Diversify Wealth Management LLC Trims Holdings in AppLovin Corporation $APP

Key Points

• Diversify Wealth Management LLC reduced its AppLovin stake by 37.3% in the fourth quarter, selling 3,552 shares and leaving it with 5,966 shares worth about $3.99 million.
• AppLovin delivered a strong Q1 2026 beat, with revenue up 58.9% year over year to $1.84 billion and adjusted EPS of $3.56, both ahead of analyst expectations.
• Management also issued upbeat Q2 guidance for revenue of $1.915 billion to $1.945 billion, while analysts remained largely positive with multiple Buy/Outperform ratings and a consensus price target of $664.35.

Diversify Wealth Management LLC cut its position in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 37.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,966 shares of the company's stock after selling 3,552 shares during the quarter. Diversify Wealth Management LLC's holdings in AppLovin were worth $3,989,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of APP. Vanguard Group Inc. boosted its holdings in shares of AppLovin by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 25,120,575 shares of the company's stock worth $16,926,746,000 after purchasing an additional 166,117 shares during the last quarter. State Street Corp increased its stake in AppLovin by 111.1% in the third quarter. State Street Corp now owns 11,852,466 shares of the company's stock valued at $8,516,471,000 after purchasing an additional 6,237,051 shares during the last quarter. Invesco Ltd. increased its stake in AppLovin by 9.4% in the third quarter. Invesco Ltd. now owns 4,292,752 shares of the company's stock valued at $3,084,514,000 after purchasing an additional 367,083 shares during the last quarter. Jennison Associates LLC lifted its position in AppLovin by 55.2% during the third quarter. Jennison Associates LLC now owns 3,886,150 shares of the company's stock worth $2,792,355,000 after buying an additional 1,381,970 shares during the period. Finally, Kensico Capital Management Corp lifted its position in AppLovin by 3.1% during the third quarter. Kensico Capital Management Corp now owns 3,118,500 shares of the company's stock worth $2,240,767,000 after buying an additional 95,000 shares during the period. Institutional investors and hedge funds own 41.85% of the company's stock.

Key Headlines Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin posted a strong Q1 2026 beat, with revenue up 59% year over year to $1.84 billion and adjusted EPS of $3.56, both above expectations. AppLovin Beats Quarterly Revenue Expectations. The Stock is Up.
• Positive Sentiment: Management’s outlook also impressed, with Q2 revenue guidance of $1.915 billion to $1.945 billion and adjusted EBITDA margins of roughly 84% to 85%, reinforcing confidence in AppLovin’s profitability. AppLovin expects Q2 2026 revenue of $1.915B-$1.945B...
• Positive Sentiment: Several reports highlighted accelerating e-commerce and AI ad growth, while Morgan Stanley said the quarter made it more convinced AppLovin is still early in a larger growth story. Morgan Stanley spills beans on what's next for AppLovin stock
• Positive Sentiment: Brokerage coverage stayed upbeat, including Needham reaffirming a Buy rating and Wedbush and Wells Fargo raising price targets, which supports sentiment around the name. Analyst rating and price target updates
• Neutral Sentiment: Despite the strong results, the stock has shown volatile post-earnings trading as investors digest the numbers and the near-term setup for the June Axon platform launch. AppLovin Stock Jumps, Then Reverses, Following Q1 Results
• Negative Sentiment: Some commentary warned that the growth story may need more time to fully play out, with consumer/e-commerce still a relatively small part of sales, which may be limiting enthusiasm in the near term. AppLovin: Growth Story Has A Patience Problem (Downgrade)

Insider Buying and Selling

In other news, CEO Arash Adam Foroughi sold 40,704 shares of the firm's stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $459.85, for a total transaction of $18,717,734.40. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eduardo Vivas sold 163,910 shares of AppLovin stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $453.49, for a total value of $74,331,545.90. Following the sale, the director directly owned 6,969,382 shares in the company, 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 365,244 shares of company stock valued at $169,584,607 in the last quarter. Company insiders own 13.66% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on APP shares. Wells Fargo & Company lifted their price target on AppLovin from $560.00 to $571.00 and gave the company an "overweight" rating in a report on Thursday. Royal Bank Of Canada reiterated an "outperform" rating and set a $700.00 price objective on shares of AppLovin in a report on Thursday, February 12th. Needham & Company LLC reissued a "buy" rating and issued a $700.00 target price on shares of AppLovin in a research report on Thursday. Wedbush restated an "outperform" rating and issued a $640.00 target price on shares of AppLovin in a report on Thursday. Finally, BTIG Research reaffirmed a "buy" rating and set a $640.00 price target on shares of AppLovin in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $664.35.

AppLovin Stock Down 6.1%

NASDAQ APP opened at $468.55 on Friday. The company has a quick ratio of 3.32, a current ratio of 3.24 and a debt-to-equity ratio of 1.49. AppLovin Corporation has a fifty-two week low of $320.00 and a fifty-two week high of $745.61. The business has a 50 day moving average price of $442.83 and a two-hundred day moving average price of $532.96. The stock has a market cap of $158.03 billion, a PE ratio of 40.25, a P/E/G ratio of 0.85 and a beta of 2.37.

AppLovin (NASDAQ:APP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.44 by $0.12. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.77 billion. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The business's quarterly revenue was up 58.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 earnings per share. As a group, sell-side analysts predict that AppLovin Corporation will post 15.92 EPS for the current fiscal year.

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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