Wcm Investment Management Adds $127M in AppLovin Corporation ($APP)
Key Points
- Wcm Investment Management changed its AppLovin Corporation ($APP) stake by 5.16% last quarter, boosting to 5,001,600 shares worth $2.58 billion.
- Wall Street's consensus rating on $APP is Buy and an average price target of $522.29.
- $APP last traded around $516.06.
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Wcm Investment Management increased its position in AppLovin Corporation ($APP) by 5.16% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,001,600 shares of AppLovin Corporation after buying 245,290 shares during the quarter. Wcm Investment Management's holdings in AppLovin Corporation were worth $2.58 billion as of its most recent filing.
AppLovin Corporation Stock Up 62.4%
Shares of AppLovin Corporation ($APP) traded around $516.06 on Saturday, up 62.4% for the day.
AppLovin Corporation Earnings
Analysts Set New Price Targets
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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