QRG Capital Management Inc. Has $32.14 Million Position in AppLovin Corporation $APP

QRG Capital Management Inc. decreased its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 28.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,726 shares of the company’s stock after selling 18,182 shares during the period. QRG Capital Management Inc.’s holdings in AppLovin were worth $32,138,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in APP. Vanguard Group Inc. grew its position in shares of AppLovin by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 17,902,795 shares of the company’s stock worth $6,267,410,000 after buying an additional 72,120 shares during the period. State Street Corp grew its stake in shares of 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 buying an additional 133,402 shares during the period. Norges Bank bought a new stake in AppLovin in the 2nd quarter valued at about $951,541,000. Jennison Associates LLC boosted its holdings in AppLovin by 4.9% in the second quarter. Jennison Associates LLC now owns 2,504,180 shares of the company’s stock worth $876,663,000 after acquiring an additional 117,200 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in AppLovin by 0.7% in the second quarter. Legal & General Group Plc now owns 1,417,199 shares of the company’s stock valued at $496,133,000 after acquiring an additional 9,711 shares during the period. 41.85% of the stock is currently owned by institutional investors.

AppLovin Stock Performance

NASDAQ:APP opened at $568.76 on Friday. The stock has a market cap of $192.21 billion, a P/E ratio of 69.02, a PEG ratio of 2.00 and a beta of 2.50. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38. The business’s 50-day moving average price is $639.43 and its two-hundred day moving average price is $552.29. AppLovin Corporation has a twelve month low of $200.50 and a twelve month high of $745.61.

AppLovin (NASDAQ:APP) last announced its earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the firm posted $1.29 earnings per share. AppLovin’s quarterly revenue was up 68.2% on a year-over-year basis. As a group, equities analysts predict that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

Analyst Ratings Changes

APP has been the subject of a number of recent research reports. Oppenheimer set a $740.00 price target on shares of AppLovin in a research note on Tuesday, October 7th. Scotiabank lifted their price target on AppLovin from $575.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Jefferies Financial Group increased their price objective on AppLovin from $800.00 to $860.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Piper Sandler increased their price objective on shares of AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Finally, Phillip Securities upgraded shares of AppLovin to a “moderate buy” rating in a report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $706.76.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Zacks highlights AppLovin’s Q3 results and says the company’s scalable ad engine (Axon) is now the primary growth driver — rising revenue and very strong EBITDA margins show growth is coming from efficiency, not just volume. AppLovin’s Scalable Ad Engine Emerges as the Real Growth Catalyst
• Positive Sentiment: Evercore ISI initiated coverage with an “outperform” and a $835 price target (roughly +47% vs current levels), giving fresh institutional validation that could support upside if execution continues. Evercore Coverage (Benzinga)
• Positive Sentiment: Seeking Alpha reiterates a buy thesis based on 68% YoY revenue growth, ~82% EBITDA margins, expanding advertiser mix beyond gaming, and management guidance for sustained high double-digit growth — factors that underpin longer-term EPS upside. AppLovin: Buying The Dip Again
• Positive Sentiment: Technical/order-flow traders noted a Power Inflow signal that triggered an intraday bounce after heavy selling — a short-term bullish order-flow cue that can attract momentum buyers. Power Inflow Signal
• Positive Sentiment: Insider buying: Rep. Gilbert Ray Cisneros Jr. disclosed a purchase of APP shares, a small but positive signal to some investors. Insider Purchase
• Neutral Sentiment: Longer-term price forecasts and narrative pieces (e.g., 247WallStreet) emphasize recovery after last year’s sharp sell-off and imply significant upside if growth continues — useful context but not an immediate catalyst. Price Prediction and Forecast 2026-2030
• Negative Sentiment: Contrasting coverage (MSN) asks why the stock is falling despite buy ratings — highlighting that renewed analyst optimism hasn’t yet offset recent heavy selling, likely due to residual legal/short-seller risk and profit-taking at high multiples. Why Is AppLovin Stock Crashing?

Insider Buying and Selling

In related news, CEO Arash Adam Foroughi sold 4,069 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $497.50, for a total transaction of $2,024,327.50. Following the completion of the sale, the chief executive officer directly owned 2,998,948 shares in the company, valued at $1,491,976,630. This represents a 0.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Victoria Valenzuela sold 7,609 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $657.13, for a total transaction of $5,000,102.17. Following the completion of 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 position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 340,336 shares of company stock worth $200,062,623. 13.66% of the stock is owned by company insiders.

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.