SCHEDULE 13G/A: BlackRock Amends AppLovin Corp. Stake, Discloses 5.4% Beneficial Ownership
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, revealing its beneficial ownership of 5.4% of AppLovin Corp.'s Class A Stock as of March 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in AppLovin Corp.
- As of March 31, 2025, BlackRock beneficially owns 16,722,404 shares of AppLovin Corp.'s Class A Stock.
- This represents 5.4% of the Class A Stock outstanding.
- BlackRock holds sole voting power over 15,384,876 shares and sole dispositive power over 16,722,404 shares.
- No shared voting or dispositive power is reported.
- BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 6
Explanation: Neutral to slightly positive. It's a routine disclosure of a significant institutional stake, which is generally a positive sign of investor confidence, but it doesn't provide new operational or financial performance insights.
Positives
- BlackRock, a major institutional investor, maintains a significant beneficial ownership stake of 5.4% in AppLovin Corp., indicating continued institutional interest.
- The filing confirms BlackRock's passive investment intent, stating the shares are held in the ordinary course of business and not for control purposes.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of institutional ownership by BlackRock, one of the world's largest asset managers, in AppLovin Corp., a company operating in the mobile app and advertising technology sector. Such filings are common and reflect ongoing portfolio management by large investment firms.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney revoked. |
| 2025-01-21 | Effective date of the new Power of Attorney. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting date for ownership). |
| 2025-04-17 | Date of signature for the Schedule 13G filing. |
Keywords
AppLovin Corp, BlackRock, Schedule 13G, beneficial ownership, Class A Stock, institutional investment, passive investment
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