming the Dow” and its strong analyst support reinforce the bullish narrative, but do not appear to add a new near-term catalyst. Is AppLovin Stock Outperforming the Dow?
• Negative Sentiment: Software stocks sold off for a second straight session, and AppLovin was caught in the broader profit-taking move. 8×8, BlackLine, and AppLovin Stocks Trade Down, What You Need To Know
• Negative Sentiment: Recent analysis of APP’s year-to-date decline says the stock’s valuation remains elevated, even though profitability and AI ad growth remain strong, suggesting investors are still debating how much upside is already priced in. AppLovin Slides 15% YTD: Is the Stock a Buying Opportunity?

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.