AppLovin Corporation $APP Stock Bought by Smithbridge Asset Management Inc. DE

Key Points

• Smithbridge Asset Management increased its AppLovin stake by 51.7% in the third quarter, adding 6,083 shares for a total of 17,848 shares valued at approximately $5.18 million. Other institutional investors also raised their positions, while institutional ownership stood at 41.85%.
• AppLovin reported 52.8% year-over-year revenue growth to $1.92 billion and EPS of $3.76, matching estimates, though revenue narrowly missed expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $507.75, despite several recent target reductions.
• The stock opened at $269.12, near its one-year low of $260.59 and well below its one-year high of $738.01. Investor concerns include a pending securities-fraud class action alleging delays and potential misstatements related to the company’s generative-AI products and revenue outlook.

Smithbridge Asset Management Inc. DE increased its holdings in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 51.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,848 shares of the company's stock after buying an additional 6,083 shares during the quarter. Smithbridge Asset Management Inc. DE's holdings in AppLovin were worth $5,184,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Generali Investments Management Co LLC boosted its stake in shares of AppLovin by 368.8% in the 3rd quarter. Generali Investments Management Co LLC now owns 2,672 shares of the company's stock valued at $776,000 after purchasing an additional 2,102 shares in the last quarter. SteelPeak Wealth LLC increased its position in AppLovin by 319.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 7,004 shares of the company's stock worth $2,034,000 after purchasing an additional 5,335 shares in the last quarter. IFP Advisors Inc increased its position in AppLovin by 285.7% during the 3rd quarter. IFP Advisors Inc now owns 19,167 shares of the company's stock worth $5,567,000 after purchasing an additional 14,197 shares in the last quarter. Shelton Wealth Management LLC increased its position in AppLovin by 28.0% during the 3rd quarter. Shelton Wealth Management LLC now owns 5,899 shares of the company's stock worth $1,713,000 after purchasing an additional 1,290 shares in the last quarter. Finally, Pension & Wealth Management Advisors Inc. acquired a new position in AppLovin during the 3rd quarter worth approximately $210,000. 41.85% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Citigroup maintained a Buy rating and lowered its price target from $600 to $500, implying substantial potential upside from current levels. The continued bullish rating suggests the bank believes AppLovin’s long-term growth opportunity remains intact. Citigroup AppLovin price-target update
• Positive Sentiment: Recent analysis highlighted AppLovin’s 53% second-quarter revenue growth, strong profitability and expectations that the valuation discount may be excessive ahead of third-quarter earnings, scheduled for early November. Investors may be positioning for evidence that advertising and machine-learning improvements can reaccelerate growth. Why AppLovin’s Discount May Be Unwarranted Ahead of Q3
• Neutral Sentiment: AppLovin’s second-quarter results showed robust year-over-year growth, but revenue of $1.92 billion fell short of estimates. The key upcoming catalyst is whether management can demonstrate that AI-driven product improvements will sustain exceptional margins and earnings growth. AppLovin Grew Revenue 53%
• Negative Sentiment: Several law firms publicized securities-fraud class-action litigation covering investors who purchased APP shares from February 12 through August 5, 2026. The allegations include delayed delivery of AppLovin’s generative-AI video creative tool and possible misstatements about projected AI-product and self-service-app revenue. The lead-plaintiff deadline is November 16, creating a continuing legal and reputational overhang. AppLovin Faces Securities Fraud Class Action

Wall Street Analysts Forecast Growth

Several brokerages recently commented on APP. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of AppLovin from $660.00 to $580.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Arete Research boosted their target price on shares of AppLovin from $340.00 to $406.00 and gave the stock 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 research note on Monday, August 17th. UBS Group lowered their price target on shares of AppLovin from $798.00 to $790.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, Royal Bank Of Canada dropped their price target on AppLovin from $700.00 to $575.00 and set an "outperform" rating for the company in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $507.75.

AppLovin Stock Performance

AppLovin stock opened at $269.12 on Tuesday. The business has a 50 day moving average of $303.76 and a 200-day moving average of $410.62. AppLovin Corporation has a 1 year low of $260.59 and a 1 year high of $738.01. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.30 and a quick ratio of 4.30. The company has a market capitalization of $90.06 billion, a P/E ratio of 20.69, a P/E/G ratio of 0.56 and a beta of 2.56.

AppLovin (NASDAQ:APP - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $3.76 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business earned $2.39 EPS. The firm's quarterly revenue was up 52.8% on a year-over-year basis. On average, equities research analysts predict that AppLovin Corporation will post 15.67 earnings per share for the current year.

AppLovin 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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