Totem Point Management LLC Lowers Stake in AppLovin Corporation $APP

Posted by Stanley Muller on Jun 17th, 2026

Totem Point Management LLC cut its stake in AppLovin Corporation (NASDAQ:APP – Free Report) by 66.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,457 shares of the company’s stock after selling 4,846 shares during the quarter. AppLovin comprises approximately 1.7% of Totem Point Management LLC’s portfolio, making the stock its 12th biggest holding. Totem Point Management LLC’s holdings in AppLovin were worth $1,656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Siemens Fonds Invest GmbH lifted its stake in AppLovin by 27.5% in the 4th quarter. Siemens Fonds Invest GmbH now owns 7,052 shares of the company’s stock valued at $4,892,000 after buying an additional 1,519 shares in the last quarter. Mangrove Partners IM LLC purchased a new position in AppLovin in the 4th quarter valued at about $1,224,000. Graham Capital Management L.P. purchased a new position in AppLovin in the 4th quarter valued at about $2,021,000. Howe & Rusling Inc. lifted its stake in AppLovin by 15.8% in the 4th quarter. Howe & Rusling Inc. now owns 550 shares of the company’s stock valued at $371,000 after buying an additional 75 shares in the last quarter. Finally, Polar Capital Holdings Plc lifted its stake in AppLovin by 13.3% in the 4th quarter. Polar Capital Holdings Plc now owns 241,533 shares of the company’s stock valued at $162,750,000 after buying an additional 28,416 shares in the last quarter. 41.85% of the stock is owned by hedge funds and other institutional investors.

AppLovin Stock Down 1.1%

APP stock opened at $515.20 on Wednesday. The firm has a 50-day moving average of $488.14 and a two-hundred day moving average of $519.82. The company has a market cap of $173.08 billion, a price-to-earnings ratio of 44.26, a PEG ratio of 0.85 and a beta of 2.45. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 1.49. AppLovin Corporation has a 12 month low of $320.00 and a 12 month high of $745.61.

AppLovin (NASDAQ:APP – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.12. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.77 billion. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The business’s revenue was up 58.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 EPS. As a group, analysts forecast that AppLovin Corporation will post 15.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating on shares of AppLovin in a research note on Wednesday, June 10th. Wells Fargo & Company increased their price objective on shares of AppLovin from $560.00 to $571.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $660.00 price objective on shares of AppLovin in a report on Thursday, May 7th. Argus started coverage on shares of AppLovin in a report on Tuesday, April 14th. They issued a “buy” rating and a $520.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of AppLovin from $500.00 to $515.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $669.62.

Read Our Latest Stock Analysis on AppLovin

AppLovin News Roundup

Here are the key news stories impacting AppLovin this week:

Positive Sentiment: AppLovin was featured as a top long-term growth stock by Zacks, which can boost investor confidence by pointing to strong style-score and growth-screening characteristics. Why AppLovin (APP) is a Top Growth Stock for the Long-Term
Positive Sentiment: Several reports said analysts view AppLovin as one of the best S&P 500 stocks to buy now, reinforcing the idea that Wall Street remains constructive on the company’s growth outlook. Here is Why AppLovin (APP) is One of the Best S&P 500 Stocks to Buy Now According to Analysts
Positive Sentiment: The stock benefited from a broader risk-on move after yields fell and market sentiment improved, helping AppLovin extend a rebound alongside other growth names. AppLovin and Elastic Shares Are Soaring, What You Need To Know
Positive Sentiment: AppLovin was also highlighted in investor-focused coverage as a trending growth stock, which can attract momentum buyers when a stock is already on traders’ watchlists. Is Trending Stock AppLovin Corporation (APP) a Buy Now?
Neutral Sentiment: Additional articles repeated the same bullish thesis around AppLovin’s AI-enabled advertising tools and insider ownership, but did not appear to add materially new company-specific news.
Neutral Sentiment: Pixalate’s trust-index release named AppLovin among leaders in mobile ad inventory quality, which is supportive for the business but not necessarily a direct near-term stock catalyst. Pixalate Releases Q1 2026 Mobile Seller Trust Index 2.0: 16.2% of Global Authorized Mobile App Inventory Is Resold Through Arbitrage; Google AdExchange Top-Ranked ‘Direct’ Seller in the US
Negative Sentiment: One article noted AppLovin’s stock had fallen meaningfully over the prior six months, reminding investors that the name remains volatile despite the recent rebound. 3 Reasons We’re Fans of AppLovin (APP)

Insider Buying and Selling at AppLovin

In other news, insider Victoria Valenzuela sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $565.89, for a total transaction of $11,317,800.00. Following the completion of the sale, the insider owned 243,961 shares in the company, valued at $138,055,090.29. This trade represents a 7.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Vasily Shikin sold 8,112 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $483.67, for a total transaction of $3,923,531.04. Following the sale, the chief technology officer owned 18,805 shares of the company’s stock, valued at $9,095,414.35. This represents a 30.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 226,014 shares of company stock worth $113,073,400. Insiders own 13.66% of the company’s stock.

AppLovin Company Profile

(Free Report)

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.