AppLovin Corporation $APP Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Key Points

• Commonwealth of Pennsylvania Public School Employees’ Retirement System cut its AppLovin stake by 5.9% in the second quarter, selling 3,703 shares and retaining 59,425 shares valued at approximately $30.6 million.
• AppLovin insiders sold 393,000 shares worth about $197.3 million over the past 90 days, while institutional investors collectively own 41.85% of the company.
• Analysts maintain a “Moderate Buy” consensus with a $565.91 price target, although several firms recently lowered targets after AppLovin’s second-quarter revenue of $1.92 billion came in below estimates despite 52.8% year-over-year growth.

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,425 shares of the company's stock after selling 3,703 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in AppLovin were worth $30,618,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in AppLovin by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 25,120,575 shares of the company's stock valued at $16,926,746,000 after purchasing an additional 166,117 shares in the last quarter. State Street Corp boosted its position in AppLovin by 0.4% during the fourth quarter. State Street Corp now owns 11,904,843 shares of the company's stock worth $8,021,721,000 after purchasing an additional 52,377 shares in the last quarter. Geode Capital Management LLC boosted its position in AppLovin by 6.7% during the fourth quarter. Geode Capital Management LLC now owns 7,167,003 shares of the company's stock worth $4,817,269,000 after purchasing an additional 448,005 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in AppLovin by 3.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,089,735 shares of the company's stock valued at $4,103,386,000 after purchasing an additional 212,349 shares during the last quarter. Finally, Morgan Stanley grew its holdings in AppLovin by 10.7% in the fourth quarter. Morgan Stanley now owns 5,561,646 shares of the company's stock valued at $3,747,551,000 after purchasing an additional 538,806 shares during the last quarter. Hedge funds and other institutional investors own 41.85% of the company's stock.

Insider Buying and Selling

In other news, insider Victoria Valenzuela sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $565.89, for a total value of $11,317,800.00. Following the completion of the transaction, the insider owned 243,961 shares of the company's stock, valued at $138,055,090.29. The trade was a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Vasily Shikin sold 62,804 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $484.42, for a total transaction of $30,423,513.68. Following the transaction, the chief technology officer directly owned 3,189,739 shares in the company, valued at $1,545,173,366.38. The trade was a 1.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 393,000 shares of company stock worth $197,297,363 in the last 90 days. 12.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on APP. Wedbush cut their price target on AppLovin from $640.00 to $610.00 and set an "outperform" rating for the company in a research note on Thursday, August 6th. Bank of America reissued a "neutral" rating and issued a $400.00 price objective (down from $430.00) on shares of AppLovin in a research note on Tuesday. Wells Fargo & Company restated an "equal weight" rating and set a $357.00 target price (down from $575.00) on shares of AppLovin in a report on Thursday, August 6th. JPMorgan Chase & Co. lifted their target price on shares of AppLovin from $500.00 to $515.00 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. Finally, Weiss Ratings raised shares of AppLovin from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, AppLovin presently has a consensus rating of "Moderate Buy" and a consensus price target of $565.91.

Trending Headlines about AppLovin

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 quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11. AppLovin Corporation has a fifty-two week low of $303.17 and a fifty-two week high of $745.61. The business has a fifty day moving average of $452.68 and a 200-day moving average of $457.05. The stock has a market cap of $105.04 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 0.61 and a beta of 2.54.

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

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.

Want to see what other hedge funds are holding APP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AppLovin Corporation (NASDAQ:APP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source