Teacher Retirement System of Texas Has $33.36 Million Stake in AppLovin Corporation $APP

Key Points

• Teacher Retirement System of Texas cut its AppLovin stake by 44.1% in Q4, selling 39,076 shares and leaving 49,502 shares valued at about $33.36 million.
• Analysts have a consensus rating of Moderate Buy for APP with a consensus target of $673.25, though individual price targets vary widely (roughly $340 to $820).
• Company insiders sold large blocks recently — including CEO and CTO sales — with insiders offloading 365,244 shares (~$169.6 million) over the last quarter while still owning 13.66% of the stock.

Teacher Retirement System of Texas trimmed its position in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 44.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,502 shares of the company's stock after selling 39,076 shares during the quarter. Teacher Retirement System of Texas' holdings in AppLovin were worth $33,355,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of APP. Lazard Freres Gestion S.A.S. bought a new stake in AppLovin during the third quarter worth $2,514,000. Mediolanum International Funds Ltd grew its holdings in AppLovin by 73.5% during the third quarter. Mediolanum International Funds Ltd now owns 76,736 shares of the company's stock worth $54,664,000 after buying an additional 32,510 shares in the last quarter. Thames Capital Management LLC grew its holdings in AppLovin by 114.8% during the third quarter. Thames Capital Management LLC now owns 16,702 shares of the company's stock worth $12,001,000 after buying an additional 8,925 shares in the last quarter. CIBC Asset Management Inc grew its holdings in AppLovin by 14.8% during the third quarter. CIBC Asset Management Inc now owns 117,126 shares of the company's stock worth $84,160,000 after buying an additional 15,074 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in AppLovin by 131.7% during the third quarter. Allworth Financial LP now owns 6,049 shares of the company's stock worth $4,347,000 after buying an additional 3,438 shares in the last quarter. 41.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APP has been the subject of several recent research reports. Morgan Stanley set a $720.00 price target on AppLovin in a report on Thursday, February 12th. Citigroup decreased their price target on AppLovin from $820.00 to $710.00 and set a "buy" rating for the company in a report on Thursday, February 12th. Piper Sandler reiterated an "overweight" rating and set a $650.00 price target (down from $800.00) on shares of AppLovin in a report on Thursday, February 12th. Argus initiated coverage on AppLovin in a report on Tuesday, April 14th. They set a "buy" rating and a $520.00 price target for the company. Finally, Arete Research set a $340.00 price target on AppLovin and gave the stock a "neutral" rating in a report on Monday, March 2nd. One equities 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $673.25.

AppLovin News Summary

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 Stock Down 6.1%

APP stock opened at $454.17 on Friday. The stock's fifty day simple moving average is $432.34 and its two-hundred day simple moving average is $541.62. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 1.65. AppLovin Corporation has a 1-year low of $246.00 and a 1-year 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.

AppLovin (NASDAQ:APP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.35. AppLovin had a return on equity of 245.64% and a net margin of 57.42%.The business had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.61 billion. During the same quarter in the previous year, the firm earned $1.73 earnings per share. The business's revenue was up 66.0% on a year-over-year basis. Analysts expect that AppLovin Corporation will post 15.72 EPS for the current year.

Insiders Place Their Bets

In other AppLovin news, CEO Arash Adam Foroughi sold 50,000 shares of the business's stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $466.04, for a total value of $23,302,000.00. Following the transaction, the chief executive officer owned 2,480,414 shares of the company's stock, valued at approximately $1,155,972,140.56. The trade was a 1.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Vasily Shikin sold 62,804 shares of the business's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $486.43, for a total value of $30,549,749.72. Following the completion of the transaction, the chief technology officer directly owned 3,255,273 shares in the company, valued at approximately $1,583,462,445.39. This represents a 1.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 365,244 shares of company stock valued at $169,584,607. Insiders own 13.66% of the company's stock.

About AppLovin

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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