AppLovin Corporation $APP Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in AppLovin Corporation (NASDAQ:APP) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 532,426 shares of the company’s stock after selling 27,996 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.16% of AppLovin worth $154,632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of APP. State Street Corp increased its position in shares of AppLovin by 28.3% in 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 in the last quarter. Bank of New York Mellon Corp acquired a new stake in AppLovin in the 2nd quarter valued at $730,015,000. Fundsmith LLP purchased a new stake in AppLovin in the 2nd quarter worth $358,893,000. The Manufacturers Life Insurance Company increased its holdings in AppLovin by 409.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 776,097 shares of the company’s stock worth $399,868,000 after acquiring an additional 623,815 shares in the last quarter. Finally, AMF Tjanstepension AB raised its position in AppLovin by 843.2% during the third quarter. AMF Tjanstepension AB now owns 433,162 shares of the company’s stock worth $125,803,000 after acquiring an additional 387,237 shares during the period. Institutional investors and hedge funds own 41.85% of the company’s stock.

AppLovin News Roundup

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin continues to attract bullish attention from some Wall Street analysts. Its average brokerage recommendation remains equivalent to a Buy, while previously published price targets are substantially above the current trading level. AppLovin also delivered strong growth in 2025 and has expanded its software-based advertising business. Is AppLovin a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: Wurl, AppLovin’s subsidiary, launched a Content Intelligence Platform designed to improve transparency and measurement in connected-TV advertising. The initiative could support AppLovin’s expansion into additional digital-advertising channels. AppLovin Flags CTV Ad Transparency Gaps
• Neutral Sentiment: Institutional positioning is mixed: 712 investors added APP shares in their latest reported quarter, while 765 reduced positions. Large purchases by Invesco, Capital World Investors, and JPMorgan contrast with complete or sizable reductions by some other funds.
• Negative Sentiment: Investor concern has intensified ahead of the November 4 earnings report. Recent commentary points to stable rather than accelerating advertiser demand, more conservative estimates, and questions about whether improvements to AppLovin’s advertising models are continuing at the earlier pace. AppLovin Slides as Investors Weigh Slower Growth Signals
• Negative Sentiment: Multiple law firms reported a securities class action covering investors who purchased APP securities from February 12 through August 5, 2026. The allegations center on disclosures about AI advertising-model improvements and the readiness of AppLovin’s generative-AI video tool. The lead-plaintiff deadline is November 16, adding legal and reputational risk. AppLovin Faces Securities Fraud Class Action
• Negative Sentiment: Reported insider activity has consisted entirely of sales over the past six months, including sales by the CEO and chief technology officer. Although insider sales do not necessarily indicate deteriorating fundamentals, the pattern may weigh on sentiment while the stock remains well below its 52-week high.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. HSBC dropped their target price on shares of AppLovin from $450.00 to $409.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. BTIG Research reduced their price target on shares of AppLovin from $408.00 to $396.00 and set a “buy” rating for the company in a research report on Tuesday, September 8th. Evercore reaffirmed an “outperform” rating and issued a $510.00 price target (down from $630.00) on shares of AppLovin in a research note on Tuesday, September 1st. William Blair set a $440.00 price objective on AppLovin in a report on Monday, August 17th. Finally, Bank of America cut 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 report on Tuesday, August 11th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $491.64.

AppLovin Price Performance

APP stock opened at $228.50 on Monday. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average of $294.20 and a two-hundred day moving average of $417.58. AppLovin Corporation has a 12 month low of $225.19 and a 12 month high of $738.01. The company has a market cap of $76.47 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 0.51 and a beta of 2.51.

AppLovin (NASDAQ:APP) last issued its earnings results on Wednesday, August 5th. The company reported $3.76 earnings per share for the quarter, hitting the consensus estimate of $3.76. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. AppLovin had a return on equity of 193.10% and a net margin of 64.58%. The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.39 EPS. As a group, analysts forecast that AppLovin Corporation will post 15.61 earnings per share for the current fiscal year.

AppLovin Profile

AppLovin Corporation is a technology company that provides software and services designed to help mobile application developers grow, monetize and operate their businesses. Its platform supports user acquisition, advertising, mediation, analytics and other functions across the mobile app ecosystem.

The company’s principal products include AppDiscovery, which helps developers market their applications and acquire users; MAX, an in-app bidding and monetization platform; and its AXON technology, an artificial intelligence-powered engine intended to improve advertising performance and match users with relevant applications and content.