Rep. Josh Gottheimer Buys AppLovin Corporation (NASDAQ:APP) Stock

Representative Josh Gottheimer (D-New Jersey) recently bought shares of AppLovin Corporation NASDAQ: APP. In a filing disclosed on June 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in AppLovin stock on May 28th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/25/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/20/2025.
• Purchased $1,001 - $15,000 in shares of Cloudflare NYSE: NET on 6/20/2025.
• Purchased $1,001 - $15,000 in shares of Carvana NYSE: CVNA on 6/20/2025.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 6/20/2025.

AppLovin Trading Up 0.5%

APP stock traded up $1.71 during trading on Monday, hitting $366.17. The company had a trading volume of 4,577,650 shares, compared to its average volume of 6,282,716. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 6.10. The firm has a market capitalization of $123.91 billion, a P/E ratio of 66.10, a PEG ratio of 2.16 and a beta of 2.42. The company has a 50 day simple moving average of $362.51 and a 200-day simple moving average of $335.12. AppLovin Corporation has a 52-week low of $60.67 and a 52-week high of $525.15.

AppLovin (NASDAQ:APP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.22. AppLovin had a net margin of 37.38% and a return on equity of 224.65%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The company's quarterly revenue was up 40.3% compared to the same quarter last year. As a group, research analysts forecast that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on APP. Piper Sandler reiterated an "overweight" rating and set a $470.00 price target (up previously from $455.00) on shares of AppLovin in a research note on Thursday, June 26th. HSBC set a $436.00 price objective on shares of AppLovin and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Citigroup reiterated a "buy" rating on shares of AppLovin in a research note on Thursday, May 29th. Scotiabank upgraded shares of AppLovin to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, UBS Group upped their price target on shares of AppLovin from $450.00 to $475.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $438.43.

Insider Transactions at AppLovin

In other news, CFO Matthew Stumpf sold 9,714 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $423.00, for a total transaction of $4,109,022.00. Following the transaction, the chief financial officer owned 192,421 shares in the company, valued at $81,394,083. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Herald Y. Chen sold 100,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $419.91, for a total value of $41,991,000.00. Following the completion of the transaction, the director directly owned 181,929 shares of the company's stock, valued at approximately $76,393,806.39. This represents a 35.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,212,968 shares of company stock worth $455,062,980. 13.66% of the stock is owned by insiders.

Institutional Investors Weigh In On AppLovin

Several hedge funds have recently made changes to their positions in the stock. Revolve Wealth Partners LLC acquired a new position in shares of AppLovin during the fourth quarter valued at about $294,000. Yousif Capital Management LLC lifted its position in AppLovin by 4.0% during the fourth quarter. Yousif Capital Management LLC now owns 3,425 shares of the company's stock valued at $1,109,000 after purchasing an additional 132 shares during the last quarter. Quotient Wealth Partners LLC bought a new stake in shares of AppLovin in the 4th quarter worth approximately $222,000. Stephens Inc. AR lifted its holdings in shares of AppLovin by 9.1% in the 4th quarter. Stephens Inc. AR now owns 7,224 shares of the company's stock worth $2,339,000 after acquiring an additional 604 shares during the last quarter. Finally, Angeles Wealth Management LLC purchased a new position in AppLovin during the 4th quarter valued at $204,000. Institutional investors own 41.85% of the company's stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

About AppLovin

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.

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