Rep. Robert Bresnahan, Jr. Buys AppLovin Corporation (NASDAQ:APP) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of AppLovin Corporation NASDAQ: APP. In a filing disclosed on July 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in AppLovin stock on June 6th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
• Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
• Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
• Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
• Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
• Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.

AppLovin Trading Up 0.2%

Shares of NASDAQ APP opened at $364.46 on Friday. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $123.33 billion, a P/E ratio of 65.79, a price-to-earnings-growth ratio of 2.16 and a beta of 2.42. AppLovin Corporation has a 1-year low of $60.67 and a 1-year high of $525.15. The business has a fifty day moving average price of $362.51 and a 200 day moving average price of $335.17.

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

Wall Street Analysts Forecast Growth

APP has been the topic of several recent analyst reports. Oppenheimer reiterated an "outperform" rating and set a $500.00 target price (down previously from $560.00) on shares of AppLovin in a research report on Thursday, May 8th. Benchmark restated a "buy" rating and issued a $525.00 target price on shares of AppLovin in a research note on Thursday, May 8th. Wells Fargo & Company upped their price target on AppLovin from $386.00 to $405.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Loop Capital reissued a "buy" rating and set a $650.00 target price on shares of AppLovin in a research report on Friday, March 28th. Finally, Morgan Stanley upped their target price on shares of AppLovin from $420.00 to $460.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, AppLovin has an average rating of "Moderate Buy" and an average target price of $438.43.

Institutional Trading of AppLovin

Institutional investors and hedge funds have recently made changes to their positions in the stock. FengHe Fund Management Pte. Ltd. bought a new stake in AppLovin in the 2nd quarter worth $32,289,000. Deltec Asset Management LLC purchased a new position in AppLovin in the second quarter worth about $350,000. Trilogy Capital Inc. grew its stake in shares of AppLovin by 15.4% in the second quarter. Trilogy Capital Inc. now owns 7,412 shares of the company's stock worth $2,595,000 after acquiring an additional 991 shares during the period. Trust Co. of Vermont bought a new stake in shares of AppLovin in the second quarter worth approximately $35,000. Finally, Union Bancaire Privee UBP SA bought a new stake in AppLovin during the second quarter valued at approximately $7,360,000. Hedge funds and other institutional investors own 41.85% of the company's stock.

Insider Activity

In other AppLovin news, CEO Arash Adam Foroughi sold 100,000 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $367.51, for a total transaction of $36,751,000.00. Following the transaction, the chief executive officer owned 2,760,363 shares in the company, valued at $1,014,461,006.13. The trade was a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Herald Y. Chen sold 400,000 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $374.61, for a total transaction of $149,844,000.00. Following the transaction, the director owned 221,209 shares in the company, valued at $82,867,103.49. This trade represents a 64.39% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,212,968 shares of company stock valued at $455,062,980. Company insiders own 13.66% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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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