<div id="readability-page-1"><p>Exchange Traded Concepts LLC trimmed its holdings in  AppLovin Corporation (NASDAQ:APP - Free Report) by 83.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor  owned 1,321 shares of the company's stock after selling 6,518 shares during the quarter. Exchange Traded Concepts LLC's holdings in AppLovin were worth $949,000 at the end of the most recent reporting period.</p><ul><li>MarketBeat Week in Review – 12/15 - 12/19</li></ul><p>Several other hedge funds and other institutional investors have also bought and sold shares of APP. Brighton Jones LLC grew its stake in shares of  AppLovin by 190.6% in the third quarter. Brighton Jones LLC now owns 1,334 shares of the company's stock worth $958,000 after acquiring an additional 2,806 shares during the period.  Salvus Wealth Management LLC bought a new position in  AppLovin during the third quarter valued at approximately $573,000.  Foster Group Inc. purchased a new stake in  AppLovin in the third quarter worth approximately $313,000.  Generali Investments CEE investicni spolecnost a.s. purchased a new stake in  AppLovin in the third quarter worth approximately $790,000.  Finally, JBR Co Financial Management Inc bought a new stake in  AppLovin in the 3rd quarter worth approximately $205,000. Institutional investors own  41.85% of the company's stock. </p><h2>Insider Buying and Selling</h2><p>In other AppLovin news, CEO Arash Adam Foroughi sold 30,888 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $520.29, for a total value of $16,070,717.52. Following the completion of the sale, the chief executive officer owned 2,553,161 shares in the company, valued at approximately $1,328,384,136.69. This represents a 1.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Vasily Shikin sold 27,143 shares of the firm's stock in a transaction dated 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 sale, the chief technology officer directly owned 3,323,681 shares in the company, valued at approximately $1,812,669,143.78. This represents a 0.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 340,336 shares of company stock valued at $200,062,623. Company insiders own  13.66% of the company's stock. </p><h2>AppLovin Trading Down 1.8%</h2><ul><li>Don’t Bet Against AppLovin: The Case Against the Shorts</li></ul><p>AppLovin stock opened at $714.23 on Monday. AppLovin Corporation has a 12-month low of $200.50 and a 12-month high of $745.61. The firm has a market capitalization of $241.37 billion, a price-to-earnings ratio of 86.68, a P/E/G ratio of 3.83 and a beta of 2.51. The firm has a 50 day moving average of $629.93 and a 200 day moving average of $524.28. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 2.38. </p><p>AppLovin (NASDAQ:APP - Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $2.34 by $0.11. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The company's revenue was up 68.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share.  As a group, research analysts predict that  AppLovin Corporation will post 6.87 earnings per share for the current year. </p><h2>Analysts Set New Price Targets</h2><ul><li>Is Appian The AI Play Investors Have Completely Missed?</li></ul><p>APP has been the topic of several research analyst reports. Royal Bank Of Canada increased their price target on AppLovin from $700.00 to $750.00 and gave the company an &#34;outperform&#34; rating in a report on Thursday, November 6th. Jefferies Financial Group upped their price objective on AppLovin from $800.00 to $860.00 and gave the company a &#34;buy&#34; rating in a research report on Thursday, December 11th. Wedbush increased their target price on AppLovin from $745.00 to $800.00 and gave the company an &#34;outperform&#34; rating in a report on Thursday, November 6th. Oppenheimer  set a $740.00 price target on AppLovin in a research note on Tuesday, October 7th. Finally, Scotiabank upped their price target on shares of AppLovin from $575.00 to $750.00 and gave the company an &#34;outperform&#34; rating in a research report on Thursday, November 6th. Nineteen investment analysts have rated the stock with a Buy rating, four have issued  a Hold rating and one  has issued  a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $695.90.</p><p><b>View Our Latest Research Report on AppLovin</b></p><h2>AppLovin Profile</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than AppLovin</li><li>Do not delete, read immediately</li><li>How the Rich Retire</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>How Long Will $1M Last in Retirement?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><strong>Want to see what other hedge funds are holding APP?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AppLovin Corporation (NASDAQ:APP - Free Report).</p><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>Exchange Traded Concepts LLC reduced its stake in AppLovin Corporation (NASDAQ:APP) by 83.1% in Q3, now holding 1,321 shares after selling 6,518 shares. The value of its holdings was approximately $949,000. Other institutional investors also adjusted their positions, with Brighton Jones LLC increasing its stake by 190.6%. CEO Arash Adam Foroughi and CTO Vasily Shikin sold significant shares recently. AppLovin's stock opened at $714.23, with a market cap of $241.37 billion and a P/E ratio of 86.68. Analysts have set new price targets, with Royal Bank of Canada raising theirs to $750.00.</p>

Exchange Traded Concepts LLC Reduces Position in AppLovin Corporation $APP