Rakuten Investment Management Inc. Acquires 6,946 Shares of AppLovin Corporation $APP

Key Points

• Rakuten Investment Management increased its AppLovin stake by 10.6% in the third quarter, adding 6,946 shares to reach 72,335 shares valued at about $22.1 million.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and average price target of $491.64, although several firms recently cut their targets.
• AppLovin’s latest reported quarter delivered earnings of $3.76 per share, in line with estimates, while revenue of $1.92 billion fell short of forecasts despite 52.8% year-over-year growth.

Rakuten Investment Management Inc. boosted its stake in AppLovin Corporation (NASDAQ:APP - Free Report) by 10.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 72,335 shares of the company's stock after acquiring an additional 6,946 shares during the quarter. Rakuten Investment Management Inc.'s holdings in AppLovin were worth $22,110,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APP. Pioneer Family Office LLC purchased a new position in AppLovin during the second quarter valued at $31,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of AppLovin in the first quarter valued at about $25,000. LifeSteps Financial Inc. purchased a new stake in shares of AppLovin during the second quarter worth about $40,000. Archer Investment Corp purchased a new stake in shares of AppLovin during the second quarter worth about $42,000. Finally, IMA Advisory Services Inc. increased its stake 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 purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 41.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APP. Benchmark reduced their price target on shares of AppLovin from $500.00 to $440.00 and set a "buy" rating for the company in a research report on Monday, August 17th. Phillip Securities upgraded AppLovin from a "moderate buy" rating to a "strong-buy" rating and lowered their price objective for the stock from $635.00 to $610.00 in a report on Tuesday, August 11th. Scotiabank reiterated a "sector outperform" rating and set a $515.00 price objective (down from $775.00) on shares of AppLovin in a research note on Thursday, August 6th. Evercore reissued an "outperform" rating and set a $510.00 target price (down from $630.00) on shares of AppLovin in a report on Tuesday, September 1st. Finally, BTIG Research reduced their target price on AppLovin from $408.00 to $396.00 and set a "buy" rating for the company in a report on Tuesday, September 8th. Three equities 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. Based on data from MarketBeat, AppLovin presently has a consensus rating of "Moderate Buy" and a consensus target price of $491.64.

AppLovin Price Performance

AppLovin stock opened at $245.51 on Wednesday. AppLovin Corporation has a 52-week low of $225.19 and a 52-week high of $738.01. The firm has a market capitalization of $82.16 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 0.51 and a beta of 2.51. The company has a fifty day simple moving average of $291.60 and a 200-day simple moving average of $413.52. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11.

AppLovin (NASDAQ:APP - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $3.76 EPS for the quarter, meeting analysts' consensus estimates of $3.76. The business had revenue of $1.92 billion during 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 company's quarterly revenue was up 52.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.39 earnings per share. On average, equities analysts anticipate that AppLovin Corporation will post 15.61 EPS for the current fiscal year.

Trending Headlines about AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin rose alongside a broader bounce in battered ad-tech stocks, with investors looking ahead to Wednesday’s earnings report. Some coverage also framed the steep share-price decline as a potential bargain, which may have encouraged buying. Article Article
• Neutral Sentiment: AppLovin is scheduled to report third-quarter results after the close on Nov. 4. Revenue is expected to increase year over year, but recent downward estimate revisions and concerns about the pace of improvement in its AI advertising models leave investors focused on the results and outlook. Article
• Negative Sentiment: Several law firms publicized a securities class action filed against AppLovin and certain officers. The suit covers investors who acquired shares from Feb. 12 through Aug. 5, 2026, and alleges securities-law violations related to company statements about AI model improvements and growth prospects. These are allegations, not findings; the lead-plaintiff deadline is Nov. 16. The litigation could add uncertainty and reputational risk. Article

About AppLovin

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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