AppLovin Corporation $APP Stake Lifted by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group increased its AppLovin stake by 914.3% in the third quarter, bringing its holdings to 25,947 shares worth approximately $7.5 million. Institutional investors collectively own 41.85% of the company.
• AppLovin shares opened at $260.25, near their 52-week low of $258.32 and well below the 52-week high of $738.01. Despite the decline, the company reported 52.8% year-over-year revenue growth and earnings in line with analyst expectations.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and a $507.75 price target, although several firms have reduced their targets. The company also faces securities-class-action allegations concerning disclosures about its AI advertising models; the allegations have not been proven.

Citizens Financial Group Inc. RI grew its stake in AppLovin Corporation (NASDAQ:APP - Free Report) by 914.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,947 shares of the company's stock after acquiring an additional 23,389 shares during the quarter. Citizens Financial Group Inc. RI's holdings in AppLovin were worth $7,536,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of APP. State Street Corp grew its position in AppLovin by 28.3% during the 2nd quarter. State Street Corp now owns 15,095,667 shares of the company's stock worth $7,777,741,000 after purchasing an additional 3,328,338 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of AppLovin by 5.2% during the 1st quarter. WCM Investment Management LLC now owns 5,001,600 shares of the company's stock valued at $1,860,995,000 after purchasing an additional 245,290 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 valued at $894,167,000 after buying an additional 121,605 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of AppLovin in the 2nd quarter valued at about $730,015,000. Finally, Amundi raised its stake in shares of AppLovin by 19.5% during the 2nd quarter. Amundi now owns 1,332,633 shares of the company's stock worth $686,612,000 after buying an additional 217,214 shares during the period. Institutional investors own 41.85% of the company's stock.

AppLovin Price Performance

Shares of NASDAQ:APP opened at $260.25 on Monday. The company has a market capitalization of $87.09 billion, a P/E ratio of 20.00, a P/E/G ratio of 0.54 and a beta of 2.56. The stock's fifty day simple moving average is $300.05 and its 200-day simple moving average is $407.04. AppLovin Corporation has a 52-week low of $258.32 and a 52-week high of $738.01. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $3.76 earnings per share for the quarter, hitting analysts' consensus estimates of $3.76. The company had revenue of $1.92 billion for 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 was up 52.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.39 earnings per share. As a group, equities research analysts forecast that AppLovin Corporation will post 15.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Phillip Securities raised shares of AppLovin from a "moderate buy" rating to a "strong-buy" rating and lowered their target price for the stock from $635.00 to $610.00 in a research note on Tuesday, August 11th. BTIG Research reduced their target price on AppLovin from $408.00 to $396.00 and set a "buy" rating on the stock in a research report on Tuesday, September 8th. Citigroup decreased their target price on AppLovin from $600.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday, October 19th. Scotiabank restated a "sector outperform" rating and set a $515.00 price target (down from $775.00) on shares of AppLovin in a report on Thursday, August 6th. Finally, Loop Capital reduced their price objective on shares of AppLovin from $860.00 to $600.00 and set a "buy" rating on the stock in a report on Thursday, August 20th. Three investment 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $507.75.

Key Headlines Impacting AppLovin

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

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.

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