AppLovin Corporation $APP Shares Sold by Azzad Asset Management Inc. ADV

Key Points

• Azzad Asset Management trimmed its AppLovin stake by 78.6% in Q4, selling 3,680 shares and leaving it with 1,002 shares valued at about $675,000.
• Large insider selling: CEO Arash Foroughi sold 40,704 shares (~$18.7M) and director Eduardo Vivas sold 163,910 shares (~$74.3M); insiders have offloaded a total of 365,244 shares (~$169.6M) in the past three months.
• Fundamentals and analyst outlook remain supportive—AppLovin recently delivered an earnings beat with revenue up 66% year‑over‑year and most analysts rate the stock a Buy (average target ~$669)—yet the stock is down ~4.7% amid short‑term volatility.

Azzad Asset Management Inc. ADV trimmed its stake in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 78.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,002 shares of the company's stock after selling 3,680 shares during the quarter. Azzad Asset Management Inc. ADV's holdings in AppLovin were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in APP. Board of the Pension Protection Fund acquired a new stake in shares of AppLovin during the 4th quarter worth approximately $27,000. Chilton Capital Management LLC acquired a new stake in shares of AppLovin during the 3rd quarter worth approximately $29,000. Activest Wealth Management raised its position in shares of AppLovin by 760.0% during the 3rd quarter. Activest Wealth Management now owns 43 shares of the company's stock worth $31,000 after purchasing an additional 38 shares during the period. Heartwood Wealth Advisors LLC acquired a new stake in shares of AppLovin during the 3rd quarter worth approximately $33,000. Finally, CBIZ Investment Advisory Services LLC raised its position in shares of AppLovin by 58.6% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 46 shares of the company's stock worth $33,000 after purchasing an additional 17 shares during the period. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Wells Fargo raised its price target on APP to $560, signaling analyst confidence in longer‑term upside and supporting valuation expectations. Read More.
• Positive Sentiment: Industry checks and analyst coverage (Evercore ISI and others) maintained Outperform ratings and high targets (one cited $750), arguing the recent drop doesn’t reflect fundamentals. That institutional support could limit downside and encourage buyers. Read More.
• Positive Sentiment: AppLovin announced executive succession and governance changes — internal promotions to tech leadership and the appointment of Craig Billings as independent Board Chair — which investors often view as positive for continuity and oversight. Read More.
• Positive Sentiment: Analyst and research pieces argue the 2026 selloff looks overstated given AppLovin’s advertising strength, Rule of 40 profile, and upcoming AI ad tools — factors that could drive medium‑term revenue/monetization upside. Read More.
• Neutral Sentiment: Coverage assessing AppLovin’s valuation after analyst upgrades and AI advertising momentum provides mixed takeaways: upside from secular advertising trends but elevated multiples versus some peers. Useful for gauging risk/reward but not an immediate catalyst. Read More.
• Neutral Sentiment: Zacks published a primer on why APP fits a growth‑stock profile (style scores), which is background positive but not a near‑term price driver. Read More.
• Negative Sentiment: Price action: several outlets note APP fell while broader markets gained, reflecting profit‑taking/volatility that can pressure short‑term performance despite positive fundamentals. Elevated trading volume suggests near‑term liquidation or repositioning. Read More.
• Negative Sentiment: AppLovin showed up on “stock movers” lists, which often reflects headline‑driven intraday swings rather than fundamentals — a reminder that momentum and headlines can amplify volatility. Read More.

AppLovin Stock Down 4.7%

APP opened at $391.20 on Thursday. AppLovin Corporation has a 12 month low of $218.29 and a 12 month high of $745.61. The company has a debt-to-equity ratio of 1.65, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a market cap of $131.94 billion, a P/E ratio of 40.12, a P/E/G ratio of 0.67 and a beta of 2.50. The stock's 50 day moving average price is $431.98 and its 200 day moving average price is $558.11.

AppLovin (NASDAQ:APP - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported $3.24 EPS for the quarter, beating the consensus estimate of $2.89 by $0.35. AppLovin had a return on equity of 245.64% and a net margin of 57.42%.The firm had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.61 billion. During the same period last year, the firm earned $1.73 EPS. The firm's revenue was up 66.0% compared to the same quarter last year. As a group, research analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Oppenheimer dropped their price target on AppLovin from $740.00 to $660.00 and set an "outperform" rating on the stock in a research report on Thursday, March 5th. Wedbush increased their price target on AppLovin from $465.00 to $640.00 and gave the stock an "outperform" rating in a research report on Thursday, February 12th. Jefferies Financial Group dropped their price target on AppLovin from $860.00 to $700.00 and set a "buy" rating on the stock in a research report on Thursday, February 12th. Piper Sandler reiterated an "overweight" rating and set a $650.00 price target (down from $800.00) on shares of AppLovin in a research report on Thursday, February 12th. Finally, Weiss Ratings cut AppLovin from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, March 10th. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, AppLovin currently has an average rating of "Moderate Buy" and an average target price of $669.05.

Insider Activity at AppLovin

In related news, CEO Arash Adam Foroughi sold 40,704 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $459.85, for a total value of $18,717,734.40. Following the sale, the chief executive officer directly owned 2,430,414 shares in the company, valued at $1,117,625,877.90. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eduardo Vivas sold 163,910 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $453.49, for a total value of $74,331,545.90. Following the transaction, the director directly owned 6,969,382 shares of the company's stock, valued at approximately $3,160,545,043.18. The trade was a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 365,244 shares of company stock worth $169,584,607 in the last three months. 13.66% of the stock is owned by company insiders.

AppLovin 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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