FUKOKU MUTUAL LIFE INSURANCE Co Has $318,000 Position in AppLovin Corporation $APP

FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in shares of AppLovin Corporation (NASDAQ:APP) by 12.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 908 shares of the company’s stock after acquiring an additional 104 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in AppLovin were worth $318,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilltop National Bank bought a new stake in AppLovin during the 2nd quarter worth about $26,000. LFA Lugano Financial Advisors SA bought a new stake in shares of AppLovin during the second quarter worth $26,000. SouthState Corp acquired a new position in shares of AppLovin during the first quarter valued at $29,000. Hoey Investments Inc. bought a new position in AppLovin in the second quarter valued at about $35,000. Finally, Trust Co. of Vermont acquired a new stake in AppLovin in the second quarter worth about $35,000. 41.85% of the stock is currently owned by institutional investors and hedge funds.

AppLovin Trading Down 1.7%

NASDAQ APP opened at $520.82 on Friday. The firm has a market cap of $176.01 billion, a P/E ratio of 63.21, a P/E/G ratio of 2.84 and a beta of 2.50. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. The stock’s 50-day moving average is $612.46 and its 200-day moving average is $468.43. AppLovin Corporation has a one year low of $200.50 and a one year high of $745.61.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on APP shares. Deutsche Bank Aktiengesellschaft set a $705.00 target price on shares of AppLovin and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Citigroup cut their price objective on shares of AppLovin from $850.00 to $820.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Oppenheimer set a $740.00 target price on shares of AppLovin in a report on Tuesday, October 7th. JPMorgan Chase & Co. upped their target price on shares of AppLovin from $425.00 to $650.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Finally, BTIG Research raised their price target on AppLovin from $693.00 to $705.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Twenty-one investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, AppLovin presently has a consensus rating of “Moderate Buy” and an average price target of $658.27.

Insider Activity at AppLovin

In other news, Director Eduardo Vivas sold 150,000 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $650.91, for a total value of $97,636,500.00. Following the sale, the director directly owned 7,133,292 shares in the company, valued at $4,643,131,095.72. The trade was a 2.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dawson Alyssa Harvey sold 350 shares of the business’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $487.97, for a total value of $170,789.50. Following the completion of the sale, the director owned 3,150 shares in the company, valued at $1,537,105.50. The trade was a 10.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 202,900 shares of company stock worth $123,646,538 over the last ninety days. 13.66% of the stock is owned by corporate insiders.

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.