<div id="readability-page-1">State of Michigan Retirement System raised its stake in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 1,742.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,400 shares of the company's stock after purchasing an additional 73,200 shares during the quarter. State of Michigan Retirement System's holdings in AppLovin were worth $55,615,000 at the end of the most recent reporting period.<ul><li>AppLovin Faces Money-Laundering Claims—Here’s What’s Missing</li></ul>Other institutional investors have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA bought a new stake in shares of AppLovin during the 2nd quarter valued at about $26,000. Chilton Capital Management LLC bought a new position in AppLovin in the third quarter worth about $29,000. Activest Wealth Management lifted its holdings in AppLovin by 760.0% in the third quarter. Activest Wealth Management now owns 43 shares of the company's stock worth $31,000 after buying an additional 38 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in AppLovin during the 2nd quarter valued at approximately $33,000. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of AppLovin during the 3rd quarter worth approximately $33,000. 41.85% of the stock is currently owned by institutional investors. <h2>AppLovin Price Performance</h2>APP opened at $406.72 on Friday. The firm has a market cap of $137.45 billion, a PE ratio of 49.36, a P/E/G ratio of 1.24 and a beta of 2.49. The stock has a 50-day moving average price of $619.83 and a 200-day moving average price of $567.95. AppLovin Corporation has a 1 year low of $200.50 and a 1 year high of $745.61. The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. <ul><li>Unity Software Is Falling—So Why Are Pros Getting More Bullish?</li></ul>AppLovin (NASDAQ:APP - Get Free Report) 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. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The business's revenue was up 68.2% on a year-over-year basis. Sell-side analysts predict that AppLovin Corporation will post 6.87 earnings per share for the current fiscal year. <h2>Analysts Set New Price Targets</h2>Several brokerages have recently issued reports on APP. Scotiabank increased their target price on AppLovin from $575.00 to $750.00 and gave the stock an &#34;outperform&#34; rating in a research report on Thursday, November 6th. Zacks Research upgraded AppLovin from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Thursday, January 1st. Weiss Ratings cut shares of AppLovin from a &#34;buy (b-)&#34; rating to a &#34;hold (c+)&#34; rating in a report on Thursday, January 15th. Jefferies Financial Group upped their target price on shares of AppLovin from $800.00 to $860.00 and gave the stock a &#34;buy&#34; rating in a research report on Thursday, December 11th. Finally, UBS Group set a $800.00 price target on shares of AppLovin in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, AppLovin currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $691.23.<ul><li>MarketBeat Week in Review – 12/15 - 12/19</li></ul>Check Out Our Latest Analysis on APP<h2>Key AppLovin News</h2>Here are the key news stories impacting AppLovin this week:<ul> <li>Positive Sentiment: Piper Sandler reiterated an Overweight rating and an $800 price target, arguing Google’s Project Genie and other competitive fears are overblown and pointing to compelling valuation and favorable gaming trends. Why Piper Sandler Says Google’s Project Genie Isn’t a Threat to AppLovin (APP)</li> <li>Positive Sentiment: Wedbush reiterated that structural moats for AppLovin and Unity remain intact despite competitors’ new product launches, supporting upside from durable ad/gaming market positions. AppLovin, Unity's structural moats are 'intact,' despite CloudX launch: Wedbush</li> <li>Positive Sentiment: Zacks notes overall Wall Street analyst optimism—useful because buy-side/sell-side reaffirmations can stabilize sentiment after recent volatility tied to short reports and litigation. Is AppLovin (APP) a Buy as Wall Street Analysts Look Optimistic?</li> <li>Neutral Sentiment: Longer-term price forecasts and models are being updated (multi‑year projections published), which may influence investor expectations but are speculative and time‑horizon dependent. AppLovin NASDAQ: APP Stock Price Prediction and Forecast 2026-2030 (Feb 6)</li> <li>Neutral Sentiment: Routine financial-comparison pieces are circulating (peer/metrics comparisons) — informative for longer-term investors but unlikely to move the tape immediately. Financial Comparison: AppLovin NASDAQ: APP vs. Bbhc OTCMKTS: TRNX</li> <li>Negative Sentiment: Heightened bearish commentary: a Seeking Alpha author moved to a sell rating after the CloudX launch, arguing competitive risk justifies a downgrade and pressuring sentiment. Why I'm Moving To A Sell On AppLovin Following The CloudX Launch (Rating Downgrade)</li> <li>Negative Sentiment: Coverage highlighting “far more worries than a short seller’s report” amplifies uncertainty around legal, governance and competitive issues—these narrative risks can further weigh on the stock until clarified. AppLovin has far more worries than a short seller's report</li> <li>Negative Sentiment: Unusually large put-option volume (121,413 puts; ~+80% vs. typical) signals elevated hedging or directional bearish bets, which increases downward pressure on short-term price dynamics.</li> </ul><h2>Insider Buying and Selling</h2>In other AppLovin news, CTO Vasily Shikin sold 27,143 shares of AppLovin 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 completion of 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 trade represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through this link. Also, Director Eduardo Vivas sold 150,000 shares of the business's stock in a transaction on Monday, November 10th. The stock was sold at an average price of $650.91, for a total value of $97,636,500.00. Following the completion of the transaction, the director owned 7,133,292 shares of the company's stock, valued at $4,643,131,095.72. This represents a 2.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 337,986 shares of company stock worth $198,669,261 in the last three months. Insiders own 13.66% of the company's stock. <h2>AppLovin Profile</h2> (Free Report)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.<h2>Featured Stories</h2><ul><li>Five stocks we like better than AppLovin</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li><li>The day the gold market broke</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>Your Bank Account Is No Longer Safe</li><li>Buy this stock tomorrow?</li></ul><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVBQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVBQ"/>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.<h2>Should You Invest $1,000 in AppLovin Right Now?</h2>Before you consider AppLovin, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AppLovin wasn't on the list.While AppLovin currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here </div>

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State of Michigan Retirement System increased its stake in AppLovin Corporation (NASDAQ:APP) by 1,742.9% in Q3, acquiring 73,200 shares, bringing total holdings to 77,400 shares valued at $55.6 million. Other institutional investors also adjusted their stakes. AppLovin reported Q3 earnings of $2.45 per share, exceeding estimates, with revenue up 68.2% year-over-year. Analysts have set a consensus target price of $691.23, with a majority rating it as a "Moderate Buy."

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State of Michigan Retirement System Buys 73,200 Shares of AppLovin Corporation $APP