AppLovin Corporation $APP Stock Bought by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth increased its AppLovin position by 319.7% in the third quarter, holding 7,004 shares worth approximately $2.03 million. Institutional investors own 41.85% of the company.
• AppLovin reported quarterly EPS in line with estimates at $3.76, while revenue rose 52.8% year over year to $1.92 billion but came in slightly below expectations. The stock opened at $266.13, near its 12-month low of $260.59 and well below its 12-month high of $738.01.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $511.32 target price, but price targets have been reduced. Investors are also weighing concerns about AI monetization, slower-than-expected revenue, and a securities class-action lawsuit tied to disclosures about AI growth.

SteelPeak Wealth LLC grew its holdings in AppLovin Corporation (NASDAQ:APP - Free Report) by 319.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,004 shares of the company's stock after buying an additional 5,335 shares during the period. SteelPeak Wealth LLC's holdings in AppLovin were worth $2,034,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signature Estate & Investment Advisors LLC lifted its holdings in AppLovin by 3,695.3% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 76,361 shares of the company's stock valued at $39,345,000 after purchasing an additional 74,349 shares during the last quarter. Insight Wealth Strategies LLC bought a new position in AppLovin during the second quarter worth $6,939,000. Generate Investment Management Ltd bought a new position in AppLovin during the second quarter worth $7,226,000. Nykredit A S acquired a new position in shares of AppLovin in the second quarter valued at $41,902,000. Finally, Saudi Central Bank increased its holdings in shares of AppLovin by 88.7% in the second quarter. Saudi Central Bank now owns 16,070 shares of the company's stock valued at $8,280,000 after purchasing an additional 7,555 shares during the last quarter. 41.85% of the stock is currently owned by institutional investors.

AppLovin Stock Performance

NASDAQ APP opened at $266.13 on Monday. The firm has a market capitalization of $89.06 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 0.56 and a beta of 2.56. The business's 50-day moving average price is $305.16 and its two-hundred day moving average price is $411.53. 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 $260.59 and a 12 month high of $738.01.

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, hitting analysts' consensus estimates of $3.76. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. AppLovin had a return on equity of 193.10% and a net margin of 64.58%. The firm's revenue was up 52.8% compared to the same quarter last year. During the same period last year, the company earned $2.39 earnings per share. On average, analysts expect that AppLovin Corporation will post 15.67 EPS for the current year.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Wedbush said its checks indicate advertisers maintained spending during the third quarter and could increase budgets in the fourth quarter as e-commerce activity improves. The firm views upcoming third-quarter results as an important test of AppLovin’s model updates. AppLovin Q3 seen by Wedbush as key test of model update
• Positive Sentiment: Some commentary remains constructive, highlighting AppLovin’s ability to convert artificial-intelligence technology into profitable advertising applications and its potential expansion beyond mobile gaming. Third-quarter results, scheduled for November 4, could provide a near-term catalyst if revenue growth and AI monetization remain resilient. 3 Stocks That Prove the AI Trade Isn't Over
• Neutral Sentiment: Multiple law firms are promoting the same securities class action filed against AppLovin and certain executives. The case covers investors who purchased securities from February 12 through August 5, 2026, with a November 16 deadline to seek lead-plaintiff status. The allegations concern disclosures about AI-product revenue growth and the self-service application; the claims have not been proven. Pomerantz AppLovin class action announcement
• Negative Sentiment: The legal overhang reinforces investor concerns that AppLovin may have overstated the pace of AI model improvement and future growth. Those concerns follow a July analyst report and the company’s August earnings release, which showed revenue below expectations despite 52.8% year-over-year growth. A separate analyst downgrade and doubts about whether online retailers will adopt AppLovin’s newer advertising platform are adding to the selling pressure. AppLovin Stock Has One Thing Left To Prove

Wall Street Analysts Forecast Growth

APP has been the topic of several recent research reports. William Blair set a $440.00 price objective on AppLovin in a research report on Monday, August 17th. Benchmark cut their price target on shares of AppLovin from $500.00 to $440.00 and set a "buy" rating for the company in a report on Monday, August 17th. Weiss Ratings upgraded shares of AppLovin from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday. Citigroup restated a "buy" rating and set a $600.00 target price (down from $650.00) on shares of AppLovin in a research note on Friday, September 11th. Finally, HSBC reduced their target price on AppLovin from $450.00 to $409.00 and set a "buy" rating on the stock in a report on Monday, October 5th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $511.32.

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.

Want to see what other hedge funds are holding APP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AppLovin Corporation (NASDAQ:APP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.