QRG Capital Management Inc. Raises Holdings in AppLovin Corporation $APP

Key Points

• QRG Capital Management increased its AppLovin stake by 18.7% in the second quarter to 26,965 shares valued at approximately $13.9 million. Other institutions, including State Street and Envestnet, also raised their holdings, with institutions collectively owning 41.85% of the company.
• AppLovin reported quarterly EPS of $3.76, in line with estimates, while revenue increased 52.8% year over year to $1.92 billion but slightly missed expectations. The stock opened at $315.25, near its 12-month low of $297.50 and well below its 12-month high of $745.61.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $529.39, despite some target reductions. Investors also face concerns over potentially slowing advertising growth and a securities class action alleging the company overstated AI-model and generative-AI product progress.

QRG Capital Management Inc. raised its stake in AppLovin Corporation (NASDAQ:APP - Free Report) by 18.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,965 shares of the company's stock after purchasing an additional 4,242 shares during the period. QRG Capital Management Inc.'s holdings in AppLovin were worth $13,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in APP. Envestnet Asset Management Inc. increased its stake in shares of AppLovin by 22.5% during the second quarter. Envestnet Asset Management Inc. now owns 600,090 shares of the company's stock worth $309,184,000 after buying an additional 110,208 shares during the period. State Street Corp raised its holdings in 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 acquiring an additional 3,328,338 shares in the last quarter. SkyView Investment Advisors LLC purchased a new position in AppLovin in the second quarter worth approximately $515,000. Talon Private Wealth LLC grew its holdings in AppLovin by 184.3% during the 2nd quarter. Talon Private Wealth LLC now owns 3,915 shares of the company's stock worth $2,017,000 after acquiring an additional 2,538 shares in the last quarter. Finally, Bouchey Financial Group Ltd. acquired a new position in AppLovin during the 2nd quarter worth approximately $204,000. 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 company has a market capitalization of $105.50 billion, a P/E ratio of 24.23, a PEG ratio of 0.68 and a beta of 2.49. AppLovin Corporation has a twelve month low of $297.50 and a twelve month high of $745.61. The business has a 50 day simple moving average of $346.06 and a 200-day simple moving average of $430.92. 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 announced 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 analysts' expectations of $1.94 billion. During the same period in the previous year, the company posted $2.39 EPS. The company's quarterly revenue was up 52.8% on a year-over-year basis. As a group, equities analysts anticipate that AppLovin Corporation will post 15.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on APP. Piper Sandler reduced their price objective on shares of AppLovin from $385.00 to $325.00 and set a "neutral" rating on the stock in a report on Friday, August 21st. Wedbush lowered their target price on shares of AppLovin from $640.00 to $610.00 and set an "outperform" rating for the company in a research note on Thursday, August 6th. UBS Group dropped their target price on AppLovin from $798.00 to $790.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Weiss Ratings upgraded AppLovin from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 6th. Finally, KeyCorp set a $775.00 target price on shares of AppLovin in a research report on Wednesday, June 10th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, AppLovin has a consensus rating of "Moderate Buy" and an average target price of $529.39.

Insider Buying and Selling

In other news, Director G Jr sold 3,076 shares of the company'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 completion of the sale, the director directly owned 120,444 shares of the company's stock, valued at approximately $62,786,252.76. This represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 12.81% of the company's stock.

Key AppLovin News

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.