Raiffeisen Bank International AG Has $2.20 Million Holdings in AppLovin Corporation $APP

Raiffeisen Bank International AG lifted its stake in shares of AppLovin Corporation (NASDAQ:APP) by 65.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,083 shares of the company’s stock after buying an additional 1,216 shares during the quarter. Raiffeisen Bank International AG’s holdings in AppLovin were worth $2,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in AppLovin by 39.4% in the third quarter. Vanguard Group Inc. now owns 24,954,458 shares of the company’s stock valued at $17,930,776,000 after acquiring an additional 7,051,663 shares during the period. Norges Bank bought a new position in shares of AppLovin in the 2nd quarter worth $951,541,000. Rakuten Investment Management Inc. bought a new position in shares of AppLovin in the 3rd quarter worth $1,456,108,000. 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 purchasing an additional 1,381,970 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in AppLovin by 51.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,493,494 shares of the company’s stock valued at $1,073,135,000 after purchasing an additional 504,341 shares in the last quarter. Institutional investors own 41.85% of the company’s stock.

AppLovin News Roundup

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

Analysts Set New Price Targets

A number of brokerages recently commented on APP. Citigroup decreased their price target on AppLovin from $820.00 to $710.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. BTIG Research decreased their target price on AppLovin from $771.00 to $640.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 target price on shares of AppLovin in a research note on Thursday, February 12th. Benchmark restated a “buy” rating on shares of AppLovin in a research report on Monday, February 2nd. Finally, Weiss Ratings upgraded shares of AppLovin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Twenty-one equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $651.77.

AppLovin Trading Up 1.6%

Shares of APP opened at $418.68 on Friday. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. The business has a 50-day moving average of $566.47 and a 200 day moving average of $572.46. The firm has a market cap of $141.49 billion, a P/E ratio of 42.94, a price-to-earnings-growth ratio of 0.86 and a beta of 2.49. The company has a debt-to-equity ratio of 1.65, a quick ratio of 3.25 and a current ratio of 3.32.

AppLovin (NASDAQ:APP) last released its quarterly earnings data on Wednesday, February 11th. The company reported $3.24 EPS for the quarter, beating the consensus estimate of $2.89 by $0.35. The business had revenue of $1.66 billion for 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%. The company’s revenue was up 66.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 earnings per share. As a group, research analysts forecast that AppLovin Corporation will post 6.87 EPS for the current year.

Insider Activity at AppLovin

In other AppLovin news, CTO Vasily Shikin sold 7,385 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $538.10, for a total transaction of $3,973,868.50. Following the sale, the chief technology officer owned 46,004 shares of the company’s stock, valued at $24,754,752.40. The trade was a 13.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dawson Alyssa Harvey sold 150 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $693.32, for a total value of $103,998.00. Following the completion of the transaction, the director directly owned 2,829 shares of the company’s stock, valued at $1,961,402.28. The trade was a 5.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 87,402 shares of company stock worth $48,611,888. 13.66% of the stock is owned by corporate insiders.

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.