Renaissance Group LLC Has $36.04 Million Holdings in AppLovin Corporation $APP

Renaissance Group LLC decreased its position in shares of AppLovin Corporation (NASDAQ:APP) by 1.8% in the second quarter, Holdings Channel reports. The fund owned 102,955 shares of the company’s stock after selling 1,909 shares during the period. AppLovin accounts for 1.4% of Renaissance Group LLC’s investment portfolio, making the stock its 21st biggest holding. Renaissance Group LLC’s holdings in AppLovin were worth $36,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its holdings in AppLovin by 36.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock valued at $1,745,752,000 after buying an additional 1,769,400 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of AppLovin by 7.3% in the first quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company’s stock valued at $4,724,594,000 after acquiring an additional 1,213,536 shares during the period. Baillie Gifford & Co. increased its position in AppLovin by 29.0% during the first quarter. Baillie Gifford & Co. now owns 5,270,355 shares of the company’s stock worth $1,396,486,000 after acquiring an additional 1,185,859 shares during the period. Invesco Ltd. raised its stake in AppLovin by 32.9% during the 1st quarter. Invesco Ltd. now owns 4,011,306 shares of the company’s stock valued at $1,062,876,000 after purchasing an additional 992,316 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in AppLovin in the 1st quarter worth $198,050,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on APP shares. UBS Group lifted their target price on AppLovin from $810.00 to $840.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Wedbush increased their price objective on shares of AppLovin from $745.00 to $800.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of AppLovin in a research report on Thursday, November 13th. Oppenheimer set a $740.00 target price on AppLovin in a research report on Tuesday, October 7th. Finally, Jefferies Financial Group increased their price objective on AppLovin from $560.00 to $615.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Twenty-one equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $658.27.

AppLovin Stock Performance

Shares of NASDAQ:APP opened at $526.01 on Wednesday. The stock has a market capitalization of $177.77 billion, a P/E ratio of 63.84, a P/E/G ratio of 2.89 and a beta of 2.50. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38. AppLovin Corporation has a 1-year low of $200.50 and a 1-year high of $745.61. The business has a 50-day moving average price of $614.21 and a two-hundred day moving average price of $467.63.

AppLovin (NASDAQ:APP) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm posted $1.29 earnings per share. AppLovin’s revenue for the quarter was up 68.2% compared to the same quarter last year. AppLovin has set its Q4 2025 guidance at EPS. Equities analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current year.

Insider Buying and Selling

In other AppLovin news, Director Eduardo Vivas sold 150,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $650.91, for a total transaction of $97,636,500.00. Following the transaction, the director owned 7,133,292 shares in the company, valued at approximately $4,643,131,095.72. This trade represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Vasily Shikin sold 30,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $437.57, for a total value of $13,127,100.00. Following the completion of the sale, the chief technology officer directly owned 3,360,104 shares of the company’s stock, valued at approximately $1,470,280,707.28. This trade represents a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 430,844 shares of company stock worth $221,382,532. Corporate insiders own 13.66% of the company’s stock.

About AppLovin

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.