GRIMES & Co WEALTH MANAGEMENT LLC Buys 17,552 Shares of AppLovin Corporation $APP

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC increased its AppLovin stake by 3,672% in the third quarter, acquiring 17,552 additional shares and bringing its holdings to 18,030 shares valued at $5.24 million.
• AppLovin’s latest quarter showed strong operating performance, with revenue up 52.8% year over year to $1.92 billion and a 64.58% net margin, though revenue slightly missed estimates.
• Despite the stock trading near its 52-week low and analysts lowering price targets, coverage remains broadly positive: AppLovin has a “Moderate Buy” consensus rating and an average target price of $491.64. Investors also face added uncertainty from a proposed securities class action related to alleged AI product-growth disclosures.

GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in shares of AppLovin Corporation (NASDAQ:APP - Free Report) by 3,672.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,030 shares of the company's stock after acquiring an additional 17,552 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in AppLovin were worth $5,236,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of APP. State Street Corp increased its position in shares of AppLovin by 28.3% in the second quarter. State Street Corp now owns 15,095,667 shares of the company's stock valued at $7,777,741,000 after buying an additional 3,328,338 shares in the last quarter. WCM Investment Management LLC lifted its position in shares of AppLovin by 5.2% during the 1st quarter. WCM Investment Management LLC now owns 5,001,600 shares of the company's stock valued at $1,860,995,000 after buying an additional 245,290 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of AppLovin by 7.5% during the 2nd 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 buying an additional 121,605 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of AppLovin during the 2nd quarter valued at approximately $730,015,000. Finally, Amundi lifted its position in shares of AppLovin by 19.5% during the 2nd quarter. Amundi now owns 1,332,633 shares of the company's stock valued at $686,612,000 after buying an additional 217,214 shares in the last quarter. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

AppLovin Stock Performance

NASDAQ APP opened at $228.85 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 4.30 and a quick ratio of 4.30. The company has a market cap of $76.58 billion, a P/E ratio of 17.59, a P/E/G ratio of 0.54 and a beta of 2.56. The stock has a 50-day moving average of $292.66 and a two-hundred day moving average of $415.38. AppLovin Corporation has a 1-year low of $225.19 and a 1-year high of $738.01.

AppLovin (NASDAQ:APP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $3.76 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $1.94 billion. AppLovin's revenue for the quarter was up 52.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.39 EPS. As a group, analysts anticipate that AppLovin Corporation will post 15.61 EPS for the current year.

Analyst Ratings Changes

APP has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of AppLovin from $660.00 to $580.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Jefferies Financial Group dropped their target price on shares of AppLovin from $550.00 to $375.00 and set a "buy" rating on the stock in a research report on Thursday, October 8th. HSBC dropped their target price on shares of AppLovin from $450.00 to $409.00 and set a "buy" rating on the stock in a research report on Monday, October 5th. UBS Group cut their target price on shares of AppLovin from $790.00 to $414.00 and set a "buy" rating for the company in a research note on Wednesday, October 28th. Finally, Morgan Stanley reduced their price target on shares of AppLovin from $450.00 to $400.00 and set an "overweight" rating for the company in a research report on Tuesday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, AppLovin presently has an average rating of "Moderate Buy" and an average target price of $491.64.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin’s underlying business remains strong: revenue increased 52.8% year over year in its latest reported quarter, while net margin reached 64.58%. Analysts and investors continue to see potential for the company’s AI advertising engine to support substantial long-term growth. AppLovin Is the Worst-Performing Stock in the S&P 500 This Year
• Positive Sentiment: Citi reportedly believes the stock could potentially double, arguing that recent weakness may be excessive because AppLovin’s revenue continued to grow despite a decline in ad-driven installs. Upcoming third-quarter results could provide a catalyst if management demonstrates continued execution. AppLovin Sank 12% in a Week to a New 52-Week Low
• Neutral Sentiment: Investors are focused on the upcoming third-quarter earnings report, particularly revenue growth, advertising demand, AI model improvements, and the outlook for the self-service platform. Strong results could help rebuild confidence, but downward estimate revisions have increased uncertainty. Should AppLovin Stock Be in Your Portfolio Before Q3 Earnings?
• Negative Sentiment: Multiple law firms are promoting a securities class action covering investors who bought AppLovin securities from February 12 through August 5, 2026. The allegations center on potential misstatements or omissions regarding AI product growth and the pace of model improvement; the lead-plaintiff deadline is November 16, 2026. The litigation adds reputational, financial, and headline risk after earlier reports and second-quarter results caused the stock to fall. AppLovin Corporation Class Action Lawsuit

AppLovin Company 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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