AppLovin Corporation $APP Stock Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada reduced its AppLovin stake by 21.9% in the third quarter, selling 8,521 shares and retaining 30,382 shares valued at approximately $8.8 million.
• Other major institutional investors increased their positions, and institutional investors collectively own 41.85% of AppLovin. State Street was among the largest holders, with more than 15 million shares.
• AppLovin shares opened at $266.13, near their 52-week low of $260.59, amid analyst target cuts and legal concerns related to disclosures about AI revenue growth. Despite the pressure, analysts maintain a consensus “Moderate Buy” rating with a $511.32 price target.

TD Waterhouse Canada Inc. lessened its stake in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 21.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,382 shares of the company's stock after selling 8,521 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in AppLovin were worth $8,824,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in APP. State Street Corp boosted its position in AppLovin by 28.3% during the second 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 period. WCM Investment Management LLC grew its holdings in AppLovin by 5.2% during the first 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of AppLovin by 7.5% in 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 purchasing an additional 121,605 shares during the period. Bank of New York Mellon Corp bought a new position in shares of AppLovin in the second quarter valued at approximately $730,015,000. Finally, Amundi raised its position in shares of AppLovin by 19.5% in the second quarter. Amundi now owns 1,332,633 shares of the company's stock valued at $686,612,000 after purchasing an additional 217,214 shares during the period. Institutional investors and hedge funds own 41.85% of the company's stock.

Key Stories Impacting AppLovin

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

AppLovin Price Performance

APP opened at $266.13 on Monday. AppLovin Corporation has a 1-year low of $260.59 and a 1-year high of $738.01. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $89.06 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 0.56 and a beta of 2.56. The business has a 50 day moving average of $305.16 and a 200-day moving average of $411.53.

AppLovin (NASDAQ:APP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $3.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.76. The business 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 quarterly revenue was up 52.8% on a year-over-year basis. During the same quarter last year, the company posted $2.39 earnings per share. As a group, sell-side analysts anticipate that AppLovin Corporation will post 15.67 earnings per share for the current year.

Analyst Ratings Changes

APP has been the subject of a number of analyst reports. BTIG Research reduced their price objective on shares of AppLovin from $408.00 to $396.00 and set a "buy" rating for the company in a research note on Tuesday, September 8th. Bank of America reiterated a "neutral" rating and issued a $400.00 target price (down from $430.00) on shares of AppLovin in a research note on Tuesday, August 11th. Morgan Stanley dropped their target price on shares of AppLovin from $450.00 to $400.00 and set an "overweight" rating on the stock in a report on Tuesday, October 13th. Scotiabank reissued 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. Finally, Citigroup restated a "buy" rating and set a $600.00 price target (down from $650.00) on shares of AppLovin in a report on Friday, September 11th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, AppLovin has an average rating of "Moderate Buy" and a consensus target price of $511.32.

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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