AppLovin Corporation $APP Stock Purchased by Hedeker Wealth LLC

Key Points

• Hedeker Wealth LLC increased its AppLovin stake by 228.3% in the third quarter, ending with 14,139 shares valued at approximately $4.1 million. Institutional investors and hedge funds collectively own 41.85% of APP.
• 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, analysts maintain a consensus “Moderate Buy” rating with an average price target of $507.75.
• The company faces securities class-action litigation alleging misleading statements about its AI advertising models; the allegations have not been proven. AppLovin reported 52.8% year-over-year revenue growth in its latest quarter, although revenue slightly missed analyst expectations.

Hedeker Wealth LLC raised its stake in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 228.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,139 shares of the company's stock after acquiring an additional 9,832 shares during the quarter. Hedeker Wealth LLC's holdings in AppLovin were worth $4,106,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of AppLovin by 28.3% in 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 raised its stake in shares of AppLovin by 5.2% in 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 raised its stake in shares of AppLovin by 7.5% in the 2nd 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 purchasing an additional 121,605 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of AppLovin during the second quarter worth about $730,015,000. Finally, Amundi lifted its position in shares of AppLovin by 19.5% during the second quarter. Amundi now owns 1,332,633 shares of the company's stock worth $686,612,000 after purchasing an additional 217,214 shares during the last quarter. 41.85% of the stock is owned by institutional investors and hedge funds.

AppLovin Price Performance

APP stock opened at $260.25 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.30 and a quick ratio of 4.30. AppLovin Corporation has a 1-year low of $258.32 and a 1-year high of $738.01. The firm has a fifty day moving average price of $300.05 and a two-hundred day moving average price of $407.04. The firm has a market cap of $87.09 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 0.54 and a beta of 2.56.

AppLovin (NASDAQ:APP - Get Free Report) last issued its 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 analysts' expectations of $1.94 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The firm's revenue was up 52.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.39 earnings per share. Research analysts predict that AppLovin Corporation will post 15.67 EPS for the current year.

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

Analyst Ratings Changes

A number of equities analysts recently commented on APP shares. Oppenheimer decreased their price target on AppLovin from $560.00 to $490.00 and set an "outperform" rating for the company in a research note on Monday, October 12th. Morgan Stanley lowered their price objective on AppLovin from $450.00 to $400.00 and set an "overweight" rating for the company in a report on Tuesday, October 13th. Citigroup cut their price objective on AppLovin from $600.00 to $500.00 and set a "buy" rating on the stock in a research note on Monday, October 19th. Phillip Securities upgraded AppLovin from a "moderate buy" rating to a "strong-buy" rating and cut their price objective for the company from $635.00 to $610.00 in a research note on Tuesday, August 11th. Finally, BTIG Research reduced their target price on AppLovin from $408.00 to $396.00 and set a "buy" rating on the stock in a report on Tuesday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $507.75.

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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