M&T Bank Corp Sells 5,743 Shares of AppLovin Corporation $APP

Key Points

• M&T Bank trimmed its position in AppLovin by 21.8%, selling 5,743 shares and leaving 20,586 shares worth about $13.87 million.
• Company insiders have been active sellers — CTO Vasily Shikin sold 5,231 shares (~$2.5M) and CEO Arash Foroughi sold 40,704 shares (~$18.7M) — with insiders offloading 365,244 shares (~$169.6M) in the last 90 days while still owning 13.66% of the stock.
• Despite a recent 6.1% intraday drop to $454.17, AppLovin reported strong quarterly results (EPS $3.24 vs. $2.89 expected; revenue $1.66B, +66% YoY) and enjoys mostly positive analyst coverage with an average price target of about $673.25.

M&T Bank Corp decreased its position in AppLovin Corporation (NASDAQ:APP - Free Report) by 21.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 20,586 shares of the company's stock after selling 5,743 shares during the period. M&T Bank Corp's holdings in AppLovin were worth $13,871,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. CBIZ Investment Advisory Services LLC lifted its stake in AppLovin by 58.6% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 46 shares of the company's stock valued at $33,000 after acquiring an additional 17 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in AppLovin by 2.9% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 640 shares of the company's stock valued at $431,000 after acquiring an additional 18 shares in the last quarter. Versant Capital Management Inc lifted its stake in AppLovin by 2.8% in the 3rd quarter. Versant Capital Management Inc now owns 701 shares of the company's stock valued at $504,000 after acquiring an additional 19 shares in the last quarter. Claro Advisors LLC lifted its position in AppLovin by 3.2% during the 3rd quarter. Claro Advisors LLC now owns 647 shares of the company's stock worth $465,000 after buying an additional 20 shares in the last quarter. Finally, Strategic Advocates LLC lifted its position in AppLovin by 0.8% during the 3rd quarter. Strategic Advocates LLC now owns 2,576 shares of the company's stock worth $1,851,000 after buying an additional 21 shares in the last quarter. Institutional investors own 41.85% of the company's stock.

Insider Activity

In other news, CTO Vasily Shikin sold 5,231 shares of the company's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.47, for a total value of $2,497,645.57. Following the sale, the chief technology officer directly owned 30,658 shares of the company's stock, valued at approximately $14,638,275.26. This represents a 14.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Arash Adam Foroughi sold 40,704 shares of the company's stock in a transaction dated Thursday, March 12th. The shares were 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 approximately $1,117,625,877.90. The trade was a 1.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 365,244 shares of company stock valued at $169,584,607. 13.66% of the stock is owned by company insiders.

AppLovin News Roundup

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Argus Research initiated a Buy on APP with a $520 price target, calling out recovery potential after the earlier "SaaSamageddon" pressure — a clear analyst endorsement that supports upside. Article Title
• Positive Sentiment: Comparisons to UiPath highlight AppLovin’s stronger growth, higher margins and better AI-driven monetization, positioning APP as the more compelling AI-adjacent growth pick in some analysts’ views. Article Title
• Positive Sentiment: Coverage noting that Wall Street favors AppLovin versus The Trade Desk reinforces the thesis that APP is competitively positioned inside adtech and may attract buy-side interest. Article Title
• Neutral Sentiment: Several investor-oriented roundups include AppLovin among growth names with notable insider ownership — a governance / alignment positive but not an immediate price catalyst. Article Title
• Negative Sentiment: Market reports note APP declined more than the broader market in the latest session, reflecting short-term selling pressure that is driving today’s underperformance. Article Title
• Negative Sentiment: An Alger Focus Equity Fund update listed AppLovin among top detractors for Q1, indicating some institutional underweighting or portfolio rotation that can pressure the stock in the short term. Article Title

AppLovin Trading Down 6.1%

Shares of AppLovin stock opened at $454.17 on Friday. AppLovin Corporation has a 12-month low of $246.00 and a 12-month high of $745.61. The stock has a market cap of $153.18 billion, a P/E ratio of 46.58, a P/E/G ratio of 0.84 and a beta of 2.50. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 1.65. The business's 50 day moving average is $432.34 and its 200-day moving average is $541.62.

AppLovin (NASDAQ:APP - Get Free Report) last issued its earnings results on Wednesday, February 11th. The company reported $3.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $0.35. The company had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.61 billion. AppLovin had a net margin of 57.42% and a return on equity of 245.64%. AppLovin's quarterly revenue was up 66.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 EPS. Equities research analysts predict that AppLovin Corporation will post 15.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of AppLovin from $543.00 to $560.00 and gave the stock an "overweight" rating in a research report on Monday, April 6th. Benchmark reissued a "buy" rating on shares of AppLovin in a research report on Friday, March 6th. Arete Research set a $340.00 price target on shares of AppLovin and gave the stock a "neutral" rating in a research report on Monday, March 2nd. Scotiabank boosted their price target on shares of AppLovin from $750.00 to $775.00 and gave the stock an "outperform" rating in a research report on Thursday, February 12th. Finally, Morgan Stanley set a $720.00 price target on shares of AppLovin in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $673.25.

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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