AppLovin (NASDAQ:APP) Shares Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of AppLovin Co. (NASDAQ:APP). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in AppLovin stock on March 5th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

AppLovin Stock Down 6.0 %

NASDAQ APP traded down $14.68 during mid-day trading on Wednesday, reaching $230.79. 3,984,664 shares of the company’s stock traded hands, compared to its average volume of 5,775,584. The company has a fifty day simple moving average of $321.85 and a 200-day simple moving average of $294.97. AppLovin Co. has a 1-year low of $60.67 and a 1-year high of $525.15. The company has a market cap of $78.46 billion, a price-to-earnings ratio of 50.83, a P/E/G ratio of 3.02 and a beta of 2.39. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 3.70.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, February 12th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.12 by $0.61. AppLovin had a return on equity of 188.55% and a net margin of 33.54%. As a group, equities research analysts expect that AppLovin Co. will post 6.87 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of APP. Quantinno Capital Management LP lifted its position in AppLovin by 146.6% in the 3rd quarter. Quantinno Capital Management LP now owns 6,412 shares of the company’s stock valued at $837,000 after acquiring an additional 3,812 shares in the last quarter. National Bank of Canada FI lifted its position in shares of AppLovin by 4.0% in the third quarter. National Bank of Canada FI now owns 1,003 shares of the company’s stock worth $131,000 after purchasing an additional 39 shares in the last quarter. MML Investors Services LLC lifted its holdings in AppLovin by 15.3% during the 3rd quarter. MML Investors Services LLC now owns 67,606 shares of the company’s stock worth $8,826,000 after purchasing an additional 8,949 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in AppLovin by 12.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 87,475 shares of the company’s stock worth $11,420,000 after acquiring an additional 9,530 shares during the period. Finally, Barclays PLC boosted its position in shares of AppLovin by 92.5% during the 3rd quarter. Barclays PLC now owns 318,992 shares of the company’s stock worth $41,643,000 after acquiring an additional 153,248 shares in the last quarter. Institutional investors own 41.85% of the company’s stock.

Insider Activity at AppLovin

In other news, CEO Arash Adam Foroughi sold 45,000 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $422.21, for a total value of $18,999,450.00. Following the transaction, the chief executive officer now owns 2,914,492 shares of the company’s stock, valued at $1,230,527,667.32. This represents a 1.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Herald Y. Chen sold 200,000 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $324.65, for a total transaction of $64,930,000.00. Following the sale, the director now directly owns 621,209 shares of the company’s stock, valued at $201,675,501.85. The trade was a 24.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 306,900 shares of company stock valued at $106,401,841 over the last ninety days. 14.69% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on APP. UBS Group dropped their target price on AppLovin from $630.00 to $450.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Piper Sandler cut their target price on AppLovin from $575.00 to $425.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Oppenheimer reissued an “outperform” rating and set a $560.00 price objective on shares of AppLovin in a report on Thursday, March 27th. Arete Research set a $200.00 target price on AppLovin in a research report on Wednesday, March 5th. Finally, Citigroup raised their price objective on shares of AppLovin from $460.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $424.84.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.