Robertson Stephens Wealth Management LLC Sells 24,445 Shares of AppLovin Corporation $APP

Key Points

• Robertson Stephens Wealth Management reduced its AppLovin position by 10.1%, selling 24,445 shares and retaining 218,244 shares valued at about $63.7 million. Institutional investors and hedge funds collectively own 41.85% of the stock.
• AppLovin shares opened at $266.13, down 4.7%, near their 52-week low of $260.59 and well below the $738.01 high. The decline follows concerns about AI monetization, platform adoption and revenue that came in slightly below expectations despite 52.8% year-over-year growth.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and $511.32 target price. Upcoming third-quarter results are viewed as an important test of AppLovin’s model updates, while a securities class-action lawsuit creates an additional overhang.

Robertson Stephens Wealth Management LLC reduced its position in AppLovin Corporation (NASDAQ:APP - Free Report) by 10.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 218,244 shares of the company's stock after selling 24,445 shares during the period. AppLovin comprises approximately 1.5% of Robertson Stephens Wealth Management LLC's holdings, making the stock its 13th biggest holding. Robertson Stephens Wealth Management LLC owned 0.07% of AppLovin worth $63,652,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of AppLovin by 28.3% during the 2nd quarter. State Street Corp now owns 15,095,667 shares of the company's stock worth $7,777,741,000 after purchasing an additional 3,328,338 shares during the period. WCM Investment Management LLC grew its position in shares of AppLovin by 5.2% in the first quarter. WCM Investment Management LLC now owns 5,001,600 shares of the company's stock valued at $1,860,995,000 after purchasing an additional 245,290 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of AppLovin by 7.5% in the second 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 purchasing an additional 121,605 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of AppLovin in the second quarter valued at $730,015,000. Finally, Amundi increased its stake in AppLovin by 19.5% in the second quarter. Amundi now owns 1,332,633 shares of the company's stock valued at $686,612,000 after purchasing an additional 217,214 shares during 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: Wedbush said its checks indicate advertisers maintained spending during the third quarter and could increase budgets in the fourth quarter as e-commerce activity improves. The firm views upcoming third-quarter results as an important test of AppLovin’s model updates. AppLovin Q3 seen by Wedbush as key test of model update
• Positive Sentiment: Some commentary remains constructive, highlighting AppLovin’s ability to convert artificial-intelligence technology into profitable advertising applications and its potential expansion beyond mobile gaming. Third-quarter results, scheduled for November 4, could provide a near-term catalyst if revenue growth and AI monetization remain resilient. 3 Stocks That Prove the AI Trade Isn't Over
• Neutral Sentiment: Multiple law firms are promoting the same securities class action filed against AppLovin and certain executives. The case covers investors who purchased securities from February 12 through August 5, 2026, with a November 16 deadline to seek lead-plaintiff status. The allegations concern disclosures about AI-product revenue growth and the self-service application; the claims have not been proven. Pomerantz AppLovin class action announcement
• Negative Sentiment: The legal overhang reinforces investor concerns that AppLovin may have overstated the pace of AI model improvement and future growth. Those concerns follow a July analyst report and the company’s August earnings release, which showed revenue below expectations despite 52.8% year-over-year growth. A separate analyst downgrade and doubts about whether online retailers will adopt AppLovin’s newer advertising platform are adding to the selling pressure. AppLovin Stock Has One Thing Left To Prove

AppLovin Stock Down 4.7%

Shares of APP opened at $266.13 on Friday. The firm has a market cap of $89.06 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 0.56 and a beta of 2.56. The company's fifty day moving average is $305.16 and its two-hundred day moving average is $411.26. AppLovin Corporation has a fifty-two week low of $260.59 and a fifty-two week high of $738.01. 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 announced its quarterly earnings data on Wednesday, August 5th. The company reported $3.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $3.76. The company 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 business's quarterly revenue was up 52.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.39 EPS. Analysts forecast that AppLovin Corporation will post 15.67 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. UBS Group dropped their target price on AppLovin from $798.00 to $790.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Arete Research raised their price target on AppLovin from $340.00 to $406.00 and gave the stock a "neutral" rating in a research note on Monday, June 22nd. Morgan Stanley lowered their price target on AppLovin from $450.00 to $400.00 and set an "overweight" rating for the company in a report on Tuesday. Benchmark lowered their price target on AppLovin from $500.00 to $440.00 and set a "buy" rating for the company in a report on Monday, August 17th. Finally, Weiss Ratings raised shares of AppLovin from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, AppLovin currently has an average rating of "Moderate Buy" and a consensus target price of $511.32.

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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