Hsbc Holdings PLC Trims Stake in AppLovin Corporation $APP

Hsbc Holdings PLC reduced its position in AppLovin Corporation (NASDAQ:APP) by 23.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,955 shares of the company’s stock after selling 61,940 shares during the quarter. Hsbc Holdings PLC’s holdings in AppLovin were worth $70,864,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in AppLovin by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 17,902,795 shares of the company’s stock worth $6,267,410,000 after acquiring an additional 72,120 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in AppLovin by 36.7% during the first 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 purchasing an additional 1,769,400 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of AppLovin by 32.9% in the 1st quarter. Invesco Ltd. now owns 4,011,306 shares of the company’s stock valued at $1,062,876,000 after buying an additional 992,316 shares in the last quarter. Kensico Capital Management Corp grew its holdings in AppLovin by 12.9% in the first quarter. Kensico Capital Management Corp now owns 2,879,000 shares of the company’s stock worth $762,849,000 after purchasing an additional 328,000 shares during the last quarter. Finally, Fred Alger Management LLC raised its stake in AppLovin by 12.0% in the first quarter. Fred Alger Management LLC now owns 2,833,792 shares of the company’s stock valued at $750,870,000 after buying an additional 303,063 shares during the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 sale, the director owned 7,133,292 shares of the company’s stock, valued at approximately $4,643,131,095.72. This trade represents a 2.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Vasily Shikin sold 27,143 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $545.38, for a total transaction of $14,803,249.34. Following the sale, the chief technology officer owned 3,323,681 shares of the company’s stock, valued at $1,812,669,143.78. This represents a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 367,927 shares of company stock worth $212,707,362. Insiders own 13.66% of the company’s stock.

AppLovin Price Performance

APP opened at $601.00 on Friday. The stock’s 50-day moving average price is $607.52 and its 200 day moving average price is $479.49. 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 12-month low of $200.50 and a 12-month high of $745.61. The firm has a market cap of $203.11 billion, a price-to-earnings ratio of 72.94, a PEG ratio of 3.22 and a beta of 2.50.

AppLovin (NASDAQ:APP) last announced its earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.11. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm earned $1.29 EPS. The firm’s revenue for the quarter was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that AppLovin Corporation will post 6.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

APP has been the topic of several research reports. The Goldman Sachs Group upped their target price on AppLovin from $630.00 to $720.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Needham & Company LLC reiterated a “hold” rating on shares of AppLovin in a research report on Tuesday, August 26th. Bank of America upped their price target on shares of AppLovin from $580.00 to $860.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AppLovin in a research note on Tuesday. Finally, Jefferies Financial Group increased their price target on AppLovin from $560.00 to $615.00 and gave the company a “buy” rating in a report on Friday, September 5th. Twenty-one analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $658.27.

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.