State Street Corp Has $7.78 Billion Stock Holdings in AppLovin Corporation $APP

Key Points

• State Street increased its AppLovin holdings by 28.3% in the second quarter, owning 15.1 million shares valued at approximately $7.78 billion, or 4.51% of the company. Institutional investors and hedge funds collectively own 41.85% of AppLovin.
• AppLovin faces shareholder litigation alleging that it overstated progress on its AI models and generative-AI video tool. The allegations contributed to a reported 20% selloff, and investors who purchased shares between February 12 and August 5, 2026, have until November 16 to seek lead-plaintiff status.
• Shares recently traded at $324.74, well below their 52-week high of $745.61, while analysts maintain a “Moderate Buy” consensus with an average price target of $529.39. The company’s latest quarter showed 52.8% year-over-year revenue growth, though revenue slightly missed expectations.

State Street Corp lifted its holdings in AppLovin Corporation (NASDAQ:APP - Free Report) by 28.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,095,667 shares of the company's stock after purchasing an additional 3,328,338 shares during the quarter. State Street Corp owned 4.51% of AppLovin worth $7,777,741,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Corient Private Wealth LLC raised its stake in shares of AppLovin by 3,118.6% during the 4th quarter. Corient Private Wealth LLC now owns 4,194,071 shares of the company's stock worth $2,826,049,000 after purchasing an additional 4,063,763 shares in the last quarter. Norges Bank acquired a new position in shares of AppLovin during the 4th quarter worth about $2,040,321,000. Bank of New York Mellon Corp bought a new stake in shares of AppLovin in the 2nd quarter valued at about $730,015,000. Fundsmith LLP acquired a new stake in AppLovin in the 2nd quarter valued at about $358,893,000. Finally, The Manufacturers Life Insurance Company grew its holdings in AppLovin by 409.6% during the second quarter. The Manufacturers Life Insurance Company now owns 776,097 shares of the company's stock worth $399,868,000 after purchasing an additional 623,815 shares during the period. 41.85% of the stock is owned by institutional investors and hedge funds.

AppLovin News Roundup

Here are the key news stories impacting AppLovin this week:

• Negative Sentiment: The lawsuit alleges that AppLovin overstated the pace of improvements to its AI models and the readiness of its generative-AI video tool. Management reportedly said in May that it had seen “faster improvements” and expected the video product to reach all accounts shortly, but later described model progress as “lighter than normal” and the tool as still a work in progress. The allegations followed a reported 20% stock selloff after the company’s August 5 update. AppLovin AI progress class action
• Negative Sentiment: Multiple law firms, including SBS, Kirby McInerney, Faruqi & Faruqi, Rosen, Bleichmar Fonti & Auld, and Bronstein Gewirtz & Grossman, are publicizing the pending shareholder litigation against AppLovin and certain executives. Continued legal publicity increases reputational, litigation-cost, and potential financial-liability concerns for investors. The claims have not been proven in court. SBS AppLovin securities lawsuit notice
• Neutral Sentiment: The notices remind investors who purchased AppLovin securities between February 12 and August 5, 2026, that November 16, 2026 is the deadline to seek appointment as lead plaintiff. These announcements are largely procedural repetitions rather than new operating or financial disclosures, but they keep the litigation overhang visible. Faruqi AppLovin class action reminder

Insider Buying and Selling at AppLovin

In other news, Director G Jr sold 3,076 shares of the business'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 owned 120,444 shares of the company's stock, valued at approximately $62,786,252.76. The trade was a 2.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 12.81% of the company's stock.

Analyst Upgrades and Downgrades

APP has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their price objective on AppLovin from $585.00 to $465.00 and set a "neutral" rating for the company in a research report on Thursday, August 6th. KeyCorp set a $775.00 price target on AppLovin in a research note on Wednesday, June 10th. Evercore reaffirmed an "outperform" rating and set a $510.00 price target on shares of AppLovin in a report on Tuesday, September 1st. UBS Group reduced their price objective on shares of AppLovin from $798.00 to $790.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, Phillip Securities upgraded shares of AppLovin from a "moderate buy" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Three 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's stock. According to data from MarketBeat.com, AppLovin currently has an average rating of "Moderate Buy" and a consensus price target of $529.39.

AppLovin Stock Performance

Shares of AppLovin stock traded down $5.43 on Tuesday, hitting $324.74. The stock had a trading volume of 1,628,223 shares, compared to its average volume of 5,638,109. The stock has a market cap of $108.67 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 0.64 and a beta of 2.49. 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 Corporation has a twelve month low of $297.50 and a twelve month high of $745.61. The business's 50 day moving average is $351.21 and its two-hundred day moving average is $433.36.

AppLovin (NASDAQ:APP - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $3.76 earnings per share for the quarter, hitting the consensus estimate 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 return on equity of 193.10% and a net margin of 64.58%.The firm's revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period last year, the firm posted $2.39 EPS. Analysts forecast that AppLovin Corporation will post 15.76 EPS for the current year.

AppLovin Company Profile

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.

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