Norges Bank Acquires Shares of 3,027,991 AppLovin Corporation $APP

Key Points

• Norges Bank disclosed a new position in AppLovin, buying 3,027,991 shares valued at about $2.04 billion, and now owns roughly 0.90% of the company.
• AppLovin recently reported strong quarterly results, with EPS of $3.56 and revenue of $1.84 billion, both ahead of estimates. Revenue jumped 58.9% year over year, highlighting continued growth momentum.
• Analyst sentiment remains generally bullish, with firms like Needham and Deutsche Bank raising price targets to $700 and $660, respectively. However, there has also been some insider selling, which could slightly temper investor sentiment.

Norges Bank bought a new position in shares of AppLovin Corporation (NASDAQ:APP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,027,991 shares of the company's stock, valued at approximately $2,040,321,000. Norges Bank owned approximately 0.90% of AppLovin as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Zweig DiMenna Associates LLC grew its holdings in shares of AppLovin by 6.0% during the 4th quarter. Zweig DiMenna Associates LLC now owns 119,945 shares of the company's stock worth $80,821,000 after purchasing an additional 6,745 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of AppLovin during the 4th quarter worth $20,214,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of AppLovin during the 4th quarter worth $7,616,000. Fiducient Advisors LLC acquired a new stake in shares of AppLovin during the 4th quarter worth $1,772,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of AppLovin during the 4th quarter worth $294,000. 41.85% of the stock is owned by institutional investors and hedge funds.

AppLovin Stock Performance

NASDAQ:APP opened at $613.09 on Friday. The stock's 50-day simple moving average is $456.58 and its 200 day simple moving average is $521.70. The firm has a market capitalization of $205.96 billion, a PE ratio of 52.67, a price-to-earnings-growth ratio of 0.98 and a beta of 2.37. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.49. AppLovin Corporation has a twelve month low of $320.00 and a twelve month high of $745.61.

AppLovin (NASDAQ:APP - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.12. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.77 billion. AppLovin had a return on equity of 219.37% and a net margin of 64.29%.AppLovin's revenue was up 58.9% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. On average, analysts anticipate that AppLovin Corporation will post 15.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

APP has been the topic of several analyst reports. Zacks Research lowered AppLovin from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 12th. Evercore reissued a "buy" rating on shares of AppLovin in a report on Friday, January 30th. Morgan Stanley reissued an "overweight" rating on shares of AppLovin in a report on Wednesday. Weiss Ratings lowered AppLovin from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, May 7th. Finally, BTIG Research reissued a "buy" rating and set a $640.00 target price on shares of AppLovin in a report on Thursday, May 7th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $664.35.

Insiders Place Their Bets

In other AppLovin news, CTO Vasily Shikin sold 2,889 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $488.90, for a total value of $1,412,432.10. Following the completion of the transaction, the chief technology officer directly owned 17,945 shares in the company, valued at approximately $8,773,310.50. This trade represents a 13.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eduardo Vivas sold 163,910 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $453.49, for a total value of $74,331,545.90. Following the completion of the transaction, the director owned 6,969,382 shares of the company's stock, valued at $3,160,545,043.18. This represents a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 464,016 shares of company stock valued at $218,477,985. 13.66% of the stock is owned by corporate insiders.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Needham reaffirmed its Buy rating and lifted its price target to $700, reinforcing the view that AppLovin still has room to run. Needham Reaffirms Buy Rating on AppLovin
• Positive Sentiment: Deutsche Bank also raised its price target to $660 while maintaining a Buy rating, adding to the bullish analyst backdrop. Why Wall Street Still Sees More Upside In AppLovin
• Positive Sentiment: Zacks said AppLovin’s AI-powered ad platform is driving record revenue momentum as demand expands across digital advertising and e-commerce, suggesting the company’s growth story remains intact. AppLovin's Revenue Momentum Reflects AI-Driven Advertising Demand
• Positive Sentiment: Multiple reports noted the stock moved higher after positive analyst commentary tied to strong recent financial results and the upcoming AI advertising platform rollout. Why AppLovin (APP) Stock Is Trading Up Today
• Neutral Sentiment: A Zacks roundup also grouped AppLovin with other growth names, but the mention was largely a general analyst note rather than a new company-specific catalyst. Zacks Analyst Blog Highlights Citigroup, TotalEnergies, AppLovin
• Neutral Sentiment: One analysis compared AppLovin with Coherent and argued COHR has an edge due to valuation and AI infrastructure demand, but this appears more like relative commentary than a direct fundamental setback for APP. Coherent vs. AppLovin: Which AI Growth Stock Is Better Positioned?
• Negative Sentiment: Recent insider selling by CTO Vasily Shikin may temper sentiment somewhat, though the sales were small relative to his remaining holdings and are outweighed by the bullish analyst-driven narrative. AppLovin CTO Insider Sales

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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