Candriam S.C.A. Raises Stock Position in AppLovin Corporation $APP

Candriam S.C.A. raised its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 118.7% during the first quarter, Holdings Channel.com reports. The fund owned 78,559 shares of the company’s stock after buying an additional 42,638 shares during the period. Candriam S.C.A.’s holdings in AppLovin were worth $31,266,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in APP. Washington Trust Advisors Inc. grew its position in shares of AppLovin by 160.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock worth $27,000 after purchasing an additional 24 shares in the last quarter. Board of the Pension Protection Fund purchased a new position in AppLovin in the 4th quarter worth approximately $27,000. Mcguire Capital Advisors Inc. purchased a new position in AppLovin in the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC bought a new position in AppLovin in the 4th quarter worth approximately $32,000. Finally, Osbon Capital Management LLC purchased a new stake in AppLovin during the 4th quarter valued at approximately $36,000. Institutional investors own 41.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating on shares of AppLovin in a research report on Tuesday. Citigroup reaffirmed a “buy” rating on shares of AppLovin in a research note on Monday, June 22nd. Raymond James Financial initiated coverage on shares of AppLovin in a report on Monday, June 29th. They set a “strong-buy” rating and a $640.00 price objective for the company. JPMorgan Chase & Co. raised their price target on AppLovin from $500.00 to $515.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, KeyCorp set a $775.00 price objective on AppLovin in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $668.45.

Trending Headlines about AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Jefferies survey data suggests AppLovin is gaining e-commerce ad share as advertisers expand platform use, with its share of advertiser budgets rising to 11.1%, reinforcing the view that its ad tech is still taking share. Article on Jefferies survey and budget share gains
• Positive Sentiment: Analysts remain constructive, with BTIG reaffirming a Buy rating and a $640 price target, while other reports point to AppLovin’s strong earnings execution, revenue growth, and expanding margins. BTIG price target and earnings outlook article
• Positive Sentiment: Market commentary highlights that investors are closely watching AppLovin’s growth story, which can support momentum when sentiment around AI and ad-tech leaders is strong. Zacks article on investor interest
• Neutral Sentiment: Short-interest data showed no reported short interest as of July 10, so this update does not appear to signal meaningful bearish positioning.
• Negative Sentiment: Director Maynard G. Webb, Jr. sold 3,076 shares worth about $1.6 million, which may weigh on sentiment even though he still retains a large position. SEC filing on insider sale
• Negative Sentiment: New reporting raised questions about political donations and Chinese investor ties, introducing potential reputational and geopolitical overhangs for AppLovin (APP). Yahoo Finance article on political donations and investor ties

Insiders Place Their Bets

In other news, Director Eduardo Vivas sold 163,910 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $504.06, for a total value of $82,620,474.60. Following the transaction, the director directly owned 6,785,087 shares in the company, valued at approximately $3,420,090,953.22. This represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Matthew Stumpf sold 9,052 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 177,450 shares in the company, valued at $106,470,000. This represents a 4.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 393,000 shares of company stock valued at $197,297,363. Insiders own 13.66% of the company’s stock.

AppLovin Trading Down 2.6%

Shares of NASDAQ:APP traded down $13.45 during trading hours on Friday, hitting $506.98. 3,490,995 shares of the company’s stock traded hands, compared to its average volume of 5,158,602. The firm has a market capitalization of $170.31 billion, a P/E ratio of 43.55, a price-to-earnings-growth ratio of 0.82 and a beta of 2.49. The business has a fifty day moving average price of $509.16 and a 200-day moving average price of $499.15. AppLovin Corporation has a 1 year low of $332.32 and a 1 year high of $745.61. 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 issued its quarterly earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share 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 firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the business posted $1.67 earnings per share. The company’s revenue for the quarter was up 58.9% on a year-over-year basis. Equities analysts expect that AppLovin Corporation will post 15.93 earnings per share for the current year.

About AppLovin

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.