AppLovin Corporation $APP Shares Purchased by Waterloo Capital L.P.

01 Jun 2026, 08:08 by Renee Jackson · The Cerbat Gem

Waterloo Capital L.P. raised its position in shares of AppLovin Corporation (NASDAQ:APP – Free Report) by 97.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,014 shares of the company’s stock after purchasing an additional 992 shares during the period. Waterloo Capital L.P.’s holdings in AppLovin were worth $1,357,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Mediolanum International Funds Ltd lifted its stake in shares of AppLovin by 73.5% in the 3rd quarter. Mediolanum International Funds Ltd now owns 76,736 shares of the company’s stock worth $54,664,000 after acquiring an additional 32,510 shares during the period. Allworth Financial LP raised its holdings in shares of AppLovin by 131.7% in the 3rd quarter. Allworth Financial LP now owns 6,049 shares of the company’s stock worth $4,347,000 after purchasing an additional 3,438 shares in the last quarter. APG Asset Management N.V. bought a new stake in shares of AppLovin in the 3rd quarter worth approximately $4,958,000. Principal Financial Group Inc. raised its holdings in shares of AppLovin by 946.5% in the 3rd quarter. Principal Financial Group Inc. now owns 326,999 shares of the company’s stock worth $234,962,000 after purchasing an additional 295,753 shares in the last quarter. Finally, Metis Global Partners LLC raised its holdings in shares of AppLovin by 138.3% in the 3rd quarter. Metis Global Partners LLC now owns 10,094 shares of the company’s stock worth $7,253,000 after purchasing an additional 5,859 shares in the last quarter. 41.85% of the stock is owned by institutional investors and hedge funds.

Key AppLovin News

Here are the key news stories impacting AppLovin this week:

Positive Sentiment: Needham reaffirmed its Buy rating and lifted its price target to $700, reinforcing the view that AppLovin still has room to run. Needham Reaffirms Buy Rating on AppLovin
Positive Sentiment: Deutsche Bank also raised its price target to $660 while maintaining a Buy rating, adding to the bullish analyst backdrop. Why Wall Street Still Sees More Upside In AppLovin
Positive Sentiment: Zacks said AppLovin’s AI-powered ad platform is driving record revenue momentum as demand expands across digital advertising and e-commerce, suggesting the company’s growth story remains intact. AppLovin’s Revenue Momentum Reflects AI-Driven Advertising Demand
Positive Sentiment: Multiple reports noted the stock moved higher after positive analyst commentary tied to strong recent financial results and the upcoming AI advertising platform rollout. Why AppLovin (APP) Stock Is Trading Up Today
Neutral Sentiment: A Zacks roundup also grouped AppLovin with other growth names, but the mention was largely a general analyst note rather than a new company-specific catalyst. Zacks Analyst Blog Highlights Citigroup, TotalEnergies, AppLovin
Neutral Sentiment: One analysis compared AppLovin with Coherent and argued COHR has an edge due to valuation and AI infrastructure demand, but this appears more like relative commentary than a direct fundamental setback for APP. Coherent vs. AppLovin: Which AI Growth Stock Is Better Positioned?
Negative Sentiment: Recent insider selling by CTO Vasily Shikin may temper sentiment somewhat, though the sales were small relative to his remaining holdings and are outweighed by the bullish analyst-driven narrative. AppLovin CTO Insider Sales

Insider Activity at AppLovin

In other AppLovin news, CFO Matthew Stumpf sold 9,052 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $600.00, for a total value of $5,431,200.00. Following the transaction, the chief financial officer owned 177,450 shares in the company, valued at approximately $106,470,000. This represents a 4.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Vasily Shikin sold 62,804 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $486.43, for a total transaction of $30,549,749.72. Following the completion of the transaction, the chief technology officer owned 3,255,273 shares in the company, valued at approximately $1,583,462,445.39. This represents a 1.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 464,016 shares of company stock worth $218,477,985 in the last 90 days. 13.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

APP has been the topic of a number of research reports. Benchmark reiterated a “buy” rating on shares of AppLovin in a report on Friday, March 6th. Weiss Ratings downgraded shares of AppLovin from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 7th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 target price on shares of AppLovin in a report on Thursday. Arete Research set a $340.00 target price on shares of AppLovin and gave the stock a “neutral” rating in a report on Monday, March 2nd. Finally, The Goldman Sachs Group dropped their target price on shares of AppLovin from $710.00 to $585.00 and set a “neutral” rating on the stock in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $664.35.

Check Out Our Latest Analysis on APP

AppLovin Price Performance

Shares of APP opened at $613.09 on Monday. The company has a market capitalization of $205.96 billion, a price-to-earnings ratio of 52.67, a P/E/G ratio of 1.00 and a beta of 2.45. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.24 and a quick ratio of 3.24. The business’s 50-day moving average is $456.58 and its 200-day moving average is $520.78. AppLovin Corporation has a fifty-two week low of $320.00 and a fifty-two week high of $745.61.

AppLovin (NASDAQ:APP – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.12. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.77 billion. AppLovin had a net margin of 64.29% and a return on equity of 219.37%. The company’s revenue for the quarter was up 58.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 EPS. Equities research analysts expect that AppLovin Corporation will post 15.86 EPS for the current fiscal year.

About AppLovin

(Free Report)

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.

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