Nemes Rush Group LLC boosted its position in shares of AppLovin Corporation (NASDAQ:APP – Free Report) by 306.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,726 shares of the company’s stock after buying an additional 1,301 shares during the quarter. Nemes Rush Group LLC’s holdings in AppLovin were worth $501,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new stake in shares of AppLovin during the first quarter worth $25,000. Rachor Investment Advisory Services LLC bought a new position in AppLovin in the third quarter valued at about $25,000. Pioneer Family Office LLC acquired a new stake in AppLovin in the second quarter worth about $31,000. IMA Advisory Services Inc. increased its position in AppLovin by 40.0% in the first quarter. IMA Advisory Services Inc. now owns 84 shares of the company’s stock worth $33,000 after purchasing an additional 24 shares during the period. Finally, OFI Invest Asset Management increased its position in AppLovin by 16.3% in the second quarter. OFI Invest Asset Management now owns 68,739 shares of the company’s stock worth $35,000 after purchasing an additional 9,615 shares during the period. 41.85% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
APP has been the topic of a number of research reports. Royal Bank Of Canada upped their target price on shares of AppLovin from $500.00 to $520.00 and gave the company an “outperform” rating in a research report on Thursday, November 5th. Bank of America lowered shares of AppLovin from a “buy” rating to a “neutral” rating and reduced their target price for the company from $430.00 to $400.00 in a research note on Tuesday, August 11th. Wells Fargo & Company lifted their price target on shares of AppLovin from $325.00 to $347.00 and gave the stock an “equal weight” rating in a research report on Friday. Scotiabank dropped their price target on shares of AppLovin from $515.00 to $450.00 and set a “sector outperform” rating for the company in a research note on Thursday. Finally, UBS Group cut their price objective on shares of AppLovin from $790.00 to $414.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.93.
Check Out Our Latest Research Report on AppLovin
AppLovin News Summary
Here are the key news stories impacting AppLovin this week:
- Positive Sentiment: AppLovin’s third-quarter revenue rose 55% year over year, and its fourth-quarter outlook topped expectations. Coverage says the results helped fuel a sharp recent rally; the company’s growth and the potential for further rollout of its ad models are cited as reasons for optimism. AppLovin Shares Surge as Revenue Continues to Soar
- Positive Sentiment: A Zacks analysis says AppLovin’s above-average financial growth could help it outperform the market, reinforcing the bullish growth narrative. Zacks growth-investor analysis
- Negative Sentiment: Several law firms are publicizing a pending securities class action for investors who bought shares from February 12 through August 5, 2026. The suit alleges the company misrepresented the progress and adoption of its AI models and self-service ad tools; these are allegations, not established findings. The lead-plaintiff deadline is November 16. The litigation could create legal costs and weigh on sentiment. Hagens Berman class-action notice
AppLovin Price Performance
Shares of APP opened at $410.00 on Tuesday. The stock has a market cap of $137.21 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 0.60 and a beta of 2.51. AppLovin Corporation has a 1 year low of $225.19 and a 1 year high of $738.01. The stock’s 50-day moving average price is $295.20 and its two-hundred day moving average price is $409.29. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11.
AppLovin (NASDAQ:APP – Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $4.30 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.27. AppLovin had a return on equity of 196.31% and a net margin of 65.89%. The company had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the business posted $2.45 EPS. AppLovin’s revenue was up 55.5% on a year-over-year basis. On average, equities analysts predict that AppLovin Corporation will post 16.18 earnings per share for the current year.
AppLovin Company Profile
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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