AppLovin (NASDAQ:APP) Shares Acquired by Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of AppLovin Corporation (NASDAQ:APP). In a filing disclosed on October 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in AppLovin stock on September 18th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Benchmark Electronics (NYSE:BHE) on 10/1/2026.
• Sold $1,001 – $15,000 in shares of Oxford Industries (NYSE:OXM) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of Semtech (NASDAQ:SMTC) on 9/29/2026.
• Sold $15,001 – $50,000 in shares of ITT (NYSE:ITT) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of BridgeBio Pharma (NASDAQ:BBIO) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Tandem Diabetes Care (NASDAQ:TNDM) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Cytokinetics (NASDAQ:CYTK) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of Ultragenyx Pharmaceutical (NASDAQ:RARE) on 9/29/2026.
• Purchased $1,001 – $15,000 in shares of YETI (NYSE:YETI) on 9/29/2026.
• Sold $1,001 – $15,000 in shares of AtriCure (NASDAQ:ATRC) on 9/29/2026.

AppLovin Price Performance

NASDAQ APP opened at $272.28 on Wednesday. AppLovin Corporation has a 1 year low of $266.84 and a 1 year high of $738.01. The company has a fifty day simple moving average of $311.01 and a 200 day simple moving average of $413.90. 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 cap of $91.12 billion, a P/E ratio of 20.93, a P/E/G ratio of 0.57 and a beta of 2.56.

AppLovin (NASDAQ:APP) last announced its earnings results on Wednesday, August 5th. The company reported $3.76 EPS for the quarter, hitting the consensus estimate of $3.76. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. AppLovin had a net margin of 64.58% and a return on equity of 193.10%. The business’s quarterly revenue was up 52.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.39 EPS. On average, sell-side analysts predict that AppLovin Corporation will post 15.68 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on APP. Phillip Securities raised AppLovin from a “moderate buy” rating to a “strong-buy” rating and lowered their price target for the company from $635.00 to $610.00 in a research report on Tuesday, August 11th. Wedbush decreased their target price on AppLovin from $640.00 to $610.00 and set an “outperform” rating for the company in a research note on Thursday, August 6th. Loop Capital dropped their price target on AppLovin from $860.00 to $600.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Piper Sandler reaffirmed a “neutral” rating on shares of AppLovin in a research report on Friday, October 2nd. Finally, Raymond James Financial cut their price target on AppLovin from $640.00 to $590.00 in a report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $515.43.

Hedge Funds Weigh In On AppLovin

Large investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC grew its holdings in AppLovin by 3,118.6% during the fourth quarter. Corient Private Wealth LLC now owns 4,194,071 shares of the company’s stock valued at $2,826,049,000 after purchasing an additional 4,063,763 shares during the period. State Street Corp raised its holdings in AppLovin by 28.3% in the second quarter. State Street Corp now owns 15,095,667 shares of the company’s stock worth $7,777,741,000 after purchasing an additional 3,328,338 shares during the period. Bank of New York Mellon Corp acquired a new stake in AppLovin in the second quarter worth $730,015,000. Fundsmith LLP bought a new position in shares of AppLovin during the second quarter worth $358,893,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of AppLovin by 409.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 776,097 shares of the company’s stock valued at $399,868,000 after buying an additional 623,815 shares during the period. Institutional investors and hedge funds own 41.85% of the company’s stock.

Key Headlines Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Oppenheimer reduced its AppLovin price target to $490 from $560 but maintained an Outperform rating. The revised target still implies roughly 80% upside, suggesting the firm believes the company’s advertising technology and AI-driven growth potential remain attractive after the steep selloff. Oppenheimer Cut Its AppLovin Target. It Still Sees 80% Upside
• Positive Sentiment: Analyst-rating coverage continues to show an average Buy recommendation. Other commentary highlights AppLovin’s strong profitability, including a reported net margin above 60% and significant free cash flow, which may support the bullish case despite valuation and execution concerns. Brokers Suggest Investing in AppLovin
• Neutral Sentiment: The stock’s decline has brought its valuation closer to historical support levels, but its beta of 2.56 and position below its 50-day and 200-day moving averages indicate continued volatility and weak technical momentum.
• Negative Sentiment: Several law firms announced or promoted a securities class action against AppLovin and certain executives. The lawsuits allege that the company overstated the reliability of its AI advertising models, “virtuous cycle” and compounding-growth claims, and projected revenue from AI products and its self-service platform. The cases cover investors who purchased shares between February 12 and August 5, 2026, with a lead-plaintiff deadline of November 16. These are allegations, not findings of wrongdoing, but the legal uncertainty adds pressure to the stock. Pomerantz Class Action Announcement

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

AppLovin Company Profile

AppLovin Corporation is a technology company that provides software and services designed to help mobile application developers grow, monetize and analyze their businesses. Its platform supports user acquisition, advertising, in-app monetization and performance measurement for mobile apps.

The company’s products include MAX, a software platform that helps developers manage in-app advertising and maximize advertising revenue, as well as AppDiscovery, which supports app marketing and user acquisition.