Northwestern Mutual Wealth Management Co. Buys 14,121 Shares of AppLovin Corporation $APP

Key Points

• Northwestern Mutual Wealth Management Co. boosted its AppLovin stake by 117.1% in the fourth quarter, buying 14,121 additional shares and bringing its total holdings to 26,177 shares worth about $17.6 million.
• AppLovin’s recent financial results were strong, with quarterly EPS of $3.56 beating estimates and revenue of $1.84 billion topping expectations; revenue also rose 58.9% year over year.
• Analyst sentiment remains broadly positive, with firms like Needham and Deutsche Bank maintaining Buy ratings and setting price targets as high as $700, while the consensus rating stays at Moderate Buy.

Northwestern Mutual Wealth Management Co. grew its stake in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 117.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,177 shares of the company's stock after acquiring an additional 14,121 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in AppLovin were worth $17,638,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of APP. Revolve Wealth Partners LLC bought a new position in AppLovin in the 4th quarter worth approximately $294,000. Bison Wealth LLC bought a new position in AppLovin in the 4th quarter worth approximately $239,000. Integrated Wealth Concepts LLC boosted its holdings in AppLovin by 58.0% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,692 shares of the company's stock worth $448,000 after buying an additional 621 shares during the period. NewEdge Advisors LLC boosted its holdings in AppLovin by 5.7% in the 2nd quarter. NewEdge Advisors LLC now owns 14,523 shares of the company's stock worth $5,084,000 after buying an additional 782 shares during the period. Finally, Treasurer of the State of North Carolina boosted its holdings in AppLovin by 7.2% in the 2nd quarter. Treasurer of the State of North Carolina now owns 139,189 shares of the company's stock worth $48,727,000 after buying an additional 9,380 shares during the period. 41.85% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Arash Adam Foroughi sold 40,704 shares of the firm's stock in a transaction on 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 sale, the chief executive officer owned 2,430,414 shares in the company, valued at approximately $1,117,625,877.90. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Matthew Stumpf sold 9,052 shares of AppLovin stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $600.00, for a total transaction of $5,431,200.00. Following the sale, the chief financial officer directly owned 177,450 shares of the company's stock, valued at $106,470,000. This represents a 4.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 464,016 shares of company stock valued at $218,477,985. 13.66% of the stock is owned by company insiders.

AppLovin Stock Performance

NASDAQ APP opened at $613.09 on Monday. AppLovin Corporation has a 1 year low of $320.00 and a 1 year high of $745.61. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.24 and a quick ratio of 3.24. The stock has a market capitalization of $205.96 billion, a PE ratio of 52.67, a P/E/G ratio of 1.00 and a beta of 2.45. The company's 50 day simple moving average is $456.58 and its two-hundred day simple moving average is $520.78.

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

Analyst Ratings Changes

APP has been the subject of several analyst reports. Weiss Ratings downgraded shares of AppLovin from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, May 7th. Zacks Research downgraded shares of AppLovin from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $660.00 price objective on shares of AppLovin in a report on Thursday, May 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $700.00 price objective on shares of AppLovin in a report on Thursday. Finally, Citigroup cut their price objective on shares of AppLovin from $820.00 to $710.00 and set a "buy" rating for the company in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, AppLovin presently has a consensus rating of "Moderate Buy" and a consensus price target of $664.35.

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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