58,541 AppLovin Corporation $APP Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama raised its position in AppLovin Corporation (NASDAQ:APP) by 103.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,059 shares of the company’s stock after acquiring an additional 58,541 shares during the period. Retirement Systems of Alabama’s holdings in AppLovin were worth $33,417,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. raised its stake in shares of AppLovin by 25.4% in the third quarter. University of Texas Texas AM Investment Management Co. now owns 8,195 shares of the company’s stock valued at $2,380,000 after purchasing an additional 1,659 shares in the last quarter. Paragon Advisors LLC lifted its position in AppLovin by 32.1% in the third quarter. Paragon Advisors LLC now owns 6,167 shares of the company’s stock worth $1,791,000 after purchasing an additional 1,498 shares during the period. Avantax Planning Partners Inc. bought a new position in AppLovin in the third quarter worth $1,099,000. Brighton Jones LLC boosted its stake in AppLovin by 56.8% during the third quarter. Brighton Jones LLC now owns 2,129 shares of the company’s stock worth $618,000 after buying an additional 771 shares in the last quarter. Finally, Candriam S.C.A. boosted its stake in AppLovin by 25.7% during the third quarter. Candriam S.C.A. now owns 43,274 shares of the company’s stock worth $12,568,000 after buying an additional 8,838 shares in the last quarter. Institutional investors own 41.85% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on APP. Royal Bank Of Canada boosted their price target on shares of AppLovin from $500.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, November 5th. Oppenheimer restated an “outperform” rating and issued a $520.00 price objective (up from $490.00) on shares of AppLovin in a research note on Thursday, November 5th. HSBC reduced their price objective on shares of AppLovin from $450.00 to $409.00 and set a “buy” rating for the company in a report on Monday, October 5th. BTIG Research lifted their target price on shares of AppLovin from $396.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Finally, Bank of America cut shares of AppLovin from a “buy” rating to a “neutral” rating and lowered their target price for the company from $430.00 to $400.00 in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $497.93.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin reported third-quarter revenue of $2.18 billion, up 55.5% year over year, and earnings per share of $4.30, above the $4.03 consensus estimate. Coverage also highlighted upbeat fourth-quarter guidance and triple-digit growth in e-commerce advertiser spending, reinforcing the growth case. Article: AppLovin: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Recent commentary suggests investors are weighing the pace and durability of growth—not just the roughly 50% year-over-year revenue increase—including quarter-to-quarter trends and elevated expectations after the post-earnings rally. Article: AppLovin stock volatility and revenue growth
• Negative Sentiment: Multiple law firms publicized a securities class action and a November 16 lead-plaintiff deadline. The lawsuit alleges AppLovin misled investors about the readiness, adoption, and consistency of improvements in its AI models and self-service advertising tools. These are allegations, not proven findings, but the litigation and related credibility concerns could weigh on sentiment. Article: AppLovin Facing Securities Fraud Class Action

AppLovin Trading Down 3.5%

Shares of APP opened at $395.51 on Wednesday. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 1.07. The stock has a market cap of $132.36 billion, a PE ratio of 26.62, a PEG ratio of 0.83 and a beta of 2.51. AppLovin Corporation has a 1 year low of $225.19 and a 1 year high of $738.01. The stock has a 50 day simple moving average of $296.87 and a 200-day simple moving average of $408.66.

AppLovin (NASDAQ:APP) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $4.30 EPS for the quarter, beating the consensus estimate of $4.03 by $0.27. AppLovin had a return on equity of 182.97% and a net margin of 65.89%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the firm earned $2.45 EPS. AppLovin’s quarterly revenue was up 55.5% on a year-over-year basis. On average, sell-side analysts predict that AppLovin Corporation will post 16.25 EPS for the current fiscal year.

About AppLovin

AppLovin is a technology company that provides software to help mobile app developers and advertisers grow their businesses. Its platform connects advertisers seeking users with app publishers looking to monetize their audiences, using data and machine-learning tools to support advertising and user acquisition. The company’s products include AXON, its advertising optimization engine; AppDiscovery, which helps advertisers find and acquire users; and MAX, a platform for managing in-app advertising.