Ensign Peak Advisors Reduces $49M in AppLovin Corporation ($APP)
Key Points
- Ensign Peak Advisors changed its AppLovin Corporation ($APP) stake by 19.67% last quarter, cutting to 390,585 shares worth $201.57 million.
- Wall Street's consensus rating on $APP is Buy and an average price target of $522.29.
- $APP last traded around $516.06.
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Ensign Peak Advisors reduced its position in AppLovin Corporation ($APP) by 19.67% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 390,585 shares of AppLovin Corporation after selling 95,641 shares during the quarter. Ensign Peak Advisors's holdings in AppLovin Corporation were worth $201.57 million as of its most recent filing.
AppLovin Corporation Stock Up 62.4%
Shares of AppLovin Corporation ($APP) traded around $516.06 on Saturday, up 62.4% for the day.
AppLovin Corporation Earnings
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About AppLovin Corporation
AppLovin Corporation provides end-to-end artificial intelligence-powered advertising solutions for businesses in the United States and internationally. It operates through two segments, Advertising and Apps. The company offers Axon Ads Manager, a suite of marketing solutions that enables developers to automate, optimize, and manage marketing efforts; MAX, an in-app bidding technology that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform; and Wurl, a connected TV platform, which distributes streaming video for content companies, provides advertising and publishing solutions. It serves individuals, small and independent businesses, enterprises, advertisers and advertising networks, mobile app publishers, and indie studio developers. The company was incorporated in 2011 and is headquartered in Palo Alto, California.
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