AppLovin (NASDAQ:APP) Stock Price Up 2.3% – Here’s Why

AppLovin Corporation (NASDAQ:APP)’s share price traded up 2.3% during trading on Wednesday. The company traded as high as $413.60 and last traded at $404.77. Approximately 4,637,551 shares were traded during mid-day trading, a decline of 18% from the average session volume of 5,627,349 shares. The stock had previously closed at $395.51.

Latest AppLovin News

These are some of the APP news items that stood out recently:

• Positive Sentiment: AppLovin reported strong third-quarter results, with revenue and earnings above expectations, and announced fourth-quarter guidance and a larger share-repurchase plan. These results have helped fuel a recent rally. Read More.
• Negative Sentiment: Multiple law firms publicized a pending securities class action covering investors who bought shares from February 12 to August 5, 2026. The suit alleges executives made misleading statements about the readiness, integration and adoption of AppLovin’s AI models and self-service ad tools; these are allegations, not established findings. The November 16 lead-plaintiff deadline is prompting a flurry of notices, which may keep legal and reputational risks in focus. Read More. · Read More.
• Negative Sentiment: ETFs were reported to be net sellers of $16.7 million in APP shares on November 11, a modest indication of institutional selling pressure. Read More.

Analysts Set New Price Targets

A number of research firms have recently weighed in on APP. Daiwa Securities Group dropped their price objective on AppLovin from $569.00 to $345.00 and set an “outperform” rating for the company in a research note on Wednesday, August 19th. Jefferies Financial Group cut their target price on shares of AppLovin from $550.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday, October 8th. Deutsche Bank decreased their target price on shares of AppLovin from $660.00 to $580.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Royal Bank Of Canada upped their price target on shares of AppLovin from $500.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, November 5th. Finally, Phillip Securities raised shares of AppLovin from a “moderate buy” rating to a “strong-buy” rating and dropped their price target for the company from $635.00 to $610.00 in a research report on Tuesday, August 11th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $497.93.

AppLovin Price Performance

The business has a 50-day simple moving average of $300.22 and a 200 day simple moving average of $407.35. The firm has a market cap of $136.91 billion, a P/E ratio of 27.53, a price-to-earnings-growth ratio of 0.82 and a beta of 2.51. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.80 and a current ratio of 3.80.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $4.30 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.27. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.07 billion. AppLovin had a return on equity of 182.97% and a net margin of 65.89%. The business’s quarterly revenue was up 55.5% compared to the same quarter last year. During the same period last year, the company earned $2.45 EPS. On average, analysts anticipate that AppLovin Corporation will post 16.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in APP. State Street Corp boosted its stake in shares of AppLovin by 28.3% during the 2nd quarter. State Street Corp now owns 15,095,667 shares of the company’s stock valued at $7,777,741,000 after purchasing an additional 3,328,338 shares in the last quarter. Bank of New York Mellon Corp bought a new position in AppLovin in the second quarter worth about $730,015,000. Aberdeen Group plc lifted its holdings in AppLovin by 2,693.5% in the third quarter. Aberdeen Group plc now owns 875,345 shares of the company’s stock worth $254,226,000 after buying an additional 844,010 shares during the period. Fundsmith LLP purchased a new stake in AppLovin in the second quarter worth about $358,893,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in AppLovin by 409.6% in the second quarter. The Manufacturers Life Insurance Company now owns 776,097 shares of the company’s stock worth $399,868,000 after buying an additional 623,815 shares during the period. 41.85% of the stock is owned by hedge funds and other institutional investors.

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.