TD Asset Management Adds $45M in AppLovin Corporation ($APP)
TD Asset Management boosted its stake in AppLovin by 24.4%, reaching 447,808 shares.
Key Points
- TD Asset Management raised its AppLovin holdings by 24.4%, adding 87,856 shares to a total of 447,808 shares valued at $231.1 million.
- Shares of AppLovin traded near $516.06 on Wednesday, with a market cap of $173.1 billion and a P/E ratio of 44.84.
- Recent insider sales at AppLovin include CEO Arash Adam Foroughi selling shares, while analysts from firms like Raymond James and UBS maintain positive ratings.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
TD Asset Management has increased its stake in AppLovin Corporation (NasdaqGS: APP) by 24.4%, according to the latest Form 13F filing with the SEC. The fund added 87,856 shares during the period, bringing its total holdings to 447,808 shares, valued at approximately $231.1 million.
TD Asset Management vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in TD Asset Management's AppLovin Position
TD Asset Management boosted its position in AppLovin by acquiring an additional 87,856 shares. This increase brought the fund's total holdings to 447,808 shares, marking a 24.4% rise from the previous count of 359,952 shares. The reported value of the holdings is about $231.1 million.
Other Institutional Activity in AppLovin
BlackRock, Inc. reduced its holdings in AppLovin by 531,525 shares, leaving it with 23,640,172 shares valued at roughly $9.41 billion. Vanguard Capital Management LLC opened a new position, acquiring 16,750,884 shares worth about $6.67 billion. FMR LLC increased its stake by 2,600,386 shares to a total of 15,691,414 shares, valued at approximately $6.25 billion. State Street Corp trimmed its holdings by 137,514 shares, ending with 11,767,329 shares valued at $4.68 billion. Geode Capital Management, LLC added 121,369 shares, bringing its total to 7,288,372 shares, worth about $2.90 billion.
AppLovin Corporation Stock Up 62.4%
Shares of AppLovin Corporation traded near $516.06 on Wednesday. The company has a market capitalization of approximately $173.1 billion and a P/E ratio of 44.84. AppLovin's stock has seen a 52-week low of $325.58 and a high of $745.61. The 50-day moving average is $497.33, while the 200-day moving average stands at $540.61. The company has a current ratio of 3.24 and a quick ratio of 3.16, with a debt-to-equity ratio of 162.89.
$APP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
AppLovin reported revenue of $6.16 billion, reflecting a growth rate of 0.59. The company's net margin stands at 64.29%, with a return on equity of 2.66. AppLovin's next earnings report is expected on August 6, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
4 target raises vs 1 cuts.
-
EPS & revenue
EPS beat estimates by 3.6%. Revenue beat estimates by 3.3%.
-
Profit surprise
EBITDA met by 1 percent. Operating income beat by 7 percent.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
4 target raises, 1 target cut.
-
Earnings quality
Gross margin up 2.0 points. Operating margin up 5.7 points. Positive free cash flow.
Earnings Call Summary
AppLovin delivered 1.84 billion dollars in revenue, up 59 percent year over year, and beat guidance again. The gaming business remains strong while the consumer vertical is growing faster, with March spending 25 percent higher than January and April setting a record month. Management is excited about opening the platform to the public in June and seeing new game developers adopt ad monetization alongside in-app purchases.
Guidance AppLovin guided for 1.915 to 1.945 billion dollars in second-quarter revenue, up 52 to 55 percent year over year. They expect adjusted EBITDA margin around 84 to 85 percent. Management said the consumer vertical is accelerating fast and the June platform launch to the public will unlock much larger growth.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Insider Buying and Selling at AppLovin Corporation
Recent insider activity at AppLovin shows significant sales. On June 16, 2026, Eduardo Vivas sold 163,910 shares under a planned transaction. CEO Arash Adam Foroughi sold a series of shares: 41,667 shares on June 12 at an average price of $489.03, 41,666 shares on June 11 at $484.75, and 20,833 shares on June 10 at $503.91, along with 16,667 shares at no cost on the same day. Victoria Valenzuela, Chief Administrative and Legal Officer & Corporate Secretary, sold 20,000 shares on June 4 at $565.89.
Analysts Set New Price Targets
On June 29, 2026, Raymond James initiated coverage on AppLovin with a 'buy' rating and a price target of $640. Macquarie, UBS, JP Morgan, and others maintained their ratings in May, with targets ranging from $515 to $750. The consensus among analysts is a 'strong buy', with an average target price of $650.3 based on 30 analyst opinions.
About AppLovin
AppLovin Corporation, based in Palo Alto, California, provides AI-powered advertising solutions. It operates through its Advertising and Apps segments, offering tools like Axon Ads Manager for marketing automation, MAX for in-app bidding, Adjust for analytics, and Wurl for connected TV platforms. Led by CEO Adam Arash Foroughi, AppLovin serves a wide range of clients, including advertisers, app publishers, and indie developers, and employs 876 people.
Bottom Line
Investors are watching AppLovin as TD Asset Management increases its stake, reflecting confidence in the company's growth potential. The latest 13F filing shows a backward-looking view of holdings as of the reporting period, not necessarily current positions. AppLovin's strong market presence and analyst endorsements make it a stock to follow closely.
Get AppLovin Corporation alerts
New 13F filings, insider trades, and analyst moves on $APP, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.