Police & Firemen s Retirement System of New Jersey Sells 2,005 Shares of AppLovin Corporation $APP

Police & Firemen s Retirement System of New Jersey decreased its position in AppLovin Corporation (NASDAQ:APP) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,206 shares of the company’s stock after selling 2,005 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in AppLovin were worth $12,675,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hilltop National Bank bought a new stake in shares of AppLovin in the second quarter valued at about $26,000. LFA Lugano Financial Advisors SA acquired a new stake in AppLovin in the 2nd quarter worth about $26,000. SouthState Corp bought a new stake in AppLovin in the 1st quarter valued at about $29,000. Hoey Investments Inc. acquired a new position in shares of AppLovin during the 2nd quarter worth approximately $35,000. Finally, Trust Co. of Vermont acquired a new stake in shares of AppLovin in the second quarter valued at approximately $35,000. 41.85% of the stock is owned by institutional investors and hedge funds.

AppLovin Trading Down 4.9%

APP opened at $556.15 on Friday. The company’s 50 day moving average price is $613.66 and its two-hundred day moving average price is $459.79. The firm has a market capitalization of $188.12 billion, a price-to-earnings ratio of 67.49, a PEG ratio of 3.14 and a beta of 2.50. AppLovin Corporation has a fifty-two week low of $200.50 and a fifty-two week high of $745.61. 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. 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 last year, the company earned $1.29 EPS. AppLovin’s revenue for the quarter was up 68.2% compared to the same quarter last year. AppLovin has set its Q4 2025 guidance at EPS. As a group, research analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on APP. Bank of America lifted their price objective on AppLovin from $580.00 to $860.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Citigroup decreased their target price on shares of AppLovin from $850.00 to $820.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley boosted their price objective 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. Phillip Securities raised AppLovin to a “moderate buy” rating in a report on Monday, September 29th. Finally, Royal Bank Of Canada raised their price objective on AppLovin from $700.00 to $750.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Twenty-one investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $658.27.

Insider Activity at AppLovin

In other news, insider Victoria Valenzuela sold 35,000 shares of AppLovin stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $502.23, for a total value of $17,578,050.00. Following the completion of the sale, the insider owned 269,955 shares in the company, valued at $135,579,499.65. The trade was a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dawson Alyssa Harvey sold 200 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $589.18, for a total transaction of $117,836.00. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 484,338 shares of company stock worth $243,010,812. Corporate insiders own 13.66% of the company’s stock.

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.