AppLovin (NASDAQ:APP) Stock Jumps 3.9% - Here's What Happened

AppLovin Corporation (NASDAQ:APP - Get Free Report)'s stock price was up 3.9% during trading on Friday. The stock traded as high as $413.88 and last traded at $409.10. 3,415,476 shares changed hands during trading, a decline of 39% from the average daily volume of 5,605,706 shares. The stock had previously closed at $393.68.

Latest AppLovin News

These are some of the APP news items that stood out recently:

• Positive Sentiment: AppLovin reported strong third-quarter results, with revenue and earnings above expectations, and announced fourth-quarter guidance and a larger share-repurchase plan. These results have helped fuel a recent rally. Read More.
• Negative Sentiment: Multiple law firms publicized a pending securities class action covering investors who bought shares from February 12 to August 5, 2026. The suit alleges executives made misleading statements about the readiness, integration and adoption of AppLovin’s AI models and self-service ad tools; these are allegations, not established findings. The November 16 lead-plaintiff deadline is prompting a flurry of notices, which may keep legal and reputational risks in focus. Read More. · Read More.
• Negative Sentiment: ETFs were reported to be net sellers of $16.7 million in APP shares on November 11, a modest indication of institutional selling pressure. Read More.

Wall Street Analyst Weigh In

Several research analysts have commented on APP shares. BTIG Research raised their price target on shares of AppLovin from $396.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, November 5th. Jefferies Financial Group reduced their price target on shares of AppLovin from $550.00 to $375.00 and set a "buy" rating for the company in a research report on Thursday, October 8th. The Goldman Sachs Group upped their price target on shares of AppLovin from $400.00 to $445.00 and gave the stock a "neutral" rating in a report on Thursday, November 5th. Benchmark dropped their price objective on AppLovin from $500.00 to $440.00 and set a "buy" rating for the company in a research note on Monday, August 17th. Finally, Weiss Ratings upgraded AppLovin from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, October 16th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $497.93.

AppLovin Price Performance

The company has a market capitalization of $136.91 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 0.82 and a beta of 2.51. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 1.07. The firm's 50-day moving average is $300.22 and its 200-day moving average is $407.35.

AppLovin (NASDAQ:APP - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported $4.30 earnings per share for the quarter, beating analysts' consensus estimates of $4.03 by $0.27. AppLovin had a return on equity of 182.97% and a net margin of 65.89%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the business posted $2.45 earnings per share. The company's revenue for the quarter was up 55.5% on a year-over-year basis. Equities analysts predict that AppLovin Corporation will post 16.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AppLovin

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of AppLovin by 28.3% during 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 during the last quarter. WCM Investment Management LLC boosted its holdings in 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 acquiring an additional 245,290 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 worth $894,167,000 after acquiring an additional 121,605 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in AppLovin in the 2nd quarter worth approximately $730,015,000. Finally, Amundi increased its stake in AppLovin by 19.5% in the 2nd quarter. Amundi now owns 1,332,633 shares of the company's stock worth $686,612,000 after purchasing an additional 217,214 shares during the period. Hedge funds and other institutional investors own 41.85% of the company's stock.

About AppLovin

AppLovin is a technology company that provides software to help mobile app developers and advertisers grow their businesses. Its platform connects advertisers seeking users with app publishers looking to monetize their audiences, using data and machine-learning tools to support advertising and user acquisition. The company's products include AXON, its advertising optimization engine; AppDiscovery, which helps advertisers find and acquire users; and MAX, a platform for managing in-app advertising.

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