AppLovin Corporation $APP Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its position in AppLovin Corporation (NASDAQ:APP) by 19.3% during the fourth quarter, Holdings Channel reports. The firm owned 359,952 shares of the company’s stock after selling 86,075 shares during the period. TD Asset Management Inc’s holdings in AppLovin were worth $242,543,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Board of the Pension Protection Fund acquired a new position in shares of AppLovin in the fourth quarter valued at about $27,000. Washington Trust Advisors Inc. grew its position in AppLovin by 160.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock worth $27,000 after purchasing an additional 24 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in AppLovin during the 4th quarter worth about $32,000. CBIZ Investment Advisory Services LLC grew its position in AppLovin by 58.6% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 46 shares of the company’s stock worth $33,000 after purchasing an additional 17 shares during the period. Finally, Graney & King LLC acquired a new stake in AppLovin during the 3rd quarter worth about $36,000. 41.85% of the stock is owned by institutional investors and hedge funds.

AppLovin Price Performance

AppLovin stock opened at $570.83 on Thursday. The company’s fifty day moving average price is $465.56 and its 200 day moving average price is $521.17. AppLovin Corporation has a 1 year low of $320.00 and a 1 year high of $745.61. The stock 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 company has a debt-to-equity ratio of 1.49, a quick ratio of 3.24 and a current ratio of 3.24.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.12. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the company earned $1.67 EPS. The firm’s revenue for the quarter was up 58.9% compared to the same quarter last year. As a group, equities research analysts anticipate that AppLovin Corporation will post 15.86 earnings per share for the current fiscal year.

Insider Activity at AppLovin

In related news, Director Eduardo Vivas sold 163,910 shares of AppLovin stock in a transaction on Monday, March 16th. The shares were sold at an average price of $453.49, for a total value of $74,331,545.90. Following the sale, the director owned 6,969,382 shares of the company’s stock, valued at approximately $3,160,545,043.18. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Arash Adam Foroughi sold 40,704 shares of AppLovin stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $459.85, for a total transaction of $18,717,734.40. Following the completion of the sale, the chief executive officer directly owned 2,430,414 shares in the company, valued at $1,117,625,877.90. This represents a 1.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 464,016 shares of company stock worth $218,477,985 over the last 90 days. 13.66% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on APP shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $700.00 price target on shares of AppLovin in a research report on Thursday, February 12th. Oppenheimer cut their price target on AppLovin from $740.00 to $660.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. Piper Sandler increased their price target on AppLovin from $650.00 to $665.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. UBS Group cut their price target on AppLovin from $740.00 to $716.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded AppLovin from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $664.35.

AppLovin News Roundup

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?

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.