Envestnet Asset Management Inc. Acquires 110,208 Shares of AppLovin Corporation $APP

Key Points

• Envestnet Asset Management increased its AppLovin stake by 22.5% in the second quarter, acquiring 110,208 shares and bringing its holdings to 600,090 shares valued at approximately $309.2 million.
• Institutional ownership remains significant at 41.85%, with State Street, Corient Private Wealth, Norges Bank and other major investors also expanding or initiating positions.
• AppLovin’s latest quarter showed strong fundamentals—EPS met estimates at $3.76 and revenue rose 52.8% year over year—but concerns about slowing growth have contributed to lower analyst price targets. The stock opened at $315.25, well below its 12-month high of $745.61, though analysts maintain a “Moderate Buy” consensus.

Envestnet Asset Management Inc. boosted its stake in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 22.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 600,090 shares of the company's stock after buying an additional 110,208 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.18% of AppLovin worth $309,184,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Corient Private Wealth LLC raised its holdings in shares of AppLovin by 3,118.6% in the 4th quarter. Corient Private Wealth LLC now owns 4,194,071 shares of the company's stock worth $2,826,049,000 after purchasing an additional 4,063,763 shares during the period. State Street Corp grew its holdings in AppLovin by 28.3% during the second quarter. State Street Corp now owns 15,095,667 shares of the company's stock valued at $7,777,741,000 after purchasing an additional 3,328,338 shares during the period. Norges Bank purchased a new stake in AppLovin in the fourth quarter worth $2,040,321,000. Bank of New York Mellon Corp purchased a new stake in AppLovin in the second quarter worth $730,015,000. Finally, Fundsmith LLP bought a new stake in shares of AppLovin in the second quarter valued at $358,893,000. Hedge funds and other institutional investors own 41.85% of the company's stock.

AppLovin Price Performance

APP stock opened at $315.25 on Thursday. The firm has a 50 day moving average of $346.06 and a 200-day moving average of $430.92. The firm has a market capitalization of $105.50 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 0.68 and a beta of 2.49. AppLovin Corporation has a 12 month low of $297.50 and a 12 month high of $745.61. 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 (NASDAQ:APP - Get Free Report) last posted its earnings results 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 analysts' expectations of $1.94 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The business's revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.39 EPS. As a group, sell-side analysts predict that AppLovin Corporation will post 15.76 earnings per share for the current fiscal year.

Trending Headlines about AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Citigroup reportedly sees rapid expansion in AppLovin’s client base, offering a counterpoint to the broader concerns about slowing growth. APP stock drops after Edgewater says AppLovin growth has stalled, Citi sees rapid client expansion
• Neutral Sentiment: AppLovin’s latest reported quarter remains a fundamental reference point: earnings met consensus, revenue rose more than 50% year over year, but revenue fell modestly short of estimates. Investors are now focused on whether the company can sustain that growth rate.
• Negative Sentiment: Edgewater Research analyst Joe Wittine said recent channel checks indicate AppLovin’s mobile-advertising market-share expansion has effectively stalled. He reportedly expects fourth-quarter revenue growth of only about 8% to 9% sequentially and reduced his revenue outlook, implying a significant year-over-year slowdown. Should you sell AppLovin stock as Edgewater issues growth ceiling warning
• Negative Sentiment: Multiple law firms publicized an already-filed securities class action covering investors who purchased AppLovin shares between February 12 and August 5, 2026. The complaints allege that management overstated the pace of AI-model improvements and the readiness of its generative-AI video creative tool, while later disclosures indicated progress had slowed and the product remained in development. Investors face a November 16, 2026 lead-plaintiff deadline. AppLovin faces securities class action amid concerns over model improvements

Analyst Ratings Changes

APP has been the topic of a number of research reports. Royal Bank Of Canada lowered their price objective on AppLovin from $700.00 to $575.00 and set an "outperform" rating on the stock in a research note on Thursday, August 6th. The Goldman Sachs Group dropped their price target on shares of AppLovin from $585.00 to $465.00 and set a "neutral" rating on the stock in a research note on Thursday, August 6th. William Blair set a $440.00 price objective on shares of AppLovin in a report on Monday, August 17th. Wedbush lowered their target price 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. Finally, BTIG Research dropped their target price on AppLovin from $408.00 to $396.00 and set a "buy" rating on the stock in a research report on Tuesday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $529.39.

Insiders Place Their Bets

In other AppLovin news, Director G Jr sold 3,076 shares of the firm's stock in a transaction dated 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 sale, the director owned 120,444 shares of the company's stock, valued at $62,786,252.76. This trade represents a 2.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 12.81% of the stock is owned by corporate insiders.

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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