AppLovin Corporation $APP Stock: GRIMES & Co WEALTH MANAGEMENT LLC Grows Position

GRIMES & Co WEALTH MANAGEMENT LLC boosted its position in shares of AppLovin Corporation (NASDAQ:APP) by 3,672.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 18,030 shares of the company’s stock after acquiring an additional 17,552 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in AppLovin were worth $5,236,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings 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 acquiring an additional 3,328,338 shares during the period. WCM Investment Management LLC increased its holdings in shares of AppLovin by 5.2% in the 1st quarter. WCM Investment Management LLC now owns 5,001,600 shares of the company’s stock valued at $1,860,995,000 after acquiring an additional 245,290 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AppLovin by 7.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,735,471 shares of the company’s stock valued at $894,167,000 after acquiring an additional 121,605 shares during the period. Bank of New York Mellon Corp purchased a new stake in AppLovin in the 2nd quarter valued at $730,015,000. Finally, Amundi boosted its stake in AppLovin by 19.5% during the 2nd quarter. Amundi now owns 1,332,633 shares of the company’s stock worth $686,612,000 after purchasing an additional 217,214 shares during the period. Hedge funds and other institutional investors own 41.85% of the company’s stock.

AppLovin Trading Up 0.2%

NASDAQ APP opened at $228.85 on Tuesday. The stock has a market capitalization of $76.58 billion, a P/E ratio of 17.59, a P/E/G ratio of 0.54 and a beta of 2.56. AppLovin Corporation has a 52-week low of $225.19 and a 52-week high of $738.01. The firm has a 50-day moving average price of $292.66 and a 200 day moving average price of $415.38. The company has a quick ratio of 4.30, a current ratio of 4.30 and a debt-to-equity ratio of 1.11.

AppLovin (NASDAQ:APP) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $3.76 EPS for the quarter, meeting analysts’ consensus estimates of $3.76. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the firm earned $2.39 earnings per share. The firm’s revenue was up 52.8% compared to the same quarter last year. Equities research analysts expect that AppLovin Corporation will post 15.61 EPS for the current year.

Key Stories Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin’s underlying business remains strong: revenue increased 52.8% year over year in its latest reported quarter, while net margin reached 64.58%. Analysts and investors continue to see potential for the company’s AI advertising engine to support substantial long-term growth. AppLovin Is the Worst-Performing Stock in the S&P 500 This Year
• Positive Sentiment: Citi reportedly believes the stock could potentially double, arguing that recent weakness may be excessive because AppLovin’s revenue continued to grow despite a decline in ad-driven installs. Upcoming third-quarter results could provide a catalyst if management demonstrates continued execution. AppLovin Sank 12% in a Week to a New 52-Week Low
• Neutral Sentiment: Investors are focused on the upcoming third-quarter earnings report, particularly revenue growth, advertising demand, AI model improvements, and the outlook for the self-service platform. Strong results could help rebuild confidence, but downward estimate revisions have increased uncertainty. Should AppLovin Stock Be in Your Portfolio Before Q3 Earnings?
• Negative Sentiment: Multiple law firms are promoting a securities class action covering investors who bought AppLovin securities from February 12 through August 5, 2026. The allegations center on potential misstatements or omissions regarding AI product growth and the pace of model improvement; the lead-plaintiff deadline is November 16, 2026. The litigation adds reputational, financial, and headline risk after earlier reports and second-quarter results caused the stock to fall. AppLovin Corporation Class Action Lawsuit

Analyst Ratings Changes

Several brokerages have issued reports on APP. Royal Bank Of Canada lowered their price objective on shares of AppLovin from $575.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 28th. The Goldman Sachs Group decreased their target price on shares of AppLovin from $465.00 to $400.00 and set a “neutral” rating for the company in a research note on Wednesday, October 14th. UBS Group lowered their price target on AppLovin from $790.00 to $414.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. BTIG Research dropped their price target on AppLovin from $408.00 to $396.00 and set a “buy” rating on the stock in a research report on Tuesday, September 8th. Finally, Bank of America cut AppLovin from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $430.00 to $400.00 in a research report on Tuesday, August 11th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $491.64.

About AppLovin

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.