AppLovin Corporation $APP Stock: Pictet Asset Management Holding SA Decreases Holdings

Pictet Asset Management Holding SA trimmed its holdings in shares of AppLovin Corporation (NASDAQ:APP) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,012 shares of the company’s stock after selling 6,754 shares during the quarter. Pictet Asset Management Holding SA’s holdings in AppLovin were worth $28,756,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Formidable Asset Management LLC bought a new stake in AppLovin in the 3rd quarter valued at about $232,000. Asset Dedication LLC increased its holdings in shares of AppLovin by 132.7% during the third quarter. Asset Dedication LLC now owns 456 shares of the company’s stock worth $132,000 after purchasing an additional 260 shares during the period. Alps Advisors Inc. increased its holdings in shares of AppLovin by 13.9% during the third quarter. Alps Advisors Inc. now owns 9,144 shares of the company’s stock worth $2,656,000 after purchasing an additional 1,117 shares during the period. International Assets Investment Management LLC increased its holdings in shares of AppLovin by 69.9% during the third quarter. International Assets Investment Management LLC now owns 11,228 shares of the company’s stock worth $3,261,000 after purchasing an additional 4,619 shares during the period. Finally, Calamos Advisors LLC raised its position in shares of AppLovin by 41.5% in the third quarter. Calamos Advisors LLC now owns 61,354 shares of the company’s stock valued at $17,819,000 after buying an additional 17,996 shares in the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.

AppLovin Stock Down 3.5%

NASDAQ APP opened at $395.51 on Wednesday. The business has a fifty day moving average price of $296.87 and a two-hundred day moving average price of $408.66. The stock has a market capitalization of $132.36 billion, a PE ratio of 26.62, a PEG ratio of 0.83 and a beta of 2.51. AppLovin Corporation has a fifty-two week low of $225.19 and a fifty-two week high of $738.01. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.80 and a quick ratio of 3.80.

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

AppLovin News Roundup

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin reported third-quarter revenue of $2.18 billion, up 55.5% year over year, and earnings per share of $4.30, above the $4.03 consensus estimate. Coverage also highlighted upbeat fourth-quarter guidance and triple-digit growth in e-commerce advertiser spending, reinforcing the growth case. Article: AppLovin: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Recent commentary suggests investors are weighing the pace and durability of growth—not just the roughly 50% year-over-year revenue increase—including quarter-to-quarter trends and elevated expectations after the post-earnings rally. Article: AppLovin stock volatility and revenue growth
• Negative Sentiment: Multiple law firms publicized a securities class action and a November 16 lead-plaintiff deadline. The lawsuit alleges AppLovin misled investors about the readiness, adoption, and consistency of improvements in its AI models and self-service advertising tools. These are allegations, not proven findings, but the litigation and related credibility concerns could weigh on sentiment. Article: AppLovin Facing Securities Fraud Class Action

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Bank of America cut AppLovin from a “buy” rating to a “neutral” rating and cut their price target for the company from $430.00 to $400.00 in a research note on Tuesday, August 11th. Wedbush increased their price target on AppLovin from $560.00 to $600.00 and gave the stock an “outperform” rating in a research report on Thursday, November 5th. Weiss Ratings upgraded AppLovin from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Oppenheimer reaffirmed an “outperform” rating and issued a $520.00 price objective (up from $490.00) on shares of AppLovin in a report on Thursday, November 5th. Finally, HSBC dropped their price objective on AppLovin from $450.00 to $409.00 and set a “buy” rating for the company in a report on Monday, October 5th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $497.93.

About AppLovin

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.