Evergreen Capital Management LLC Buys 17,096 Shares of AppLovin Corporation $APP

Key Points

• Evergreen Capital Management increased its AppLovin stake by 224.2% in the third quarter, purchasing 17,096 additional shares and bringing its holdings to 24,722 shares valued at approximately $7.77 million.
• AppLovin shares opened at $260.25, near their one-year low of $258.32 and well below the $738.01 high. Despite several analysts lowering price targets, the stock retains a “Moderate Buy” consensus rating with an average target of $507.75.
• AppLovin faces securities class-action litigation alleging misleading statements about its AI advertising models; the allegations have not been proven, and investors have until November 16, 2026, to seek lead-plaintiff status.

Evergreen Capital Management LLC raised its stake in AppLovin Corporation (NASDAQ:APP - Free Report) by 224.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,722 shares of the company's stock after buying an additional 17,096 shares during the period. Evergreen Capital Management LLC's holdings in AppLovin were worth $7,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC grew its stake in AppLovin by 2.8% in the 2nd quarter. Revolve Wealth Partners LLC now owns 851 shares of the company's stock worth $438,000 after acquiring an additional 23 shares in the last quarter. IMA Advisory Services Inc. increased its position in shares of AppLovin by 40.0% during the first quarter. IMA Advisory Services Inc. now owns 84 shares of the company's stock worth $33,000 after acquiring an additional 24 shares during the period. CENTRAL TRUST Co raised its stake in shares of AppLovin by 41.3% during the first quarter. CENTRAL TRUST Co now owns 89 shares of the company's stock valued at $35,000 after acquiring an additional 26 shares in the last quarter. PFG Investments LLC raised its stake in shares of AppLovin by 4.1% during the first quarter. PFG Investments LLC now owns 706 shares of the company's stock valued at $281,000 after acquiring an additional 28 shares in the last quarter. Finally, Sovran Advisors LLC raised its stake in shares of AppLovin by 5.7% during the first quarter. Sovran Advisors LLC now owns 517 shares of the company's stock valued at $206,000 after acquiring an additional 28 shares in the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.

AppLovin Price Performance

Shares of AppLovin 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's 50-day moving average is $300.05 and its two-hundred day moving average is $407.04. The stock 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 posted its earnings results on Wednesday, August 5th. The company reported $3.76 EPS for the quarter, meeting analysts' consensus estimates of $3.76. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm posted $2.39 EPS. The company's revenue for the quarter was up 52.8% on a year-over-year basis. As a group, research analysts expect that AppLovin Corporation will post 15.67 earnings per share for the current fiscal 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 Upgrades and Downgrades

A number of analysts recently issued reports on the company. BTIG Research lowered their price target on AppLovin from $408.00 to $396.00 and set a "buy" rating for the company in a report on Tuesday, September 8th. Evercore restated an "outperform" rating and set a $510.00 price objective (down from $630.00) on shares of AppLovin in a report on Tuesday, September 1st. Oppenheimer decreased their target price on AppLovin from $560.00 to $490.00 and set an "outperform" rating for the company in a research report on Monday, October 12th. Scotiabank reaffirmed 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, Morgan Stanley lowered their target price on AppLovin from $450.00 to $400.00 and set an "overweight" rating for the company in a report on Tuesday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, AppLovin presently has an average rating of "Moderate Buy" and a consensus price target of $507.75.

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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