Carl Anderson’s Marcho Partners Is Investing In These 5 Stocks

3. AppLovin Corporation (NASDAQ:APP)

Marcho Partners’ Stake Value: $178.8 million
Percentage of Marcho Partners’ 13F Portfolio: 11.97%
Number of Hedge Fund Holders: 16

AppLovin Corporation (NASDAQ:APP) is a mobile technology company based in California that provides marketing and advertisement platforms for developers to publish and monetize their apps.

On October 19, Citi analyst Jason Bazinet raised his price target on AppLovin Corporation (NASDAQ:APP) to $112 from $81, and kept a Buy rating on the company’s shares.

During the second quarter 0f 2021, 16 hedge funds out of the 873 funds tracked by Insider Monkey held stakes in AppLovin Corporation (NASDAQ:APP) worth $987 million. Carl Anderson’s Marcho Partners reported owing over 2.3 million shares in the company, amounting to more than $178.8 million in worth and representing 11.97% of the fund’s portfolio value.