State Street Reduces $66M in AppLovin Corporation ($APP)
Key Points
- State Street changed its AppLovin Corporation ($APP) stake by 1.2% last quarter, cutting to 11,767,329 shares worth $5.63 billion.
- Wall Street's consensus rating on $APP is Strong Buy and an average price target of $648.10.
- $APP last traded around $478.28.
State Street trimmed its position in AppLovin Corporation ($APP) by 1.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,767,329 shares of AppLovin Corporation after selling 137,514 shares during the quarter. State Street's holdings in AppLovin Corporation were worth $5.63 billion as of its most recent filing.
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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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