AppLovin Corporation $APP Stake Lessened by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC lessened its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 10.1% in the third quarter, Holdings Channel reports. The firm owned 218,244 shares of the company’s stock after selling 24,445 shares during the period. AppLovin accounts for 1.5% of Robertson Stephens Wealth Management LLC’s investment portfolio, making the stock its 13th biggest position. Robertson Stephens Wealth Management LLC’s holdings in AppLovin were worth $63,652,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of APP. State Street Corp lifted its position in AppLovin by 28.3% during the second quarter. State Street Corp now owns 15,095,667 shares of the company’s stock valued at $7,777,741,000 after buying an additional 3,328,338 shares in the last quarter. WCM Investment Management LLC grew its stake in AppLovin by 5.2% during the first quarter. WCM Investment Management LLC now owns 5,001,600 shares of the company’s stock worth $1,860,995,000 after buying an additional 245,290 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in AppLovin by 7.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,735,471 shares of the company’s stock worth $894,167,000 after buying an additional 121,605 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of AppLovin in the second quarter worth $730,015,000. Finally, Amundi increased its position in shares of AppLovin by 19.5% in the second quarter. Amundi now owns 1,332,633 shares of the company’s stock worth $686,612,000 after acquiring an additional 217,214 shares in the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Analyst Upgrades and Downgrades

APP has been the topic of a number of research reports. Arete Research raised their target price on shares of AppLovin from $340.00 to $406.00 and gave the company a “neutral” rating in a research note on Monday, June 22nd. William Blair set a $440.00 target price on shares of AppLovin in a report on Monday, August 17th. Morgan Stanley decreased their price target on shares of AppLovin from $450.00 to $400.00 and set an “overweight” rating for the company in a research report on Tuesday. Evercore reiterated an “outperform” rating and issued a $510.00 price target (down from $630.00) on shares of AppLovin in a report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on AppLovin from $660.00 to $580.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $511.32.

More AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Wedbush said its checks indicate advertisers maintained spending during the third quarter and could increase budgets in the fourth quarter as e-commerce activity improves. The firm views upcoming third-quarter results as an important test of AppLovin’s model updates. AppLovin Q3 seen by Wedbush as key test of model update
• Positive Sentiment: Some commentary remains constructive, highlighting AppLovin’s ability to convert artificial-intelligence technology into profitable advertising applications and its potential expansion beyond mobile gaming. Third-quarter results, scheduled for November 4, could provide a near-term catalyst if revenue growth and AI monetization remain resilient. 3 Stocks That Prove the AI Trade Isn’t Over
• Neutral Sentiment: Multiple law firms are promoting the same securities class action filed against AppLovin and certain executives. The case covers investors who purchased securities from February 12 through August 5, 2026, with a November 16 deadline to seek lead-plaintiff status. The allegations concern disclosures about AI-product revenue growth and the self-service application; the claims have not been proven. Pomerantz AppLovin class action announcement
• Negative Sentiment: The legal overhang reinforces investor concerns that AppLovin may have overstated the pace of AI model improvement and future growth. Those concerns follow a July analyst report and the company’s August earnings release, which showed revenue below expectations despite 52.8% year-over-year growth. A separate analyst downgrade and doubts about whether online retailers will adopt AppLovin’s newer advertising platform are adding to the selling pressure. AppLovin Stock Has One Thing Left To Prove

AppLovin Stock Down 4.7%

NASDAQ APP opened at $266.13 on Friday. The stock has a market cap of $89.06 billion, a PE ratio of 20.46, a P/E/G ratio of 0.56 and a beta of 2.56. AppLovin Corporation has a fifty-two week low of $260.59 and a fifty-two week high of $738.01. The business has a 50 day moving average price of $305.16 and a two-hundred day moving average price of $411.26. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $3.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.76. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. AppLovin’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same quarter last year, the company earned $2.39 earnings per share. As a group, sell-side analysts predict that AppLovin Corporation will post 15.67 EPS for the current fiscal year.

About AppLovin

AppLovin Corporation is a technology company that provides software and services designed to help mobile application developers grow, monetize and operate their businesses. Its platform supports user acquisition, advertising, mediation, analytics and other functions across the mobile app ecosystem.

The company’s principal products include AppDiscovery, which helps developers market their applications and acquire users; MAX, an in-app bidding and monetization platform; and its AXON technology, an artificial intelligence-powered engine intended to improve advertising performance and match users with relevant applications and content.