AppLovin Corporation $APP Shares Purchased by OFI Invest Asset Management

Key Points

• OFI Invest Asset Management increased its AppLovin stake by 16.3% in the second quarter, adding 9,615 shares to hold 68,739 shares valued at approximately $35,000.
• Several other institutional investors also expanded their positions, and institutional investors and hedge funds collectively own 41.85% of AppLovin’s stock.
• AppLovin reported quarterly EPS in line with estimates at $3.76, while revenue rose 52.8% year over year to $1.92 billion but fell slightly below analyst expectations; analysts maintain a “Moderate Buy” consensus with a $565.91 price target.

OFI Invest Asset Management increased its stake in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 16.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,739 shares of the company's stock after acquiring an additional 9,615 shares during the period. OFI Invest Asset Management's holdings in AppLovin were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of APP. Insight Wealth Strategies LLC acquired a new position in shares of AppLovin in the 2nd quarter valued at $6,939,000. Calamos Advisors LLC boosted its holdings in AppLovin by 73.3% during the fourth quarter. Calamos Advisors LLC now owns 48,737 shares of the company's stock worth $32,840,000 after buying an additional 20,609 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its position in AppLovin by 3,695.3% during the second quarter. Signature Estate & Investment Advisors LLC now owns 76,361 shares of the company's stock valued at $39,345,000 after buying an additional 74,349 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in AppLovin by 12.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 195,265 shares of the company's stock valued at $131,573,000 after buying an additional 21,427 shares during the period. Finally, Fifth Third Bancorp increased its holdings in AppLovin by 312.0% in the fourth quarter. Fifth Third Bancorp now owns 6,123 shares of the company's stock valued at $4,126,000 after buying an additional 4,637 shares in the last quarter. 41.85% of the stock is owned by institutional investors and hedge funds.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin’s third-quarter guidance points to sequential revenue-growth reacceleration while maintaining an approximately 83% margin, even as the company continues investing in AI computing capacity. AppLovin Q3 Guidance Signals Reacceleration After a Mixed Q2 Print
• Positive Sentiment: Despite recent weakness, analysts and valuation commentary continue to highlight APP’s rapid revenue growth, very high margins and potential upside from depressed levels. BTIG retained a “buy” rating with a $408 target, while Phillip Securities upgraded the stock to “strong buy.” BTIG AppLovin Price Target
• Positive Sentiment: AppLovin is promoting its advertising platform to demonstrate that its technology can compete effectively in the digital-ad market, potentially supporting future customer adoption and growth. AppLovin Wants To Persuade The World That Its Ad Platform Is The Real Deal
• Neutral Sentiment: Bank of America assigned AppLovin a “neutral” rating, reflecting a balance between the company’s growth opportunity and execution or valuation risks. AppLovin Earns Neutral Rating from Bank of America
• Negative Sentiment: The recent selloff was intensified by a prior analyst downgrade and concerns surrounding a mixed second-quarter report. Although EPS met expectations and revenue grew strongly year over year, revenue fell short of estimates, while investors remain concerned about execution in e-commerce, limited visibility and continued AI-investment costs. Why AppLovin Stock Slumped
• Negative Sentiment: BTIG cut its price target substantially, even while maintaining a buy rating, underscoring that analysts have lowered expectations after the stock’s decline. The broader debate remains whether APP represents a discounted growth opportunity or a deteriorating growth story. AppLovin at 52-Week Low

AppLovin Stock Performance

NASDAQ:APP opened at $312.67 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.30 and a current ratio of 4.30. The stock has a market capitalization of $105.04 billion, a PE ratio of 24.03, a P/E/G ratio of 0.61 and a beta of 2.54. AppLovin Corporation has a fifty-two week low of $303.17 and a fifty-two week high of $745.61. The company has a fifty day moving average of $452.68 and a two-hundred day moving average of $457.05.

AppLovin (NASDAQ:APP - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $3.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.76. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The company's revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.39 earnings per share. As a group, research analysts forecast that AppLovin Corporation will post 15.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on APP. Citigroup decreased their price objective on shares of AppLovin from $710.00 to $650.00 and set a "buy" rating for the company in a research report on Friday, August 7th. UBS Group dropped their target price on AppLovin from $798.00 to $790.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Scotiabank restated a "sector outperform" rating and issued a $515.00 price target on shares of AppLovin in a research note on Thursday, August 6th. Phillip Securities raised AppLovin from a "moderate buy" rating to a "strong-buy" rating in a report on Tuesday. Finally, Weiss Ratings upgraded AppLovin from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $565.91.

Insider Transactions at AppLovin

In related news, CFO Matthew Stumpf sold 9,052 shares of AppLovin stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $600.00, for a total value of $5,431,200.00. Following the sale, the chief financial officer directly owned 177,450 shares in the company, valued at approximately $106,470,000. The trade was a 4.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eduardo Vivas sold 163,910 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $504.06, for a total value of $82,620,474.60. Following the sale, the director owned 6,785,087 shares of the company's stock, valued at approximately $3,420,090,953.22. This trade represents a 2.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 393,000 shares of company stock worth $197,297,363 in the last three months. 12.81% of the stock is owned by corporate insiders.

AppLovin Company Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin's technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin's offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.

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