7,601 AppLovin Corporation $APP Shares Sold by Brookstone Capital Management

Key Points

• Brookstone Capital Management cut its AppLovin stake by 54.7% in the third quarter, selling 7,601 shares and retaining 6,300 shares valued at approximately $1.83 million.
• AppLovin reported 52.8% year-over-year revenue growth to $1.92 billion in its latest quarter, while several major institutions increased their holdings; institutional investors collectively own 41.85% of the stock.
• Despite a “Moderate Buy” consensus and an average analyst target of $507.75, price targets have been reduced amid a sharp share-price decline, while securities-fraud lawsuit notices add legal and reputational risk.

Brookstone Capital Management reduced its stake in AppLovin Corporation (NASDAQ:APP - Free Report) by 54.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,300 shares of the company's stock after selling 7,601 shares during the quarter. Brookstone Capital Management's holdings in AppLovin were worth $1,830,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of AppLovin by 28.3% in the 2nd 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 during the period. WCM Investment Management LLC lifted its stake in AppLovin by 5.2% during the 1st quarter. WCM Investment Management LLC now owns 5,001,600 shares of the company's stock worth $1,860,995,000 after acquiring an additional 245,290 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in AppLovin by 7.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,735,471 shares of the company's stock valued at $894,167,000 after acquiring an additional 121,605 shares during the period. Bank of New York Mellon Corp purchased a new position in AppLovin during the 2nd quarter valued at about $730,015,000. Finally, Amundi boosted its holdings in AppLovin by 19.5% during the 2nd quarter. Amundi now owns 1,332,633 shares of the company's stock valued at $686,612,000 after acquiring an additional 217,214 shares during the period. Hedge funds and other institutional investors own 41.85% of the company's stock.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin’s Q2 revenue increased 52.8% year over year to $1.92 billion, while third-quarter guidance reportedly implies approximately 46%–48% growth. One UBS analyst believes the stock could potentially triple, suggesting significant upside if the company’s AI-driven advertising platform continues to scale. Down 56% In Last 12 Months, Can AppLovin Stock Give Better Returns in 2026? AppLovin Has Dropped 60% in 2026: One Wall Street Pro is Convinced It Will Triple in Price
• Neutral Sentiment: A reported short-interest update showed zero shares sold short and a 0.0-day short-interest ratio based on average daily volume of about 5.1 million shares. That reading indicates no measurable short-selling pressure, although the “large increase” description conflicts with the stated zero-share figure and may reflect a data or reporting error.
• Negative Sentiment: Several law firms are publicizing a securities-fraud class action against AppLovin for investors who purchased shares between February 12 and August 5, 2026. The allegations center on potentially misleading statements about AI model improvements, projected AI-product revenue, and the rollout of AppLovin’s generative-AI video tool. The lead-plaintiff deadline is November 16, 2026. These notices add legal and reputational risk and reinforce investor concerns following a July analyst report and AppLovin’s August 5 earnings release. Kaplan Fox AppLovin Lawsuit Notice AppLovin Shareholder Notice

AppLovin Stock Up 0.2%

Shares of NASDAQ APP opened at $260.74 on Tuesday. The stock has a market cap of $87.26 billion, a P/E ratio of 20.04, a PEG ratio of 0.54 and a beta of 2.56. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11. AppLovin Corporation has a 12-month low of $255.46 and a 12-month high of $738.01. The business's fifty day simple moving average is $298.85 and its 200-day simple moving average is $425.33.

AppLovin (NASDAQ:APP - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $3.76 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $3.76. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. AppLovin had a return on equity of 193.10% and a net margin of 64.58%. AppLovin's revenue was up 52.8% compared to the same quarter last year. During the same period last year, the business posted $2.39 earnings per share. As a group, equities analysts predict that AppLovin Corporation will post 15.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Oppenheimer dropped their target price on AppLovin from $560.00 to $490.00 and set an "outperform" rating for the company in a research report on Monday, October 12th. Bank of America reissued a "neutral" rating and set a $400.00 price target (down from $430.00) on shares of AppLovin in a research report on Tuesday, August 11th. Scotiabank reissued a "sector outperform" rating and issued a $515.00 price objective (down from $775.00) on shares of AppLovin in a research note on Thursday, August 6th. Evercore reissued an "outperform" rating and issued a $510.00 price objective (down from $630.00) on shares of AppLovin in a research note on Tuesday, September 1st. Finally, Needham & Company LLC restated a "buy" rating and issued a $475.00 price objective on shares of AppLovin in a report on Tuesday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, AppLovin has a consensus rating of "Moderate Buy" and an average target price of $507.75.

AppLovin Company Profile

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.

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