<div id="readability-page-1"><p>Diker Management LLC purchased a new position in shares of  AppLovin Corporation (NASDAQ:APP - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,000 shares of the company's stock, valued at approximately $700,000. AppLovin accounts for about  0.7% of Diker Management LLC's portfolio, making the stock its 23rd biggest position.</p><ul><li>Is Appian The AI Play Investors Have Completely Missed?</li></ul><p>Other institutional investors and hedge funds also recently modified their holdings of the company. Hilltop National Bank bought a new stake in shares of  AppLovin during the second quarter valued at about $26,000.  LFA Lugano Financial Advisors SA acquired a new position in  AppLovin during the 2nd quarter valued at about $26,000.  Twin Peaks Wealth Advisors LLC bought a new stake in shares of  AppLovin during the 2nd quarter worth about $33,000.  Hoey Investments Inc. bought a new stake in shares of  AppLovin during the 2nd quarter worth about $35,000.  Finally, Trust Co. of Vermont acquired a new stake in shares of  AppLovin in the 2nd quarter worth approximately $35,000. Institutional investors own  41.85% of the company's stock. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of research analysts recently commented on the stock. Weiss Ratings  reiterated a &#34;buy (b-)&#34; rating on shares of AppLovin in a research note on Monday. Deutsche Bank Aktiengesellschaft  set a $705.00 price target on AppLovin and gave the company a &#34;buy&#34; rating in a research report on Wednesday, October 22nd. Zacks Research lowered AppLovin from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Monday, October 6th. JPMorgan Chase &amp; Co. raised their target price on AppLovin from $425.00 to $650.00 and gave the company a &#34;neutral&#34; rating in a research note on Thursday, November 6th. Finally, Needham &amp; Company LLC  reiterated a &#34;hold&#34; rating on shares of AppLovin in a research report on Tuesday, August 26th. Nineteen equities research analysts have rated the stock with a Buy rating, four have issued  a Hold rating and one  has issued  a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock  has an average rating of &#34;Moderate Buy&#34; and an average target price of $679.85.</p><ul><li>$5B+ in Buybacks: What DraftKings, AppLovin, and Altria Are Telling You </li></ul><p><b>Check Out Our Latest Research Report on APP</b></p><h2>AppLovin Trading Down 2.9%</h2><p>NASDAQ:APP opened at $703.28 on Thursday. The stock has a fifty day simple moving average of $608.54 and a 200 day simple moving average of $497.18. The firm has a market capitalization of $237.68 billion, a price-to-earnings ratio of 85.35, a price-to-earnings-growth ratio of 3.89 and a beta of 2.51. AppLovin Corporation has a 1-year low of $200.50 and a 1-year high of $745.61. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38. </p><ul><li>Analysts Keep Raving Over AppLovin: Targets Rise Post-Earnings</li></ul><p>AppLovin (NASDAQ:APP - Get Free Report) last posted its quarterly earnings data 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 return on equity of 258.49% and a net margin of 51.27%.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 previous year, the company earned $1.29 EPS. The business's revenue for the quarter was up 68.2% compared to the same quarter last year.  Sell-side analysts forecast that  AppLovin Corporation will post 6.87 earnings per share for the current year. </p><h2>Insider Activity</h2><p>In related news, CTO Vasily Shikin sold 27,143 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, 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 SEC, which is accessible through this hyperlink. Also, CFO Matthew Stumpf sold 4,884 shares of the business's stock in a transaction on Friday, November 21st. The shares were sold at an average price of $515.76, for a total transaction of $2,518,971.84. Following the sale, the chief financial officer directly owned 191,161 shares in the company, valued at approximately $98,593,197.36. This trade represents a 2.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 332,727 shares of company stock worth $195,062,520 in the last quarter. Insiders own  13.66% of the company's stock. </p><h2>AppLovin Profile</h2> (Free Report)<p>AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than AppLovin</li><li>Using the MarketBeat Stock Split Calculator</li><li>Market Momentum: 3 Stocks Poised for Major Breakouts</li><li>How to Calculate Options Profits</li><li>3 Reasons Casey’s General Stores Will Continue Trending Higher</li><li>How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?</li><li>Golden Cross Alert: 3 Stocks With Major Upside Potential</li></ul><p><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"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in AppLovin Right Now?</h2><p>Before you consider AppLovin, you'll want to hear this.</p><p>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.</p><p>While AppLovin currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Diker Management LLC acquired 2,000 shares of AppLovin Corporation, valued at approximately $700,000, making it the 23rd largest position in their portfolio. Other institutional investors also modified their holdings. AppLovin's stock has a moderate buy rating with a target price of $679.85. Recent earnings exceeded expectations, with a 68.2% revenue increase year-over-year. Insiders, including the CTO and CFO, have sold shares recently.</p>

Diker Management LLC Buys New Stake in AppLovin Corporation $APP