2,228 Shares in AppLovin Corporation $APP Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI purchased a new stake in AppLovin Corporation (NASDAQ:APP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,228 shares of the company’s stock, valued at approximately $1,148,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in shares of AppLovin by 111.1% during the 3rd quarter. State Street Corp now owns 11,852,466 shares of the company’s stock valued at $8,516,471,000 after purchasing an additional 6,237,051 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in AppLovin by 3,118.6% in the fourth quarter. Corient Private Wealth LLC now owns 4,194,071 shares of the company’s stock valued at $2,826,049,000 after acquiring an additional 4,063,763 shares in the last quarter. Norges Bank purchased a new position in shares of AppLovin during the fourth quarter valued at about $2,040,321,000. Bank of New York Mellon Corp bought a new position in shares of AppLovin in the 2nd quarter worth approximately $730,015,000. Finally, Northern Trust Corp lifted its position in AppLovin by 46.8% during the third quarter. Northern Trust Corp now owns 2,374,460 shares of the company’s stock valued at $1,706,144,000 after buying an additional 756,660 shares during the period. Hedge funds and other institutional investors own 41.85% of the company’s stock.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Benchmark Co. maintained a “buy” rating while lowering its price target from $500 to $440. The revised target still implies substantial potential upside, suggesting the analyst believes the recent selloff has created an attractive entry point. Benchmark lowers AppLovin price target while maintaining buy rating
• Positive Sentiment: AppLovin’s AXON advertising engine and strong cash-flow profile remain key parts of the bullish case. The company has also generated significant shareholder returns over the past three years, despite its recent pullback. AppLovin stock looks cheap on earnings
• Positive Sentiment: Brokerages continue to view AppLovin favorably overall, assigning the stock a consensus “moderate buy” recommendation. AppLovin receives moderate buy consensus
• Neutral Sentiment: Valuation screens are mixed: AppLovin may look inexpensive based on earnings or cash flow after the decline, but its premium growth expectations mean investors still need confidence in continued AXON expansion. AppLovin offers attractive cash-flow multiple
• Negative Sentiment: Broader demand-side advertising technology has remained under pressure, with weakness at peers such as The Trade Desk reinforcing concerns about advertising budgets and sector demand. Demand-side ad tech pressures AppLovin
• Negative Sentiment: Recent revenue came in below expectations, and investor discussions are increasingly focused on what is driving AppLovin’s decline and whether growth can meet elevated forecasts. The stock’s sharp short-term fall reflects reduced confidence, even though its latest quarterly revenue still grew strongly year over year. What is behind AppLovin’s decline

AppLovin Trading Down 1.5%

Shares of NASDAQ APP opened at $307.26 on Wednesday. AppLovin Corporation has a twelve month low of $303.17 and a twelve month high of $745.61. The business has a fifty day simple moving average of $438.54 and a two-hundred day simple moving average of $452.21. The firm has a market cap of $102.82 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 0.63 and a beta of 2.54. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $3.76. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the firm earned $2.39 EPS. The company’s quarterly revenue was up 52.8% compared to the same quarter last year. Analysts expect that AppLovin Corporation will post 15.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

APP has been the subject of several analyst reports. KeyCorp set a $775.00 price target on AppLovin in a report on Wednesday, June 10th. Weiss Ratings upgraded shares of AppLovin from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $660.00 target price on shares of AppLovin in a research report on Thursday, May 7th. Scotiabank restated a “sector outperform” rating and set a $515.00 price objective on shares of AppLovin in a research report on Thursday, August 6th. Finally, Citigroup reduced their price objective on shares of AppLovin from $710.00 to $650.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $557.83.

Insider Activity

In other AppLovin news, Director Eduardo Vivas sold 163,910 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $504.06, for a total transaction of $82,620,474.60. Following the completion of the sale, the director owned 6,785,087 shares of the company’s stock, valued at $3,420,090,953.22. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew Stumpf sold 9,052 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $600.00, for a total value of $5,431,200.00. Following the transaction, the chief financial officer owned 177,450 shares of the company’s stock, valued at $106,470,000. This trade represents a 4.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 393,000 shares of company stock worth $197,297,363. Insiders own 12.81% of the company’s stock.

AppLovin 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.