Zevenbergen Capital Investments LLC Reduces Holdings in AppLovin Corporation $APP

Key Points

• Zevenbergen Capital Investments reduced its AppLovin stake by 5.4% in the second quarter, selling 4,628 shares and retaining 80,571 shares valued at approximately $41.5 million.
• AppLovin shares opened at $312.67, near their 52-week low of $303.17 and well below their 50-day and 200-day moving averages above $450. The stock has a market capitalization of about $105 billion.
• Despite a mixed quarterly report—revenue of $1.92 billion missed estimates while EPS met expectations—revenue rose 52.8% year over year. Analysts maintain an overall “Moderate Buy” rating, though price targets and sentiment have weakened amid execution concerns and AI investment costs.

Zevenbergen Capital Investments LLC trimmed its stake in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 80,571 shares of the company's stock after selling 4,628 shares during the quarter. Zevenbergen Capital Investments LLC's holdings in AppLovin were worth $41,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of APP. Vanguard Group Inc. lifted its position in AppLovin by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 25,120,575 shares of the company's stock valued at $16,926,746,000 after purchasing an additional 166,117 shares during the last quarter. State Street Corp grew its holdings in shares of AppLovin by 0.4% in the fourth quarter. State Street Corp now owns 11,904,843 shares of the company's stock worth $8,021,721,000 after purchasing an additional 52,377 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of AppLovin by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 7,167,003 shares of the company's stock worth $4,817,269,000 after purchasing an additional 448,005 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of AppLovin by 3.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,089,735 shares of the company's stock worth $4,103,386,000 after buying an additional 212,349 shares during the period. Finally, Morgan Stanley increased its stake in shares of AppLovin by 10.7% in the fourth quarter. Morgan Stanley now owns 5,561,646 shares of the company's stock worth $3,747,551,000 after buying an additional 538,806 shares during the period. 41.85% of the stock is owned by hedge funds and other institutional investors.

AppLovin Price Performance

Shares of APP stock opened at $312.67 on Friday. The business's fifty day moving average is $452.68 and its 200 day moving average is $457.05. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11. The stock has a market cap of $105.04 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 0.61 and a beta of 2.54. AppLovin Corporation has a twelve month low of $303.17 and a twelve month high of $745.61.

AppLovin (NASDAQ:APP - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 EPS for the quarter, meeting the consensus estimate of $3.76. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $2.39 earnings per share. The company's revenue for the quarter was up 52.8% on a year-over-year basis. Research analysts expect that AppLovin Corporation will post 15.57 EPS for the current fiscal year.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin’s third-quarter guidance points to sequential revenue-growth reacceleration while maintaining an approximately 83% margin, even as the company continues investing in AI computing capacity. AppLovin Q3 Guidance Signals Reacceleration After a Mixed Q2 Print
• Positive Sentiment: Despite recent weakness, analysts and valuation commentary continue to highlight APP’s rapid revenue growth, very high margins and potential upside from depressed levels. BTIG retained a “buy” rating with a $408 target, while Phillip Securities upgraded the stock to “strong buy.” BTIG AppLovin Price Target
• Positive Sentiment: AppLovin is promoting its advertising platform to demonstrate that its technology can compete effectively in the digital-ad market, potentially supporting future customer adoption and growth. AppLovin Wants To Persuade The World That Its Ad Platform Is The Real Deal
• Neutral Sentiment: Bank of America assigned AppLovin a “neutral” rating, reflecting a balance between the company’s growth opportunity and execution or valuation risks. AppLovin Earns Neutral Rating from Bank of America
• Negative Sentiment: The recent selloff was intensified by a prior analyst downgrade and concerns surrounding a mixed second-quarter report. Although EPS met expectations and revenue grew strongly year over year, revenue fell short of estimates, while investors remain concerned about execution in e-commerce, limited visibility and continued AI-investment costs. Why AppLovin Stock Slumped
• Negative Sentiment: BTIG cut its price target substantially, even while maintaining a buy rating, underscoring that analysts have lowered expectations after the stock’s decline. The broader debate remains whether APP represents a discounted growth opportunity or a deteriorating growth story. AppLovin at 52-Week Low

Insider Buying and Selling

In related news, insider Victoria Valenzuela sold 20,000 shares of AppLovin stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $565.89, for a total transaction of $11,317,800.00. Following the completion of the transaction, the insider directly owned 243,961 shares of the company's stock, valued at $138,055,090.29. This trade represents a 7.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Vasily Shikin sold 62,804 shares of the business's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $484.42, for a total transaction of $30,423,513.68. Following the sale, the chief technology officer directly owned 3,189,739 shares in the company, valued at $1,545,173,366.38. The trade was a 1.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 393,000 shares of company stock worth $197,297,363 over the last 90 days. Corporate insiders own 12.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. KeyCorp set a $775.00 price target on shares of AppLovin in a research report on Wednesday, June 10th. Bank of America restated a "neutral" rating and issued a $400.00 price objective (down from $430.00) on shares of AppLovin in a research report on Tuesday. Raymond James Financial began coverage on shares of AppLovin in a research note on Monday, June 29th. They set a "strong-buy" rating and a $640.00 price objective for the company. Weiss Ratings upgraded shares of AppLovin from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. Finally, Scotiabank reissued a "sector outperform" rating and issued a $515.00 target price on shares of AppLovin in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $565.91.

AppLovin 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.

Want to see what other hedge funds are holding APP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AppLovin Corporation (NASDAQ:APP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source