Envestnet Portfolio Solutions Inc. Sells 10,916 Shares of AppLovin Corporation $APP

Key Points

• Envestnet Portfolio Solutions cut its AppLovin stake by 63.1%, selling 10,916 shares and retaining 6,396 shares valued at approximately $3.3 million. Institutional investors and hedge funds collectively own 41.85% of the company.
• AppLovin reported strong recent results, with quarterly revenue up 52.8% year over year to $1.92 billion and EPS of $3.76, but revenue fell slightly short of analyst expectations. Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $529.39.
• Key risks include slowing revenue growth, valuation concerns, and litigation: several quarters of decelerating growth and concerns about its AI advertising models have pressured the stock, while securities class-action complaints have been filed covering investors who purchased shares between February 12 and August 5, 2026.

Envestnet Portfolio Solutions Inc. trimmed its stake in AppLovin Corporation (NASDAQ:APP - Free Report) by 63.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,396 shares of the company's stock after selling 10,916 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in AppLovin were worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in APP. Signature Estate & Investment Advisors LLC grew its stake in AppLovin by 3,695.3% in the second 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 in the last quarter. Insight Wealth Strategies LLC acquired a new stake in shares of AppLovin during the 2nd quarter valued at about $6,939,000. Generate Investment Management Ltd acquired a new stake in shares of AppLovin during the 2nd quarter valued at about $7,226,000. Nykredit A S bought a new stake in shares of AppLovin in the 2nd quarter valued at approximately $41,902,000. Finally, Asset Management One Co. Ltd. grew its stake in shares of AppLovin by 6.5% in the 2nd quarter. Asset Management One Co. Ltd. now owns 105,909 shares of the company's stock valued at $54,567,000 after buying an additional 6,424 shares in the last quarter. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin’s higher margins and more established business model compare favorably with Reddit’s, according to a recent stock comparison, providing a potential long-term investment argument despite near-term volatility. AppLovin vs. Reddit: Which Technology Stock Is a Better Buy in 2026?
• Neutral Sentiment: AppLovin co-hosted an e-commerce event in China focused on new traffic and conversion models for brands expanding internationally. The event highlights the company’s marketing ecosystem, but no material financial impact was announced. 41Caijing Serves as Designated Overseas Media Partner for SHOPLINE Shenzhen Event
• Neutral Sentiment: AppLovin is receiving increased attention from Zacks users, although the report primarily summarizes factors investors should evaluate rather than presenting a new earnings estimate or rating change. AppLovin Corporation Is a Trending Stock
• Negative Sentiment: Multiple law firms announced or promoted a securities class action covering investors who bought AppLovin securities between February 12 and August 5, 2026. The complaints allege that AppLovin overstated the reliability of its AI advertising models and the “virtuous cycle” or compounding growth opportunity. Investors have until November 16, 2026, to seek lead-plaintiff status. The allegations have not been proven, but the litigation adds reputational, legal and financial uncertainty. Kaplan Fox AppLovin Class Action Notice
• Negative Sentiment: Analyst and market commentary points to three consecutive quarters of decelerating revenue growth. Although growth remained strong at approximately 53% year over year in the latest reported quarter, investors are concerned that AppLovin’s valuation assumes rapid growth will persist. Reports also cite AI progress concerns and a prior revenue miss as catalysts for the selloff. How Much Should One Number Worry AppLovin Stock Holders?

AppLovin Stock Down 0.6%

NASDAQ APP opened at $310.75 on Friday. The stock's 50 day moving average is $341.34 and its two-hundred day moving average is $428.75. AppLovin Corporation has a 1-year low of $297.50 and a 1-year high of $745.61. The company has a market capitalization of $103.99 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 0.65 and a beta of 2.49. 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 released its quarterly earnings results on Wednesday, August 5th. The company reported $3.76 EPS for the quarter, hitting analysts' consensus estimates of $3.76. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.AppLovin's revenue for the quarter was up 52.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.39 EPS. Equities analysts forecast that AppLovin Corporation will post 15.76 earnings per share for the current fiscal year.

Insider Transactions at AppLovin

In other news, Director G Jr sold 3,076 shares of the firm's stock in a transaction dated Monday, July 6th. The shares were 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 of the company's stock, 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 12.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Scotiabank reaffirmed a "sector outperform" rating and set a $515.00 price objective on shares of AppLovin in a research report on Thursday, August 6th. Wedbush decreased their target price on shares of AppLovin from $640.00 to $610.00 and set an "outperform" rating for the company in a research report on Thursday, August 6th. Needham & Company LLC dropped their price target on shares of AppLovin from $500.00 to $475.00 and set a "buy" rating on the stock in a research note on Wednesday, August 26th. Bank of America restated a "neutral" rating and set a $400.00 price target (down from $430.00) on shares of AppLovin in a report on Tuesday, August 11th. Finally, Morgan Stanley reduced their price objective on shares of AppLovin from $650.00 to $450.00 and set an "overweight" rating for the company in a research note on Monday, September 14th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, AppLovin presently has an average rating of "Moderate Buy" and an average price target 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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