AppLovin Corporation $APP Stake Boosted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in AppLovin Corporation (NASDAQ:APP) by 7.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331,411 shares of the company’s stock after purchasing an additional 23,385 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in AppLovin were worth $116,020,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hilltop National Bank bought a new position in shares of AppLovin in the 2nd quarter worth about $26,000. LFA Lugano Financial Advisors SA bought a new stake in shares of AppLovin during the 2nd quarter valued at about $26,000. SouthState Corp acquired a new stake in AppLovin during the first quarter worth about $29,000. Hoey Investments Inc. bought a new position in AppLovin in the second quarter worth about $35,000. Finally, Trust Co. of Vermont acquired a new position in AppLovin in the second quarter valued at approximately $35,000. Institutional investors own 41.85% of the company’s stock.

Insider Buying and Selling at AppLovin

In other AppLovin news, CTO Vasily Shikin sold 30,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $437.57, for a total transaction of $13,127,100.00. Following the sale, the chief technology officer owned 3,360,104 shares in the company, valued at approximately $1,470,280,707.28. The trade was a 0.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig Scott Billings sold 2,350 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $592.92, for a total transaction of $1,393,362.00. Following the sale, the director directly owned 3,707 shares of the company’s stock, valued at $2,197,954.44. This represents a 38.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 634,138 shares of company stock valued at $275,386,598 over the last 90 days. 13.66% of the stock is owned by insiders.

AppLovin Trading Down 8.7%

Shares of NASDAQ:APP opened at $594.91 on Wednesday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 3.25 and a current ratio of 3.25. The stock has a market capitalization of $201.23 billion, a price-to-earnings ratio of 72.20, a PEG ratio of 3.48 and a beta of 2.50. AppLovin Corporation has a 1-year low of $200.50 and a 1-year high of $745.61. The company has a 50 day moving average price of $610.59 and a 200 day moving average price of $458.23.

AppLovin (NASDAQ:APP) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.11. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The company’s quarterly revenue was up 68.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on APP shares. Piper Sandler increased their price target on AppLovin from $740.00 to $800.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Bank of America increased their target price on AppLovin from $580.00 to $860.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Benchmark raised their target price on AppLovin from $640.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Citigroup upped their price target on shares of AppLovin from $600.00 to $850.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Finally, Zacks Research cut shares of AppLovin from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Twenty-one investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, AppLovin has a consensus rating of “Moderate Buy” and a consensus price target of $659.64.

AppLovin Company Profile

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.