State Street Corp Buys 3,328,338 Shares of AppLovin Corporation $APP

State Street Corp boosted its stake in shares of AppLovin Corporation (NASDAQ:APP) by 28.3% during the second quarter, Holdings Channel.com reports. The fund owned 15,095,667 shares of the company’s stock after acquiring an additional 3,328,338 shares during the period. State Street Corp’s holdings in AppLovin were worth $7,777,741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC bought a new position in AppLovin in the 2nd quarter valued at about $515,000. Talon Private Wealth LLC raised its position in AppLovin by 184.3% during the second quarter. Talon Private Wealth LLC now owns 3,915 shares of the company’s stock valued at $2,017,000 after purchasing an additional 2,538 shares in the last quarter. Bouchey Financial Group Ltd. acquired a new position in AppLovin during the second quarter valued at approximately $204,000. The Manufacturers Life Insurance Company lifted its stake in AppLovin by 409.6% during the second quarter. The Manufacturers Life Insurance Company now owns 776,097 shares of the company’s stock worth $399,868,000 after purchasing an additional 623,815 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of AppLovin by 5.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,837 shares of the company’s stock valued at $5,068,000 after purchasing an additional 508 shares in the last quarter. 41.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

APP has been the subject of a number of research analyst reports. Weiss Ratings raised AppLovin from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Bank of America reaffirmed a “neutral” rating and issued a $400.00 price objective (down from $430.00) on shares of AppLovin in a research note on Tuesday, August 11th. Scotiabank reiterated a “sector outperform” rating and issued a $515.00 target price on shares of AppLovin in a research report on Thursday, August 6th. KeyCorp set a $775.00 target price on shares of AppLovin in a report on Wednesday, June 10th. Finally, Phillip Securities upgraded shares of AppLovin from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $529.39.

Insiders Place Their Bets

In other AppLovin news, Director G Jr sold 3,076 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $521.29, for a total transaction of $1,603,488.04. Following the sale, the director directly owned 120,444 shares of the company’s stock, valued at $62,786,252.76. The trade was a 2.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.81% of the stock is owned by insiders.

AppLovin News Roundup

Here are the key news stories impacting AppLovin this week:

• Negative Sentiment: The lawsuit alleges that AppLovin overstated the pace of improvements to its AI models and the readiness of its generative-AI video tool. Management reportedly said in May that it had seen “faster improvements” and expected the video product to reach all accounts shortly, but later described model progress as “lighter than normal” and the tool as still a work in progress. The allegations followed a reported 20% stock selloff after the company’s August 5 update. AppLovin AI progress class action
• Negative Sentiment: Multiple law firms, including SBS, Kirby McInerney, Faruqi & Faruqi, Rosen, Bleichmar Fonti & Auld, and Bronstein Gewirtz & Grossman, are publicizing the pending shareholder litigation against AppLovin and certain executives. Continued legal publicity increases reputational, litigation-cost, and potential financial-liability concerns for investors. The claims have not been proven in court. SBS AppLovin securities lawsuit notice
• Neutral Sentiment: The notices remind investors who purchased AppLovin securities between February 12 and August 5, 2026, that November 16, 2026 is the deadline to seek appointment as lead plaintiff. These announcements are largely procedural repetitions rather than new operating or financial disclosures, but they keep the litigation overhang visible. Faruqi AppLovin class action reminder

AppLovin Price Performance

APP traded down $5.43 on Tuesday, reaching $324.74. The stock had a trading volume of 1,628,223 shares, compared to its average volume of 5,638,109. 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 company has a market capitalization of $108.67 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 0.64 and a beta of 2.49. AppLovin Corporation has a fifty-two week low of $297.50 and a fifty-two week high of $745.61. The firm has a 50-day moving average of $351.21 and a 200-day moving average of $433.36.

AppLovin (NASDAQ:APP) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $3.76 EPS for the quarter, meeting analysts’ consensus estimates of $3.76. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $2.39 earnings per share. As a group, sell-side analysts anticipate that AppLovin Corporation will post 15.76 EPS for the current year.

About AppLovin

AppLovin Corporation (NASDAQ: APP) is a technology company that provides software and services designed to help mobile application developers grow their businesses. Its platform supports user acquisition, advertising, monetization, measurement and other functions that enable developers to attract users and generate revenue from their applications.

AppLovin’s offerings include AXON, an artificial-intelligence-powered software engine used to optimize advertising and user-acquisition campaigns; MAX, a platform for managing in-app advertising and mediation; and AppDiscovery, which helps developers promote their applications.