ApplovinAPP
Market Cap: 25.5B
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 Q1 SEC filings by fund managers ($100M+ AUM)
228% more first-time investments, than exits
New positions opened: 190 | Existing positions closed: 58
103% more capital invested
Capital invested by funds: $5.63B [Q4 2023] → $11.4B (+$5.81B) [Q1 2024]
78% more call options, than puts
Call options by funds: $569M | Put options by funds: $319M
56% more funds holding in top 10
Funds holding in top 10: 16 [Q4 2023] → 25 (+9) [Q1 2024]
44% more repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 114
36% more funds holding
Funds holding: 364 [Q4 2023] → 496 (+132) [Q1 2024]
7.77% more ownership
Funds ownership: 53.34% [Q4 2023] → 61.11% (+7.77%) [Q1 2024]
Research analyst outlook
18 Wall Street Analysts provided 1 year price forecasts over the past 6 months
18 analyst ratings
Oppenheimer Martin Yang | 25%upside $97 | Outperform Maintained | 13 Jun 2024 |
Citigroup Jason Bazinet | 26%upside $98 | Buy Maintained | 10 May 2024 |
Jefferies James Heaney | 35%upside $105 | Buy Maintained | 9 May 2024 |
Oppenheimer Martin Yang | 25%upside $97 | Outperform Maintained | 9 May 2024 |
BTIG Clark Lampen | 29%upside $100 | Buy Maintained | 9 May 2024 |
Financial journalist opinion
Based on 22 articles about APP published over the past 30 days