Engineers Gate Manager LP Reduces Stock Holdings in AppLovin Corporation $APP

Key Points

• Engineers Gate Manager LP cut its AppLovin holdings by 84% in the second quarter, selling 7,932 shares and retaining 1,516 shares valued at approximately $781,000. Institutional investors collectively own 41.85% of the company.
• AppLovin reported quarterly EPS of $3.76, matching estimates, while revenue rose 52.8% year over year to $1.92 billion but fell short of the $1.94 billion consensus forecast. The stock opened at $308.06, near its 12-month low of $297.50.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $529.39, although several firms recently lowered their targets. The company also faces investor lawsuits alleging it misled shareholders about its generative-AI progress.

Engineers Gate Manager LP lowered its holdings in AppLovin Corporation (NASDAQ:APP - Free Report) by 84.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,516 shares of the company's stock after selling 7,932 shares during the quarter. Engineers Gate Manager LP's holdings in AppLovin were worth $781,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC purchased a new position in shares of AppLovin during the 1st quarter valued at about $25,000. Pioneer Family Office LLC purchased a new stake in shares of AppLovin in the second quarter worth about $31,000. First Pacific Financial purchased a new stake in shares of AppLovin in the first quarter worth about $33,000. IMA Advisory Services Inc. boosted its stake in shares of AppLovin by 40.0% in the first quarter. IMA Advisory Services Inc. now owns 84 shares of the company's stock worth $33,000 after buying an additional 24 shares during the last quarter. Finally, CENTRAL TRUST Co grew its holdings in AppLovin by 41.3% during the first quarter. CENTRAL TRUST Co now owns 89 shares of the company's stock worth $35,000 after acquiring an additional 26 shares during the period. Hedge funds and other institutional investors own 41.85% of the company's stock.

AppLovin Price Performance

APP opened at $308.06 on Monday. AppLovin Corporation has a twelve month low of $297.50 and a twelve month high of $745.61. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average price of $353.46 and a 200 day moving average price of $434.13. The company has a market cap of $103.09 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 0.64 and a beta of 2.49.

AppLovin (NASDAQ:APP - Get Free Report) last posted 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. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.The company had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the firm posted $2.39 EPS. AppLovin's revenue was up 52.8% compared to the same quarter last year. Sell-side analysts expect that AppLovin Corporation will post 15.76 earnings per share for the current fiscal year.

Key Headlines Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Some analysts remain bullish on AppLovin’s AI-powered advertising platform, citing continued expansion into new markets, revenue growth above 50% and potential upside if the company successfully scales its AI products. One comparison article characterized AppLovin more favorably than Trade Desk, while another valuation analysis estimated substantial long-term upside. AppLovin vs. Trade Desk article
• Neutral Sentiment: Multiple law firms announced or promoted the same securities class action involving investors who purchased AppLovin shares between February 12 and August 5, 2026. The lead-plaintiff deadline is November 16, 2026. These announcements mainly seek investor participation and do not establish that AppLovin violated securities laws. Rosen class action notice
• Negative Sentiment: The lawsuits allege AppLovin misled investors about the progress of its generative-AI initiatives and its business prospects. The legal publicity adds reputational, litigation and potential financial risks, reinforcing the negative sentiment already weighing on the shares. BFA Law class action notice
• Negative Sentiment: AppLovin’s second-quarter revenue came in below analysts’ expectations, prompting concern that growth may be slowing despite strong year-over-year expansion. Commentary also points to competition, uncertainty over AI-model timing and execution risks as additional headwinds. AppLovin revenue miss article

Insider Buying and Selling at AppLovin

In other AppLovin news, Director G Jr sold 3,076 shares of the firm's stock in a transaction on Monday, July 6th. The stock was sold at an average price of $521.29, for a total value of $1,603,488.04. Following the transaction, the director owned 120,444 shares in the company, valued at approximately $62,786,252.76. This trade represents a 2.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 12.81% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on APP. Morgan Stanley reduced their price target on AppLovin from $650.00 to $450.00 and set an "overweight" rating for the company in a research report on Monday, September 14th. Wedbush lowered their price target on shares of AppLovin from $640.00 to $610.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. Benchmark dropped their price target on shares of AppLovin from $500.00 to $440.00 and set a "buy" rating on the stock in a research report on Monday, August 17th. Citigroup reaffirmed a "buy" rating on shares of AppLovin in a report on Friday, September 11th. Finally, Raymond James Financial assumed coverage on shares of AppLovin in a report on Monday, June 29th. They issued a "strong-buy" rating and a $640.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, AppLovin presently has a consensus rating of "Moderate Buy" and an average target price of $529.39.

About AppLovin

AppLovin Corporation NASDAQ: APP is a technology company that provides software and services designed to help mobile application developers grow their businesses. Its platform supports user acquisition, advertising, monetization, measurement and other functions that enable developers to attract users and generate revenue from their applications.

AppLovin's offerings include AXON, an artificial-intelligence-powered software engine used to optimize advertising and user-acquisition campaigns; MAX, a platform for managing in-app advertising and mediation; and AppDiscovery, which helps developers promote their applications.

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