Entropy Technologies LP Makes New Investment in AppLovin Corporation $APP

Key Points

• Entropy Technologies LP bought a new stake of 9,238 AppLovin shares in Q3, valued at about $6.64 million, as institutional ownership stands around 41.85%.
• CTO Vasily Shikin sold 62,804 shares (≈$30.55 million) on March 10, and insiders have sold a total of 97,329 shares worth about $48.64 million in the past 90 days.
• Despite recent negative headlines and a ~10% pullback, analysts remain mostly bullish—20 Buys vs. 5 Holds—with a consensus price target of $654.50 (average rating: "Moderate Buy").

Entropy Technologies LP purchased a new position in AppLovin Corporation (NASDAQ:APP - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,238 shares of the company's stock, valued at approximately $6,638,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Chilton Capital Management LLC bought a new position in AppLovin during the third quarter worth about $29,000. Activest Wealth Management raised its position in shares of AppLovin by 760.0% in the third quarter. Activest Wealth Management now owns 43 shares of the company's stock valued at $31,000 after purchasing an additional 38 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of AppLovin during the 2nd quarter valued at approximately $33,000. Heartwood Wealth Advisors LLC bought a new position in AppLovin in the 3rd quarter worth approximately $33,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in AppLovin by 58.6% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 46 shares of the company's stock worth $33,000 after buying an additional 17 shares during the period. Institutional investors own 41.85% of the company's stock.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Needham reaffirmed a "buy" and set a $700 price target, signaling continued analyst conviction and providing a clear upside thesis for investors. Needham Buy Rating
• Positive Sentiment: A Seeking Alpha/quant note flagged APP as a "buy" from its system, which can attract algorithmic and momentum buyers. Quant Buy Note
• Neutral Sentiment: Analyst and media pieces argue recent swings reflect market sentiment in digital ads rather than worsening fundamentals — helpful context but not an immediate catalyst. Volatility vs Fundamentals
• Neutral Sentiment: Short-interest data reported for March is anomalous (shows 0 shares / 0 days to cover), suggesting the short-interest snapshot is not a reliable current signal. Investors should treat the short data as non-actionable until clarified.
• Negative Sentiment: Multiple insider sales by CTO Vasily Shikin on March 10 — aggregated trades total tens of millions of dollars at prices roughly in the $477–$513 range — which the market often views as a negative signal on near-term insider conviction. SEC Filing: Insider Sales
• Negative Sentiment: High-profile commentary (Jim Cramer) labeled APP as having "too much risk," which can amplify downside via retail flows and headline-driven selling. Cramer Commentary
• Negative Sentiment: Forbes piece questions whether APP is a value trap after a recent ~10% pullback over the past month, reinforcing cautious narratives among longer-term investors. Forbes: Value Trap?
• Negative Sentiment: A market write-up noted APP "fell more steeply than the broader market" in the latest session, reflecting the day's negative price action and sentiment pressure. Zacks: Price Drop

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APP. Evercore reissued a "buy" rating on shares of AppLovin in a report on Friday, January 30th. Benchmark reiterated a "buy" rating on shares of AppLovin in a research report on Friday, March 6th. Royal Bank Of Canada reiterated an "outperform" rating and set a $700.00 price objective on shares of AppLovin in a research note on Thursday, February 12th. Oppenheimer dropped their price objective on AppLovin from $740.00 to $660.00 and set an "outperform" rating on the stock in a report on Thursday, March 5th. Finally, Citigroup cut their target price on AppLovin from $820.00 to $710.00 and set a "buy" rating for the company in a research note on Thursday, February 12th. Twenty research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $654.50.

Insider Transactions at AppLovin

In other AppLovin news, insider Victoria Valenzuela sold 7,609 shares of the firm's stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $657.13, for a total value of $5,000,102.17. Following the sale, the insider owned 277,110 shares of the company's stock, valued at $182,097,294.30. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Vasily Shikin sold 62,804 shares of AppLovin stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $486.43, for a total value of $30,549,749.72. Following the sale, the chief technology officer owned 3,255,273 shares of the company's stock, valued at approximately $1,583,462,445.39. This trade represents a 1.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 97,329 shares of company stock worth $48,642,639 over the last 90 days. Corporate insiders own 13.66% of the company's stock.

AppLovin Stock Down 2.6%

Shares of NASDAQ:APP opened at $449.62 on Friday. The firm has a fifty day moving average price of $497.50 and a two-hundred day moving average price of $573.26. The company has a market cap of $151.65 billion, a price-to-earnings ratio of 46.11, a PEG ratio of 0.81 and a beta of 2.51. The company has a debt-to-equity ratio of 1.65, a current ratio of 3.32 and a quick ratio of 3.32. AppLovin Corporation has a one year low of $200.50 and a one year high of $745.61.

AppLovin (NASDAQ:APP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $3.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $0.35. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.61 billion. AppLovin had a return on equity of 245.64% and a net margin of 57.42%.The firm's revenue was up 66.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 earnings per share. Analysts anticipate 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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