KBC Group NV Sells 44,492 Shares of AppLovin Corporation $APP

KBC Group NV cut its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 32.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 93,272 shares of the company’s stock after selling 44,492 shares during the quarter. KBC Group NV’s holdings in AppLovin were worth $32,653,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in APP. Jupiter Asset Management Ltd. purchased a new position in AppLovin in the 2nd quarter worth $29,066,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in AppLovin by 7.6% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 331,411 shares of the company’s stock valued at $116,020,000 after buying an additional 23,385 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of AppLovin by 2.9% during the second quarter. SBI Securities Co. Ltd. now owns 6,514 shares of the company’s stock valued at $2,280,000 after buying an additional 186 shares during the last quarter. National Pension Service increased its holdings in shares of AppLovin by 82.2% in the second quarter. National Pension Service now owns 790,271 shares of the company’s stock worth $276,658,000 after buying an additional 356,443 shares during the period. Finally, STF Management LP lifted its stake in shares of AppLovin by 2.6% in the 2nd quarter. STF Management LP now owns 4,296 shares of the company’s stock valued at $1,504,000 after acquiring an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on APP shares. Royal Bank Of Canada increased their target price on AppLovin from $700.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. UBS Group increased their price objective on AppLovin from $810.00 to $840.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of AppLovin in a research note on Tuesday, August 26th. Morgan Stanley increased their price target on shares of AppLovin from $480.00 to $750.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Finally, Benchmark raised their price target on shares of AppLovin from $640.00 to $700.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Twenty-one research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $658.27.

Insider Buying and Selling at AppLovin

In other news, CEO Arash Adam Foroughi sold 26,200 shares of AppLovin stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $440.23, for a total transaction of $11,534,026.00. Following the completion of the transaction, the chief executive officer directly owned 2,590,054 shares in the company, valued at approximately $1,140,219,472.42. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dawson Alyssa Harvey sold 200 shares of AppLovin stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $589.18, for a total value of $117,836.00. Following the transaction, the director owned 2,979 shares of the company’s stock, valued at $1,755,167.22. The trade was a 6.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 484,338 shares of company stock valued at $243,010,812 over the last three months. 13.66% of the stock is currently owned by corporate insiders.

AppLovin Price Performance

Shares of NASDAQ APP opened at $556.15 on Friday. AppLovin Corporation has a 1 year low of $200.50 and a 1 year high of $745.61. The stock has a market capitalization of $188.12 billion, a P/E ratio of 67.49, a P/E/G ratio of 3.14 and a beta of 2.50. The company’s 50-day moving average is $613.66 and its 200 day moving average is $459.79. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25.

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

AppLovin 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.