New York Life Investment Management LLC Buys 1,172 Shares of AppLovin Corporation $APP

New York Life Investment Management LLC lifted its stake in shares of AppLovin Corporation (NASDAQ:APP) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,013 shares of the company’s stock after purchasing an additional 1,172 shares during the quarter. New York Life Investment Management LLC’s holdings in AppLovin were worth $25,614,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new stake in shares of AppLovin during the fourth quarter worth $27,000. Washington Trust Advisors Inc. increased its holdings in shares of AppLovin by 160.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock worth $27,000 after buying an additional 24 shares in the last quarter. Chilton Capital Management LLC bought a new position in shares of AppLovin in the 3rd quarter valued at $29,000. Activest Wealth Management boosted its holdings in shares of AppLovin by 760.0% during the 3rd quarter. Activest Wealth Management now owns 43 shares of the company’s stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of AppLovin during the 4th quarter valued at $32,000. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APP. Oppenheimer lowered their target price on AppLovin from $740.00 to $660.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. Arete Research set a $340.00 price target on AppLovin and gave the company a “neutral” rating in a research note on Monday, March 2nd. Benchmark restated a “buy” rating on shares of AppLovin in a report on Friday, March 6th. Evercore reaffirmed a “buy” rating on shares of AppLovin in a research note on Friday, January 30th. Finally, Argus started coverage on shares of AppLovin in a research report on Tuesday, April 14th. They set a “buy” rating and a $520.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, AppLovin presently has an average rating of “Moderate Buy” and a consensus target price of $664.35.

Insiders Place Their Bets

In other news, CEO Arash Adam Foroughi sold 40,704 shares of AppLovin stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $459.85, for a total value of $18,717,734.40. Following the completion of the transaction, the chief executive officer directly owned 2,430,414 shares of the company’s stock, valued at approximately $1,117,625,877.90. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Vasily Shikin sold 5,231 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $477.47, for a total value of $2,497,645.57. Following the completion of the transaction, the chief technology officer directly owned 30,658 shares in the company, valued at $14,638,275.26. This represents a 14.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 365,244 shares of company stock worth $169,584,607. Company insiders own 13.66% of the company’s stock.

AppLovin Stock Up 7.0%

Shares of NASDAQ APP opened at $485.16 on Friday. The company’s 50 day moving average price is $446.90 and its 200-day moving average price is $529.33. The company has a debt-to-equity ratio of 1.49, a quick ratio of 3.24 and a current ratio of 3.24. AppLovin Corporation has a 52-week low of $320.00 and a 52-week high of $745.61. The company has a market capitalization of $163.63 billion, a P/E ratio of 41.68, a price-to-earnings-growth ratio of 0.74 and a beta of 2.37.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.12. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the company posted $1.67 earnings per share. AppLovin’s revenue for the quarter was up 58.9% compared to the same quarter last year. Equities analysts forecast that AppLovin Corporation will post 15.86 earnings per share for the current year.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Piper Sandler raised its price target on AppLovin to $665 from $650 and reiterated an Overweight rating, citing the company’s strong revenue beat and continued momentum in its core business. AppLovin (APP) Price Target Raised by Piper Sandler to $665
• Positive Sentiment: Recent coverage said AppLovin’s latest earnings quality was strong, even though the stock reaction was described as subdued, suggesting investors may still be reassessing the longer-term upside from the report. Shareholders Will Be Pleased With The Quality of AppLovin’s (NASDAQ:APP) Earnings
• Positive Sentiment: Multiple articles highlighted AppLovin as an AI-linked growth winner with surging revenue, keeping investor focus on its ability to sustain rapid earnings expansion. Is AppLovin Stock a Buy as Revenue Continues to Surge?
• Neutral Sentiment: Several broader market and stock-picking articles mentioned AppLovin alongside other growth and hedge-fund favorites, adding to visibility but not providing a direct new catalyst for the shares. AppLovin and 6 More Stock Picks by Einhorn and Other Hedge Fund Managers
• Neutral Sentiment: Commentary comparing AppLovin with The Trade Desk mainly framed it as a digital advertising growth leader, but it was more of an industry discussion than a company-specific driver. The Trade Desk vs. AppLovin: What Do Their Quarterly Revenue Trajectories Tell Investors?
• Negative Sentiment: One piece noted the stock’s reaction to earnings was somewhat muted, which can signal that some investors want more proof that recent growth can continue at the same pace. Shareholders Will Be Pleased With The Quality of AppLovin’s (NASDAQ:APP) Earnings

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.