AppLovin Corporation $APP Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its stake in shares of AppLovin Corporation (NASDAQ:APP) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in APP. Pioneer Family Office LLC bought a new stake in shares of AppLovin during the second quarter worth $31,000. Cassaday & Co Wealth Management LLC bought a new position in shares of AppLovin in the 1st quarter valued at $25,000. LifeSteps Financial Inc. bought a new position in shares of AppLovin in the 2nd quarter valued at $40,000. Archer Investment Corp bought a new position in shares of AppLovin in the 2nd quarter valued at $42,000. Finally, IMA Advisory Services Inc. boosted its holdings in shares of AppLovin by 40.0% during the 1st quarter. IMA Advisory Services Inc. now owns 84 shares of the company’s stock valued at $33,000 after acquiring an additional 24 shares in the last quarter. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Key AppLovin News

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

Analysts Set New Price Targets

APP has been the topic of a number of research reports. Bank of America lowered AppLovin from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $430.00 to $400.00 in a research report on Tuesday, August 11th. BTIG Research upped their target price on AppLovin from $396.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. Loop Capital dropped their target price on AppLovin from $860.00 to $600.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. UBS Group cut their price target on AppLovin from $790.00 to $414.00 and set a “buy” rating on the stock in a research note on Wednesday, October 28th. Finally, Royal Bank Of Canada boosted their price target on AppLovin from $500.00 to $520.00 and gave the stock an “outperform” rating in a report on Thursday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, AppLovin has a consensus rating of “Moderate Buy” and an average target price of $497.93.

AppLovin Price Performance

Shares of NASDAQ:APP opened at $395.51 on Wednesday. The firm has a market cap of $132.36 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 0.83 and a beta of 2.51. The firm’s fifty day moving average is $296.87 and its 200-day moving average is $408.66. 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 Corporation has a 52 week low of $225.19 and a 52 week high of $738.01.

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 the consensus estimate of $4.03 by $0.27. The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.07 billion. AppLovin had a net margin of 65.89% and a return on equity of 182.97%. AppLovin’s revenue for the quarter was up 55.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.45 earnings per share. Sell-side analysts predict that AppLovin Corporation will post 16.25 earnings per share for the current year.

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.