Sumitomo Mitsui Trust Group Inc. Trims Stock Holdings in AppLovin Corporation $APP

Posted by Brian Himes on Jul 10th, 2026

Sumitomo Mitsui Trust Group Inc. lowered its stake in AppLovin Corporation (NASDAQ:APP – Free Report) by 4.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 550,338 shares of the company’s stock after selling 26,371 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in AppLovin were worth $219,035,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of APP. Board of the Pension Protection Fund purchased a new stake in shares of AppLovin in the 4th quarter valued at approximately $27,000. Washington Trust Advisors Inc. boosted its position in shares of AppLovin by 160.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 39 shares of the company’s stock worth $27,000 after purchasing an additional 24 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in shares of AppLovin during the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new stake in AppLovin in the 4th quarter valued at approximately $32,000. Finally, First Pacific Financial acquired a new stake in AppLovin in the 1st quarter valued at approximately $33,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wedbush reissued an “outperform” rating and issued a $640.00 target price on shares of AppLovin in a research report on Thursday, May 7th. UBS Group dropped their price objective on AppLovin from $740.00 to $716.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Morgan Stanley reiterated an “overweight” rating on shares of AppLovin in a report on Wednesday, May 27th. Needham & Company LLC reissued a “buy” rating and set a $700.00 target price on shares of AppLovin in a research note on Thursday, May 28th. Finally, BTIG Research restated a “buy” rating and set a $640.00 target price on shares of AppLovin in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, AppLovin currently has an average rating of “Moderate Buy” and an average target price of $668.45.

Get Our Latest Research Report on AppLovin

Insider Buying and Selling at AppLovin

In related news, Director Eduardo Vivas sold 163,910 shares of AppLovin stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $504.06, for a total value of $82,620,474.60. Following the completion of the transaction, the director owned 6,785,087 shares in the company, valued at $3,420,090,953.22. The trade was a 2.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew Stumpf sold 9,052 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $600.00, for a total transaction of $5,431,200.00. Following the transaction, the chief financial officer owned 177,450 shares of the company’s stock, valued at $106,470,000. This trade represents a 4.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 393,000 shares of company stock valued at $197,297,363. 13.66% of the stock is currently owned by company insiders.

AppLovin Trading Down 0.3%

NASDAQ:APP opened at $520.43 on Friday. AppLovin Corporation has a 12-month low of $332.32 and a 12-month high of $745.61. The firm has a market cap of $174.83 billion, a PE ratio of 44.71, a price-to-earnings-growth ratio of 0.85 and a beta of 2.49. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 1.49. The stock has a fifty day moving average price of $507.88 and a 200 day moving average price of $499.10.

AppLovin (NASDAQ:APP – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.12. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.77 billion. AppLovin had a return on equity of 219.37% and a net margin of 64.29%.AppLovin’s revenue was up 58.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.67 EPS. Sell-side analysts anticipate that AppLovin Corporation will post 15.93 earnings per share for the current fiscal year.

About AppLovin

(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.