AppLovin Corporation $APP Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS decreased its position in AppLovin Corporation (NASDAQ:APP) by 12.7% in the 3rd quarter, Holdings Channel reports. The fund owned 95,950 shares of the company’s stock after selling 13,900 shares during the period. KLP Kapitalforvaltning AS’s holdings in AppLovin were worth $68,944,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Hilltop National Bank acquired a new stake in AppLovin during the 2nd quarter valued at $26,000. LFA Lugano Financial Advisors SA acquired a new position in AppLovin in the 2nd quarter worth $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in AppLovin in the 2nd quarter valued at about $33,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of AppLovin during the third quarter valued at about $33,000. Finally, Hoey Investments Inc. acquired a new position in shares of AppLovin in the second quarter worth about $35,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on APP shares. UBS Group reiterated a “buy” rating and set a $775.00 price objective on shares of AppLovin in a research note on Thursday, December 11th. Jefferies Financial Group increased their price target on shares of AppLovin from $800.00 to $860.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Benchmark boosted their price objective on AppLovin from $700.00 to $775.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Wells Fargo & Company upped their price objective on AppLovin from $633.00 to $721.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Oppenheimer set a $740.00 target price on AppLovin in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, AppLovin currently has an average rating of “Moderate Buy” and a consensus price target of $695.90.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Analyst and bull case: several pieces note Wall Street optimism and list APP as a top tech pick for the year, supporting the growth narrative and investor interest. Wall Street Bulls Look Optimistic About AppLovin (APP): Should You Buy?
• Positive Sentiment: Growth thesis reiterated: a Zacks feature lays out three reasons APP can outperform — expanding ad monetization, strong revenue growth and operational leverage. These fundamentals underpin higher valuations if execution continues. Looking for a Growth Stock? 3 Reasons Why AppLovin (APP) is a Solid Choice
• Positive Sentiment: Market-theme support: a roundup of S&P 500 picks includes APP among tech names to watch in the year, which can attract benchmark-driven flows. S&P 500 Continues Its Stellar Run to Open New Year: 4 Solid Picks
• Neutral Sentiment: Increased attention: Zacks reports heavy investor searches for APP, signaling elevated interest and potential for higher volume/volatility but not directional proof. Investors Heavily Search AppLovin Corporation (APP): Here is What You Need to Know
• Neutral Sentiment: Macro/market context: broader market-mover coverage (e.g., investing.com note) may have influenced trading flows; APP moves can be amplified by tech/market leadership shifts. Micron and Lam Research among market cap stock movers on Tuesday
• Negative Sentiment: Near-term weakness: a Zacks piece flagged a daily decline for APP (shares sank while the broader market gained), which can trigger stop-losses and short-term selling pressure. AppLovin (APP) Stock Sinks As Market Gains: Here’s Why
• Negative Sentiment: Volatility/risk warnings: Forbes highlights APP’s history of sharp drawdowns (multiple >30% drops), a reminder that elevated valuation and beta can lead to big reversals. Why AppLovin Stock May Be A Risky Pick?
• Negative Sentiment: Fundamental concern: Seeking Alpha argues APP may face diminishing marginal returns, which would pressure future margin expansion assumptions and valuation. AppLovin May Be Facing Diminishing Marginal Returns

Insider Activity at AppLovin

In related news, Director Eduardo Vivas sold 150,000 shares of AppLovin stock in a transaction on Monday, November 10th. The shares were sold at an average price of $650.91, for a total value of $97,636,500.00. Following the completion of the sale, the director owned 7,133,292 shares of the company’s stock, valued at approximately $4,643,131,095.72. The trade was a 2.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Vasily Shikin sold 27,143 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $545.38, for a total value of $14,803,249.34. Following the transaction, the chief technology officer directly owned 3,323,681 shares in the company, valued at approximately $1,812,669,143.78. This represents a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 340,336 shares of company stock valued at $200,062,623. Corporate insiders own 13.66% of the company’s stock.

AppLovin Stock Down 2.5%

APP stock opened at $617.24 on Wednesday. The firm’s 50-day moving average is $638.84 and its two-hundred day moving average is $539.20. The company has a market capitalization of $208.60 billion, a price-to-earnings ratio of 74.91, a price-to-earnings-growth ratio of 2.09 and a beta of 2.50. AppLovin Corporation has a 52 week low of $200.50 and a 52 week high of $745.61. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38.

AppLovin (NASDAQ:APP) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.11. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. AppLovin’s revenue was up 68.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 EPS. On average, analysts forecast that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year.

AppLovin Company 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.