AppLovin Corporation $APP Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its stake in AppLovin Corporation (NASDAQ:APP) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,900 shares of the company’s stock after selling 1,951 shares during the period. State of New Jersey Common Pension Fund D’s holdings in AppLovin were worth $53,164,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in AppLovin by 39.4% during the 3rd quarter. Vanguard Group Inc. now owns 24,954,458 shares of the company’s stock worth $17,930,776,000 after acquiring an additional 7,051,663 shares in the last quarter. State Street Corp raised its holdings in shares of AppLovin by 111.1% in the 3rd quarter. State Street Corp now owns 11,852,466 shares of the company’s stock valued at $8,516,471,000 after purchasing an additional 6,237,051 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of AppLovin in the 3rd quarter valued at $1,456,108,000. Jennison Associates LLC lifted its position in shares of AppLovin by 55.2% during the 3rd quarter. Jennison Associates LLC now owns 3,886,150 shares of the company’s stock worth $2,792,355,000 after purchasing an additional 1,381,970 shares during the last quarter. Finally, Capital Research Global Investors purchased a new stake in shares of AppLovin during the 3rd quarter worth $743,899,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

AppLovin Trading Down 0.6%

Shares of APP opened at $440.85 on Thursday. The business’s 50-day moving average price is $437.08 and its 200-day moving average price is $536.90. AppLovin Corporation has a twelve month low of $276.80 and a twelve month high of $745.61. The stock has a market cap of $148.69 billion, a PE ratio of 45.17, a P/E/G ratio of 0.80 and a beta of 2.50. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 1.65.

AppLovin (NASDAQ:APP) last announced 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 firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.61 billion. AppLovin had a return on equity of 245.64% and a net margin of 57.42%.The company’s revenue was up 66.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.73 EPS. On average, equities analysts forecast that AppLovin Corporation will post 15.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Vasily Shikin sold 62,804 shares of AppLovin stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $486.43, for a total transaction of $30,549,749.72. Following the sale, the chief technology officer owned 3,255,273 shares in the company, valued at $1,583,462,445.39. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Arash Adam Foroughi sold 50,000 shares of AppLovin stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $466.04, for a total transaction of $23,302,000.00. Following the completion of the sale, the chief executive officer owned 2,480,414 shares in the company, valued at approximately $1,155,972,140.56. This represents a 1.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 365,244 shares of company stock worth $169,584,607. 13.66% of the stock is owned by corporate insiders.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Multiple bullish write-ups argue AppLovin retains structural advantages — strong margins, a sticky ad-tech ecosystem, and a multi-year mobile-ad growth runway that could support further revenue and margin expansion. AppLovin: The Bullish Levers Are Still In Place
• Positive Sentiment: Other bullish analysts contend the market over-penalized APP during the sector selloff, calling the stock attractively valued given its growth and high margins — a potential catalyst if earnings and guide meet expectations. AppLovin: The Bears Overplayed Their Hand
• Positive Sentiment: An initiation/conviction piece recommends APP as a top software/infra-like ad-tech pick, highlighting 2025 revenue and EBITDA strength and management’s continued growth narrative. This sort of endorsement can attract new institutional interest. AppLovin: The Only Software Company I’m Buying
• Positive Sentiment: Coverage in “insider-owned growth” roundups highlights insider ownership as a supportive signal — useful for longer-term investor confidence if insider stakes remain high. Insider Owned Growth Companies To Watch In April 2026
• Neutral Sentiment: Alger Mid Cap Growth Fund’s quarterly review lists AppLovin among detractors from that fund’s Q1 performance — a signal of tactical selling by at least one active manager but not a direct reflection of company fundamentals. Alger Mid Cap Growth Fund Q1 2026 Portfolio Review
• Negative Sentiment: Market headlines note AppLovin underperformed the broader market intraday, reflecting short-term profit-taking and volatility after a strong run — press coverage of the drop can amplify selling pressure. AppLovin (APP) Suffers a Larger Drop Than the General Market: Key Insights
• Negative Sentiment: Pre-earnings notes warn AppLovin may lack the ideal setup for an earnings beat next week — heightened expectations or a miss could prompt further near-term downside or volatility. AppLovin (APP) Reports Next Week: Wall Street Expects Earnings Growth

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Benchmark reissued a “buy” rating on shares of AppLovin in a report on Friday, March 6th. BTIG Research lowered their price objective on AppLovin from $771.00 to $640.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. UBS Group set a $740.00 price objective on AppLovin in a report on Thursday, February 12th. Jefferies Financial Group cut their target price on AppLovin from $860.00 to $700.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Piper Sandler restated an “overweight” rating and set a $650.00 target price (down from $800.00) on shares of AppLovin in a research note on Thursday, February 12th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $673.25.

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.