Cresset Asset Management LLC Has $17.63 Million Stock Position in AppLovin Corporation $APP

Key Points

• Cresset Asset Management increased its AppLovin stake 9.3% in Q3 to 24,534 shares, valued at about $17.63 million at quarter-end.
• AppLovin beat Q4 expectations with EPS $3.24 (vs. $2.89 est.) and revenue $1.66B (+66% YoY), the stock jumped roughly 10%, and analysts hold a consensus target of $658.14 (21 Buys, 4 Holds).
• Major institutional activity includes Vanguard owning ~24.95M shares (~$17.93B) and new/expanded positions from Norges Bank, Rakuten, Jennison and BNY Mellon, with institutions controlling about 41.85% of the stock.

Cresset Asset Management LLC grew its stake in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 9.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,534 shares of the company's stock after purchasing an additional 2,083 shares during the quarter. Cresset Asset Management LLC's holdings in AppLovin were worth $17,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in AppLovin by 39.4% in the third quarter. Vanguard Group Inc. now owns 24,954,458 shares of the company's stock valued at $17,930,776,000 after buying an additional 7,051,663 shares during the period. Norges Bank bought a new position in AppLovin during the 2nd quarter worth $951,541,000. Rakuten Investment Management Inc. acquired a new stake in AppLovin in the 3rd quarter worth about $1,456,108,000. Jennison Associates LLC raised its position in shares of AppLovin by 55.2% in the third quarter. Jennison Associates LLC now owns 3,886,150 shares of the company's stock valued at $2,792,355,000 after buying an additional 1,381,970 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in AppLovin by 51.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,493,494 shares of the company's stock valued at $1,073,135,000 after acquiring an additional 504,341 shares in the last quarter. 41.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on APP. Piper Sandler reaffirmed an "overweight" rating and set a $650.00 price target (down from $800.00) on shares of AppLovin in a report on Thursday, February 12th. Needham & Company LLC reissued a "buy" rating and set a $700.00 price target on shares of AppLovin in a research note on Thursday, February 12th. Evercore reiterated a "buy" rating on shares of AppLovin in a report on Friday, January 30th. BTIG Research reduced their target price on AppLovin from $771.00 to $640.00 and set a "buy" rating on the stock in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of AppLovin from $425.00 to $650.00 and gave the company a "neutral" rating in a research report on Thursday, November 6th. Twenty-one equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $658.14.

Insider Buying and Selling at AppLovin

In other news, insider Victoria Valenzuela sold 7,609 shares of the business's stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $657.13, for a total transaction of $5,000,102.17. Following the completion of the sale, the insider directly owned 277,110 shares of the company's stock, valued at $182,097,294.30. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dawson Alyssa Harvey sold 150 shares of the company's stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $693.32, for a total transaction of $103,998.00. Following the completion of the sale, the director owned 2,829 shares in the company, valued at $1,961,402.28. This represents a 5.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 13.66% of the company's stock.

AppLovin News Roundup

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Analysts flagged AppLovin's strong Q4 beat (EPS $3.24 vs. $2.89 est.; revenue $1.66B, +66% YoY) and upbeat commentary about AI/software recovery, supporting renewed buy-side interest. Analysts Positive on AppLovin Corporation (APP) After Q4 Results
• Positive Sentiment: AppLovin was among several ad/tech names that jumped in the afternoon as a sector rally gained traction—momentum across peers likely amplified buying in APP. Health Catalyst, AppLovin, PubMatic, and Pegasystems Stocks Trade Up, What You Need To Know
• Positive Sentiment: Management participation at the Morgan Stanley TMT conference (fireside chat) and the published transcript increased investor access to guidance and strategy, helping sentiment. AppLovin Presents at Morgan Stanley TMT Conference (Transcript)
• Neutral Sentiment: Arete Research upgraded APP from sell to neutral, but set a $340 price target—an improvement in tone but a target below current levels, leaving the outlook mixed. Arete Upgrades AppLovin to Neutral
• Neutral Sentiment: Reported short-interest figures in public feeds appear garbled (zeros/NaN) and provide no clear signal about short positioning or squeeze risk at this time.
• Negative Sentiment: An ongoing SEC investigation and tighter global app-store regulation create a regulatory overhang that could raise compliance costs, disclosure risk and long-term model uncertainty. AppLovin Regulatory Scrutiny Raises Questions For Growth And Profitability

AppLovin Stock Up 10.0%

Shares of NASDAQ:APP opened at $482.81 on Thursday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 3.32 and a current ratio of 3.32. AppLovin Corporation has a 52-week low of $200.50 and a 52-week high of $745.61. The business's 50 day simple moving average is $522.79 and its two-hundred day simple moving average is $571.72. The firm has a market cap of $162.84 billion, a P/E ratio of 49.52, a PEG ratio of 0.90 and a beta of 2.51.

AppLovin (NASDAQ:APP - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company posted $1.73 earnings per share. The company's quarterly revenue was up 66.0% on a year-over-year basis. As a group, research analysts forecast that AppLovin Corporation will post 6.87 EPS 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.

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