AppLovin Corporation $APP Stock: Bokf Na Grows Stake

Key Points

• Bokf Na increased its AppLovin stake by 55.4% in the third quarter, bringing its holdings to 14,313 shares valued at approximately $4.16 million. Institutional investors collectively own 41.85% of the company.
• Analysts remain broadly optimistic, with AppLovin carrying a consensus “Moderate Buy” rating and an average price target of $491.64, although several firms recently lowered their targets.
• AppLovin shares opened at $254.91, near their 12-month low of $252, amid concerns about growth durability and legal risks; upcoming earnings will be a key catalyst after the company reported 52.8% year-over-year revenue growth in its latest quarter.

Bokf Na lifted its holdings in AppLovin Corporation (NASDAQ:APP - Free Report) by 55.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,313 shares of the company's stock after acquiring an additional 5,105 shares during the period. Bokf Na's holdings in AppLovin were worth $4,157,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in APP. Cassaday & Co Wealth Management LLC bought a new stake in shares of AppLovin during the 1st quarter worth $25,000. Pioneer Family Office LLC acquired a new position in AppLovin during the 2nd quarter worth approximately $31,000. First Pacific Financial acquired a new position in AppLovin during the 1st quarter worth approximately $33,000. IMA Advisory Services Inc. lifted its stake in AppLovin by 40.0% in the 1st quarter. IMA Advisory Services Inc. now owns 84 shares of the company's stock valued at $33,000 after purchasing an additional 24 shares during the last quarter. Finally, OFI Invest Asset Management lifted its stake in AppLovin by 16.3% in the 2nd quarter. OFI Invest Asset Management now owns 68,739 shares of the company's stock valued at $35,000 after purchasing an additional 9,615 shares during the last quarter. Institutional investors own 41.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APP. Raymond James Financial cut their price objective on AppLovin from $640.00 to $590.00 in a report on Thursday, August 6th. Morgan Stanley dropped their price objective on shares of AppLovin from $450.00 to $400.00 and set an "overweight" rating for the company in a report on Tuesday, October 13th. Scotiabank reiterated a "sector outperform" rating and set a $515.00 target price (down from $775.00) on shares of AppLovin in a research report on Thursday, August 6th. Benchmark reduced their target price on shares of AppLovin from $500.00 to $440.00 and set a "buy" rating on the stock in a report on Monday, August 17th. Finally, BTIG Research decreased their price target on shares of AppLovin from $408.00 to $396.00 and set a "buy" rating for the company in a research report on Tuesday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat, AppLovin currently has a consensus rating of "Moderate Buy" and a consensus target price of $491.64.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Analyst optimism remains a potential support. AppLovin’s average brokerage recommendation is equivalent to a Buy. RBC Capital maintained an Outperform rating and set a $500 price target, implying substantial potential upside from recent levels, although it reduced its previous $575 target. Is AppLovin APP a Buy as Wall Street Analysts Look Optimistic? RBC Cut Its AppLovin Target to $500
• Positive Sentiment: High margins and new advertising products offer longer-term upside. AppLovin’s AI-powered advertising platform has produced an adjusted EBITDA margin of about 84%. Its Wurl subsidiary also launched a Content Intelligence Platform designed to improve transparency and measurement in connected-TV advertising, potentially expanding AppLovin’s advertising opportunity. Can AppLovin's 84% EBITDA Margin Sustain APP Stock's Growth?
• Neutral Sentiment: Third-quarter earnings are the next major catalyst. AppLovin is scheduled to report third-quarter results on November 4. Investors will focus on AI advertising momentum, profitability, the e-commerce initiative, and whether the company can meet expectations; one analysis said current indicators do not strongly support a likely earnings beat. Is AppLovin Undervalued Ahead of Third Quarter Earnings?
• Negative Sentiment: Multiple law firms publicized a securities class action against AppLovin. The lawsuit alleges the company overstated the reliability of improvements in its AI advertising models and the readiness of its generative-AI video tool. The repeated notices and November 16 lead-plaintiff deadline add reputational, legal, and potential financial uncertainty. APP Deadline Securities Class Action Notice
• Negative Sentiment: Investors are questioning the durability of AppLovin’s growth. Reports describe the stock as being in a “stealth” bear market, with concerns that model gains may be slowing, competition and costs could pressure margins, and recent results included revenue below expectations. These concerns are weighing on sentiment ahead of earnings. These 3 Crypto Stocks Now Sit on Tech’s Stealth Bear Market List

AppLovin Trading Down 1.9%

APP opened at $254.91 on Friday. AppLovin Corporation has a twelve month low of $252.00 and a twelve month high of $738.01. The company has a fifty day moving average of $295.80 and a 200-day moving average of $419.73. The stock has a market cap of $85.31 billion, a PE ratio of 19.59, a price-to-earnings-growth 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 (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 the consensus estimate of $3.76. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business earned $2.39 earnings per share. AppLovin's revenue for the quarter was up 52.8% on a year-over-year basis. On average, sell-side analysts predict that AppLovin Corporation will post 15.67 EPS for the current year.

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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