ApplovinAPP
Market Cap: $28.3B
About: AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
Employees: 1,745
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
163% more first-time investments, than exits
New positions opened: 147 | Existing positions closed: 56
107% more call options, than puts
Call options by funds: $727M | Put options by funds: $351M
60% more repeat investments, than reductions
Existing positions increased: 253 | Existing positions reduced: 158
29% more capital invested
Capital invested by funds: $11.6B [Q1] → $15B (+$3.33B) [Q2]
18% more funds holding
Funds holding: 502 [Q1] → 593 (+91) [Q2]
3.49% more ownership
Funds ownership: 62.11% [Q1] → 65.6% (+3.49%) [Q2]
4% less funds holding in top 10
Funds holding in top 10: 25 [Q1] → 24 (-1) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Benchmark Mark Zgutowicz 57% 1-year accuracy 34 / 60 met price target | 22%downside $66 | Sell Maintained | 23 Aug 2024 |
Oppenheimer Martin Yang 76% 1-year accuracy 19 / 25 met price target | 24%upside $105 | Outperform Reiterated | 8 Aug 2024 |
Wedbush Nick McKay 87% 1-year accuracy 26 / 30 met price target | 6%upside $90 | Outperform Maintained | 8 Aug 2024 |
Wedbush Nick McKay 87% 1-year accuracy 26 / 30 met price target | 18%upside $100 | Outperform Reiterated | 29 Jul 2024 |
Oppenheimer Martin Yang 76% 1-year accuracy 19 / 25 met price target | 15%upside $97 | Outperform Maintained | 13 Jun 2024 |
Financial journalist opinion
Based on 25 articles about APP published over the past 30 days