Federated Hermes Inc. Sells 401,340 Shares of AppLovin Corporation $APP

Federated Hermes Inc. cut its holdings in AppLovin Corporation (NASDAQ:APP) by 80.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,662 shares of the company’s stock after selling 401,340 shares during the quarter. Federated Hermes Inc.’s holdings in AppLovin were worth $70,174,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Norges Bank purchased a new position in AppLovin during the second quarter worth $951,541,000. Rakuten Investment Management Inc. bought a new stake in shares of AppLovin in the 3rd quarter worth about $1,456,108,000. Jennison Associates LLC boosted its stake in shares of AppLovin by 55.2% during the 3rd quarter. Jennison Associates LLC now owns 3,886,150 shares of the company’s stock worth $2,792,355,000 after purchasing an additional 1,381,970 shares during the period. National Pension Service grew its holdings in AppLovin by 82.2% during the 2nd quarter. National Pension Service now owns 790,271 shares of the company’s stock valued at $276,658,000 after purchasing an additional 356,443 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in AppLovin by 235.5% in the 3rd quarter. Voya Investment Management LLC now owns 496,560 shares of the company’s stock worth $356,800,000 after purchasing an additional 348,548 shares during the period. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on APP shares. Benchmark raised their price objective on shares of AppLovin from $700.00 to $775.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. BTIG Research reiterated a “buy” rating and issued a $771.00 price target on shares of AppLovin in a report on Wednesday, December 17th. UBS Group set a $800.00 price objective on AppLovin in a report on Tuesday, January 13th. Royal Bank Of Canada upped their price objective on AppLovin from $700.00 to $750.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, Wedbush lifted their target price on AppLovin from $745.00 to $800.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $706.45.

AppLovin Stock Performance

Shares of AppLovin stock opened at $542.36 on Thursday. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38. The stock’s fifty day moving average price is $635.31 and its 200-day moving average price is $564.95. The firm has a market cap of $183.29 billion, a P/E ratio of 65.82, a P/E/G ratio of 1.79 and a beta of 2.50. AppLovin Corporation has a 12 month low of $200.50 and a 12 month high of $745.61.

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

Trending Headlines about AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Needham upgraded APP to Buy and set a $700 price target, citing an ecommerce growth inflection that could drive further revenue upside. Needham upgrade
• Positive Sentiment: Analyst coverage and consensus price targets remain well above recent levels (MarketBeat notes analyst targets implying substantial upside), which provides support amid the sell‑off. MarketBeat analyst outlook
• Positive Sentiment: Recent coverage from Zacks highlighted a session where APP outperformed the market, reflecting pockets of buyer interest despite headlines. Zacks note
• Neutral Sentiment: Public short‑interest posts for late January show anomalous “0 shares / NaN” entries and 0.0 days‑to‑cover — data appears erroneous and isn’t meaningful for current positioning. (Market liquidity remains high.)
• Neutral Sentiment: General coverage pieces (e.g., Yahoo’s Wall Street roundups) are debating bullish vs. bearish catalysts, which may amplify intraday volatility but don’t add new forensic evidence. Yahoo roundup
• Negative Sentiment: CapitalWatch’s short report accuses AppLovin of facilitating money‑laundering via shareholder‑linked entities; the report triggered a sharp sell‑off and is the primary driver of today’s downside. CapitalWatch report
• Negative Sentiment: AppLovin has publicly demanded CapitalWatch retract the report and called the allegations conspiratorial, but the controversy has attracted class‑action attention (Pomerantz investigation), increasing legal and reputational risk. CNBC coverage of company response Pomerantz investor alert
• Negative Sentiment: Public skeptics including media commentary and Jim Cramer emphasize APP’s high valuation (one of the market’s richer P/E multiples), which could deter momentum investors and deepen sell‑pressure while headline risk persists. Jim Cramer comments

Insider Activity

In related news, CEO Arash Adam Foroughi sold 30,888 shares of AppLovin stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $520.29, for a total transaction of $16,070,717.52. Following the transaction, the chief executive officer directly owned 2,553,161 shares of the company’s stock, valued at $1,328,384,136.69. This trade represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Vasily Shikin sold 27,143 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $545.38, for a total value of $14,803,249.34. Following the sale, the chief technology officer owned 3,323,681 shares of the company’s stock, valued at approximately $1,812,669,143.78. This represents a 0.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 340,336 shares of company stock worth $200,062,623. Corporate insiders own 13.66% 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.