Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of AppLovin Corporation (NASDAQ:APP). In a filing disclosed on October 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in AppLovin stock on September 18th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.
Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):
- Purchased $15,001 – $50,000 in shares of Benchmark Electronics (NYSE:BHE) on 10/1/2026.
- Sold $1,001 – $15,000 in shares of Oxford Industries (NYSE:OXM) on 9/29/2026.
- Sold $1,001 – $15,000 in shares of Semtech (NASDAQ:SMTC) on 9/29/2026.
- Sold $15,001 – $50,000 in shares of ITT (NYSE:ITT) on 9/29/2026.
- Sold $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 9/29/2026.
- Purchased $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 9/29/2026.
- Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 9/29/2026.
- Purchased $1,001 – $15,000 in shares of Ultragenyx Pharmaceutical (NASDAQ:RARE) on 9/29/2026.
- Purchased $1,001 – $15,000 in shares of YETI (NYSE:YETI) on 9/29/2026.
- Sold $1,001 – $15,000 in shares of AtriCure (NASDAQ:ATRC) on 9/29/2026.
AppLovin Stock Down 3.7%
Shares of APP stock opened at $262.19 on Thursday. AppLovin Corporation has a 52-week low of $261.00 and a 52-week high of $738.01. The stock has a market cap of $87.74 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.57 and a beta of 2.56. The firm’s 50-day moving average is $307.90 and its 200-day moving average is $413.00. The company has a debt-to-equity ratio of 1.11, a quick ratio of 4.30 and a current ratio of 4.30.
Wall Street Analyst Weigh In
APP has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price target on shares of AppLovin from $700.00 to $575.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Scotiabank restated a “sector outperform” rating and set a $515.00 price objective (down from $775.00) on shares of AppLovin in a report on Thursday, August 6th. Raymond James Financial decreased their target price on AppLovin from $640.00 to $590.00 in a research report on Thursday, August 6th. Wedbush lowered their target price on AppLovin from $610.00 to $560.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Evercore reiterated an “outperform” rating and set a $510.00 target price (down from $630.00) on shares of AppLovin in a research note on Tuesday, September 1st. Three equities research 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. According to data from MarketBeat.com, AppLovin presently has a consensus rating of “Moderate Buy” and a consensus price target of $511.32.
Read Our Latest Research Report on AppLovin
Key Headlines Impacting AppLovin
Here are the key news stories impacting AppLovin this week:
- Positive Sentiment: Wedbush said its advertiser checks indicate AppLovin maintained stable market share in the third quarter, while customers anticipate an e-commerce-led increase in advertising spending during the fourth quarter. The firm views the upcoming Q3 results as an important test of AppLovin’s updated business model. AppLovin Q3 seen by Wedbush as key test of model update
- Positive Sentiment: Wedbush maintained an “outperform” rating and lowered its price target from $610 to $560, still implying significant potential upside from recent levels. The target reduction reflects more conservative estimates rather than a change to the firm’s constructive long-term view. Wedbush AppLovin price target update
- Neutral Sentiment: Analyst and investor commentary is split: AppLovin’s strong second-quarter revenue growth and high profitability support the bull case, but the stock’s decline has raised questions about slowing advertising growth, valuation, and whether market-share gains have stalled. AppLovin Following Strong Q2 Results Has Its Valuation Story Changed
- Negative Sentiment: Several law firms publicized a securities-fraud class action covering investors who purchased APP securities from February 12 through August 5, 2026. The complaints allege AppLovin overstated the reliability of its AI advertising models, projected AI-product revenue growth, and the readiness of its generative-AI video creative tool. The allegations have not been proven, but the litigation adds reputational, financial, and headline risk; investors have until November 16, 2026, to seek lead-plaintiff status. AppLovin class action lawsuit
Institutional Trading of AppLovin
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Signature Estate & Investment Advisors LLC increased its stake in AppLovin by 3,695.3% in the second quarter. Signature Estate & Investment Advisors LLC now owns 76,361 shares of the company’s stock valued at $39,345,000 after acquiring an additional 74,349 shares during the last quarter. Insight Wealth Strategies LLC purchased a new stake in AppLovin during the second quarter valued at about $6,939,000. Generate Investment Management Ltd bought a new stake in AppLovin during the second quarter worth about $7,226,000. Nykredit A S bought a new stake in AppLovin during the second quarter worth about $41,902,000. Finally, Saudi Central Bank lifted its stake in AppLovin by 88.7% during the second quarter. Saudi Central Bank now owns 16,070 shares of the company’s stock worth $8,280,000 after purchasing an additional 7,555 shares during the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.
About Representative Cisneros
Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.
Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.
About AppLovin
AppLovin Corporation is a technology company that provides software and services designed to help mobile application developers grow, monetize and analyze their businesses. Its platform supports user acquisition, advertising, in-app monetization and performance measurement for mobile apps.
The company’s products include MAX, a software platform that helps developers manage in-app advertising and maximize advertising revenue, as well as AppDiscovery, which supports app marketing and user acquisition.
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