Flagship Harbor Advisors 13F: New $1.4M Stake in AppLovin (APP)
Key Points
- Flagship Harbor Advisors opened a new position with 4,770 shares of AppLovin Corporation, representing a total investment of about $1.39 million.
- As of October 27, 2026, AppLovin shares were recently trading around $260.69, which is about equal to the closing price on the filing date.
- The stock trades well below its 52-week high of $738.01, suggesting potential volatility in the market.
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Flagship Harbor Advisors took a new position in AppLovin Corporation (APP) by acquiring 4,770 shares, valued at about $1.39 million, in a filing on October 26, 2026. This move marks the fund's entry into the advertising technology sector, as detailed in its latest Form 13F filing with the SEC.
APP
AppLovin Corporation
Where AppLovin Fits in Flagship Harbor Advisors' Portfolio
This new stake accounts for 0.29% of Flagship Harbor Advisors' total reported value of approximately $477.5 million, ranking it 20th among the fund's 768 positions.
Other Institutional Activity in AppLovin
In recent activity, Bell Bank added 3,335 shares of AppLovin, bringing its total holdings to 3,335 shares valued at about $968,584. Meanwhile, TD Asset Management increased its stake by 87,856 shares, now holding 447,808 shares worth approximately $231.1 million. California Public Employees Retirement System also raised its position by 24,004 shares, totaling 488,574 shares valued at about $252.1 million.
AppLovin Corporation Stock Up 0.2%
As of October 26, 2026, AppLovin shares closed at $260.74. The stock is currently trading below its 50-day moving average of $298.85 and its 200-day moving average of $423.75. It also trades significantly below its 52-week high of $738.01, suggesting that the stock may be undervalued or facing challenges in the market.
Recent Earnings
AppLovin Corporation reported trailing twelve-month revenue of approximately $6.83 billion, reflecting year-over-year revenue growth of 52.8%. The next earnings report is scheduled for November 4, 2026, which should provide further insights into the company's financial health.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 3.6%. Revenue beat estimates by 3.3%.
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Profit surprise
EBITDA met by 1 percent. Operating income beat by 7 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
4 target raises, 1 target cut.
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Earnings quality
Gross margin up 2.0 points. Operating margin up 5.7 points. Positive free cash flow.
Earnings Call Summary
AppLovin delivered 1.84 billion dollars in revenue, up 59 percent year over year, and beat guidance again. The gaming business remains strong while the consumer vertical is growing faster, with March spending 25 percent higher than January and April setting a record month. Management is excited about opening the platform to the public in June and seeing new game developers adopt ad monetization alongside in-app purchases.
Guidance AppLovin guided for 1.915 to 1.945 billion dollars in second-quarter revenue, up 52 to 55 percent year over year. They expect adjusted EBITDA margin around 84 to 85 percent. Management said the consumer vertical is accelerating fast and the June platform launch to the public will unlock much larger growth.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Insider Buying and Selling at AppLovin Corporation
Several insiders have sold shares recently, including CEO Arash Adam Foroughi, who sold 52,165 shares valued at about $25.3 million on June 12, 2026. Eduardo Vivas, a director, also sold 163,910 shares worth approximately $82.6 million on June 16, 2026. These transactions occurred before the current filing and indicate ongoing insider activity within the company.
Analysts Set New Price Targets
On October 19, 2026, Citigroup maintained a 'Buy' rating for AppLovin with a price target of $500. Other firms, including Oppenheimer and Morgan Stanley, have also maintained their ratings, with targets ranging from $400 to $490. The consensus recommendation for the stock remains a 'Buy', with a mean price target of $471.69.
About AppLovin
AppLovin Corporation specializes in advertising technology, providing AI-powered advertising solutions for businesses both in the U.S. and internationally. The company operates through two main segments: Advertising and Apps. Given the fund's new position, investors might be interested in how AppLovin performs in the upcoming earnings report and the overall market dynamics affecting the advertising industry.
Bottom Line
Investors should keep an eye on AppLovin's upcoming earnings report on November 4, 2026, as it could offer insights into the company's performance amid recent market fluctuations. Further filings from Flagship Harbor Advisors may also shed light on their strategy moving forward.
Related Filing Alerts
Source: Flagship Harbor Advisors's 13F filing on $APP (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts