AppLovin Corporation $APP Shares Acquired by Sterling Capital Management LLC

Key Points

• Sterling Capital Management increased its AppLovin stake by 136% in the third quarter, holding 14,876 shares valued at approximately $4.32 million. Institutional investors and hedge funds collectively own 41.85% of the company.
• AppLovin shares opened at $260.25, near their 12-month low of $258.32 and well below the 12-month high of $738.01. The company’s latest quarterly revenue rose 52.8% year over year to $1.92 billion, slightly below analyst expectations.
• Several law firms announced a securities class action alleging misleading statements about AppLovin’s AI advertising models; the allegations have not been proven. Analysts remain broadly positive, with a consensus “Moderate Buy” rating, despite multiple recent price-target reductions.

Sterling Capital Management LLC lifted its stake in AppLovin Corporation (NASDAQ:APP - Free Report) by 136.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,876 shares of the company's stock after buying an additional 8,572 shares during the period. Sterling Capital Management LLC's holdings in AppLovin were worth $4,320,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC raised its holdings in AppLovin by 2.8% in the 2nd quarter. Revolve Wealth Partners LLC now owns 851 shares of the company's stock valued at $438,000 after acquiring an additional 23 shares in the last quarter. IMA Advisory Services Inc. lifted its position in shares of AppLovin by 40.0% in the 1st quarter. IMA Advisory Services Inc. now owns 84 shares of the company's stock worth $33,000 after acquiring an additional 24 shares during the period. CENTRAL TRUST Co lifted its position in shares of AppLovin by 41.3% in the 1st quarter. CENTRAL TRUST Co now owns 89 shares of the company's stock worth $35,000 after acquiring an additional 26 shares during the period. PFG Investments LLC lifted its position in shares of AppLovin by 4.1% in the 1st quarter. PFG Investments LLC now owns 706 shares of the company's stock worth $281,000 after acquiring an additional 28 shares during the period. Finally, Sovran Advisors LLC grew its holdings in shares of AppLovin by 5.7% during the 1st quarter. Sovran Advisors LLC now owns 517 shares of the company's stock worth $206,000 after purchasing an additional 28 shares in the last quarter. 41.85% of the stock is owned by institutional investors and hedge funds.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Negative Sentiment: Multiple law firms publicized a securities class action against AppLovin and certain executives, with a November 16, 2026 deadline for investors to seek appointment as lead plaintiff. The notices largely repeat the same lawsuit rather than represent separate new cases. Pomerantz class action announcement
• Negative Sentiment: The lawsuit covers investors who acquired APP securities between February 12 and August 5, 2026. It alleges that AppLovin and executives made misleading statements about the consistency and effectiveness of improvements to the company’s AI advertising models, potentially overstating business performance. The allegations have not been proven. Hagens Berman AppLovin class action report
• Negative Sentiment: The case follows a critical analyst report published July 13 and AppLovin’s August 5 second-quarter results, which reportedly caused sharp declines in the stock. One investor notice also alleges that Chief Executive Officer Adam Foroughi and Chief Financial Officer Matthew Stumpf sold more than $109.1 million of APP stock; this is an allegation in the litigation, not an established finding. APP shareholder alert
• Neutral Sentiment: The legal notices do not provide a new operating update or change AppLovin’s reported fundamentals. The company previously reported strong year-over-year revenue growth, but its latest revenue came in slightly below analyst expectations, leaving investors focused on execution, AI-model performance and litigation risk. Kaplan Fox AppLovin class action notice

AppLovin Stock Down 1.5%

Shares of APP opened at $260.25 on Friday. The stock has a market cap of $87.09 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 0.54 and a beta of 2.56. 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 Corporation has a 12 month low of $258.32 and a 12 month high of $738.01. The company has a 50-day moving average price of $300.05 and a two-hundred day moving average price of $407.08.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APP. Wells Fargo & Company lowered their price objective on AppLovin from $357.00 to $325.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 19th. Scotiabank reaffirmed a "sector outperform" rating and issued a $515.00 target price (down from $775.00) on shares of AppLovin in a research report on Thursday, August 6th. Bank of America reaffirmed a "neutral" rating and issued a $400.00 target price (down from $430.00) on shares of AppLovin in a research report on Tuesday, August 11th. Benchmark decreased their price target on shares of AppLovin from $500.00 to $440.00 and set a "buy" rating on the stock in a research note on Monday, August 17th. Finally, Royal Bank Of Canada lowered their price target on shares of AppLovin from $700.00 to $575.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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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