Rep. Josh Gottheimer Sells AppLovin Co. (NASDAQ:APP) Shares

Representative Josh Gottheimer (D-New Jersey) recently sold shares of AppLovin Co. NASDAQ: APP. In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in AppLovin stock on April 14th.

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

• Purchased $1,001 - $15,000 in shares of RTX NYSE: RTX on 4/23/2025.
• Purchased $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 4/22/2025.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Tri Pointe Homes NYSE: TPH on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk NYSE: TLK on 4/21/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of D.R. Horton NYSE: DHI on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Hillman Solutions NASDAQ: HLMN on 4/17/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/17/2025.

AppLovin Stock Down 2.6%

AppLovin stock opened at $366.61 on Friday. The stock has a market capitalization of $124.63 billion, a PE ratio of 80.75, a price-to-earnings-growth ratio of 3.02 and a beta of 2.39. AppLovin Co. has a twelve month low of $60.67 and a twelve month high of $525.15. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70. The company has a 50 day moving average of $283.05 and a 200-day moving average of $316.16.

AppLovin (NASDAQ:APP - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.22. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.38 billion. AppLovin had a net margin of 33.54% and a return on equity of 188.55%. The business's quarterly revenue was up 40.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. On average, equities research analysts anticipate that AppLovin Co. will post 6.87 EPS for the current fiscal year.

Insider Buying and Selling at AppLovin

In related news, CEO Arash Adam Foroughi sold 44,400 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $410.89, for a total value of $18,243,516.00. Following the transaction, the chief executive officer now directly owns 2,869,492 shares in the company, valued at approximately $1,179,045,567.88. This represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Herald Y. Chen sold 200,000 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $324.65, for a total transaction of $64,930,000.00. Following the completion of the transaction, the director now owns 621,209 shares in the company, valued at $201,675,501.85. This trade represents a 24.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,119,470 shares of company stock worth $409,752,180 over the last ninety days. Insiders own 14.69% of the company's stock.

Institutional Trading of AppLovin

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oxinas Partners Wealth Management LLC bought a new stake in AppLovin during the fourth quarter worth $1,081,000. Barclays PLC increased its holdings in shares of AppLovin by 92.5% in the third quarter. Barclays PLC now owns 318,992 shares of the company's stock valued at $41,643,000 after purchasing an additional 153,248 shares during the last quarter. Tcfg Wealth Management LLC acquired a new position in shares of AppLovin in the fourth quarter valued at $369,000. Caprock Group LLC increased its holdings in shares of AppLovin by 42.2% in the fourth quarter. Caprock Group LLC now owns 42,146 shares of the company's stock valued at $13,648,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of AppLovin in the fourth quarter valued at $382,000. 41.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of AppLovin from $386.00 to $405.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Morgan Stanley boosted their price objective on shares of AppLovin from $350.00 to $420.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. FBN Securities assumed coverage on shares of AppLovin in a research report on Friday, March 28th. They issued an "outperform" rating and a $385.00 price objective on the stock. HSBC set a $436.00 price objective on shares of AppLovin and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Finally, Loop Capital reissued a "buy" rating and issued a $650.00 price objective on shares of AppLovin in a research report on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $433.85.

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.

AppLovin Company Profile

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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