Understanding the Tailwind Behind AppLovin Shares.

After this afternoon's 6.7% surge to $73.82 per share, AppLovin might just keep moving past its target price of $73.16. With an average analyst rating of buy, and target prices from $38.0 to $88.0, the stock's next move is anyone's guess.

The stock has an above average percentage of its shares sold short at 8.3%, and a short ratio of 5.21. The company's insiders own 31.08% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 53.7% of AppLovin's shares being owned by this investor type.

Institutions Invested in AppLovin

Date Reported Holder Percentage Shares Value
2023-12-31 GQG Partners LLC 9% 25,689,782 $1,896,419,699
2023-12-31 Vanguard Group Inc 6% 15,438,728 $1,139,686,896
2023-12-31 Blackrock Inc. 3% 8,718,242 $643,580,621
2024-03-31 WCM Investment Management, LLC 3% 7,187,062 $530,548,914
2023-12-31 SVB Wealth LLC 3% 7,018,096 $518,075,844
2023-12-31 Spruce House Investment Management LLC 2% 5,000,000 $369,099,998
2023-12-31 Kohlberg Kravis Roberts & Co. L.P. 2% 4,449,890 $328,490,878
2024-03-31 Sapient Capital LLC 1% 3,948,852 $291,504,253
2023-12-31 NetEase, Inc. 1% 3,513,331 $259,354,093
2023-12-31 State Street Corporation 1% 3,124,932 $230,682,479

Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on AppLovin.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.