Rep. Val T. Hoyle Sells Off Shares of AppLovin Corporation (NASDAQ:APP)

Key Points

• Representative Val T. Hoyle sold between $1,001 and $15,000 in shares of AppLovin Corporation on September 23rd, disclosed on October 10th.
• AppLovin's stock is currently trading down 5.1% with a market capitalization of $192.77 billion and a PE ratio of 80.95.
• Insiders have sold 1,156,788 shares worth over $514 million in the past 90 days, indicating notable trading activity among company executives.

Representative Val T. Hoyle (D-Oregon) recently sold shares of AppLovin Corporation NASDAQ: APP. In a filing disclosed on October 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in AppLovin stock on September 23rd. The trade occurred in the Representative's "FIDELITY ROLLOVER IRA" account.

Representative Val T. Hoyle also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Marriott International NASDAQ: MAR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Transdigm Group NYSE: TDG on 9/23/2025.
• Sold $1,001 - $15,000 in shares of H&R Block NYSE: HRB on 9/23/2025.
• Sold $1,001 - $15,000 in shares of NIKE NYSE: NKE on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Bank of New York Mellon NYSE: BK on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Cisco Systems NASDAQ: CSCO on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Pentair NYSE: PNR on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Heico NYSE: HEI.A on 9/23/2025.
• Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 9/23/2025.

AppLovin Trading Down 5.1%

Shares of APP stock opened at $569.89 on Friday. AppLovin Corporation has a 12-month low of $139.40 and a 12-month high of $745.61. The firm has a 50 day moving average price of $537.64 and a two-hundred day moving average price of $400.57. The company has a market capitalization of $192.77 billion, a PE ratio of 80.95, a price-to-earnings-growth ratio of 3.26 and a beta of 2.53. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 3.01.

AppLovin (NASDAQ:APP - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.05 by $0.21. AppLovin had a net margin of 45.72% and a return on equity of 252.67%. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same period last year, the firm earned $0.89 earnings per share. The business's revenue for the quarter was up 77.1% on a year-over-year basis. As a group, analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current year.

Institutional Trading of AppLovin

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in AppLovin in the 2nd quarter worth $951,541,000. Dynasty Wealth Management LLC raised its position in AppLovin by 117,664.4% in the 1st quarter. Dynasty Wealth Management LLC now owns 2,702,694 shares of the company's stock worth $716,133,000 after purchasing an additional 2,700,399 shares during the period. Price T Rowe Associates Inc. MD raised its position in AppLovin by 36.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company's stock worth $1,745,752,000 after purchasing an additional 1,769,400 shares during the period. Vanguard Group Inc. raised its position in AppLovin by 7.3% in the 1st quarter. Vanguard Group Inc. now owns 17,830,675 shares of the company's stock worth $4,724,594,000 after purchasing an additional 1,213,536 shares during the period. Finally, Baillie Gifford & Co. raised its position in AppLovin by 29.0% in the 1st quarter. Baillie Gifford & Co. now owns 5,270,355 shares of the company's stock worth $1,396,486,000 after purchasing an additional 1,185,859 shares during the period. Hedge funds and other institutional investors own 41.85% of the company's stock.

Insider Buying and Selling

In related news, CTO Vasily Shikin sold 30,000 shares of AppLovin stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $437.57, for a total value of $13,127,100.00. Following the transaction, the chief technology officer owned 3,360,104 shares in the company, valued at $1,470,280,707.28. This trade represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Arash Adam Foroughi sold 90,000 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $421.04, for a total transaction of $37,893,600.00. Following the completion of the transaction, the chief executive officer owned 2,620,054 shares in the company, valued at $1,103,147,536.16. The trade was a 3.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,156,788 shares of company stock worth $514,863,333 over the last 90 days. Insiders own 13.66% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on APP. BTIG Research boosted their target price on shares of AppLovin from $547.00 to $664.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Wall Street Zen lowered shares of AppLovin from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research lowered shares of AppLovin from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Citigroup increased their price objective on shares of AppLovin from $600.00 to $850.00 and gave the company a "buy" rating in a research note on Wednesday, October 1st. Finally, Benchmark raised their price target on shares of AppLovin from $525.00 to $640.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $597.38.

About Representative Hoyle

Val Hoyle (Democratic Party) is a member of the U.S. House, representing Oregon's 4th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Hoyle (Democratic Party) is running for re-election to the U.S. House to represent Oregon's 4th Congressional District. She declared candidacy for the 2026 election. Val Hoyle was born in California and lives in Springfield, Oregon. Hoyle graduated from Merrimack High School. She earned a B.A. in political science from Emmanuel College in 1992. Her career experience includes working as a director at United Way of Lane County, a policy fellow at Wayne Morse Center for Law and Politics, and a commissioner at the Oregon Bureau of Labor and Industries. Hoyle has also worked in domestic and international sales, as well as manufacturing distribution.

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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