Lone Pine Capital 13F: Adds $353M to AppLovin (APP) Stake

Lone Pine Capital Raises Stake in AppLovin Corporation

Lone Pine Capital significantly expanded its holdings in AppLovin Corporation (NasdaqGS: APP), according to its Form 13F filing with the SEC for the period ended May 15, 2026. The fund picked up 684,393 additional shares during the period, bringing its total ownership to 1,464,923 shares. That represents an 87.7% increase from the prior count of 780,530 shares. Based on the market price around the filing, the expanded position carried a total reported value of approximately $756.0 million. Institutional 13F filings are backward-looking and capture holdings only as of the reporting date, meaning they might not reflect the investor's current position today.

AppLovin Stock Price and Market Standing

Shares of AppLovin trade around $516.06, well above their 50-day moving average of $309.84 and higher than the 200-day moving average of $438.97. The company's valuation is tied to a trailing P/E ratio of 21.5 and a forward P/E ratio of 13.6, with a market capitalization hovering near $93.8 billion. The stock has experienced a wide trading band over the past year, recording a 52-week low of $260.99 and a 52-week high of $738.01.

Insider Buying and Selling at AppLovin Corporation

Eduardo Vivas completed a notable insider transaction on June 16, 2026, selling 163,910 shares at an average price of $504.06. The total transaction value reached roughly $82.6 million. This transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insider sales are often part of routine portfolio management and do not automatically signal a bearish outlook for the company.

Wall Street Analyst Views on AppLovin

Analyst sentiment around AppLovin remains broadly positive, with major financial firms regularly updating their price targets. On October 14, 2026, Goldman Sachs maintained its neutral rating while lowering its price target to $400.00 from $465.00. On the same day, Wedbush maintained its outperform rating and adjusted its price target to $560.00 from $610.00. Earlier in the month, Morgan Stanley kept an overweight rating with a $400.00 target on October 13, 2026, and Jefferies maintained a buy rating with a $375.00 target on October 8, 2026. Across the broader analyst community, AppLovin holds a consensus buy recommendation with a mean price target of $480.08 backed by 31 analyst opinions.

What AppLovin Corporation Does

AppLovin Corporation provides artificial intelligence-powered advertising and marketing solutions for businesses globally. The Palo Alto-based software company operates platforms that help mobile app developers automate marketing campaigns, run real-time competitive auctions for ad inventory, and manage connected TV video distribution. Its tools serve everyone from independent app creators to large enterprises.

Looking Ahead for AppLovin

Investors tracking AppLovin will look toward its next earnings report scheduled for November 4, 2026, to gauge ongoing revenue growth and profit margins. While institutional filings like Lone Pine's offer a glimpse into past portfolio adjustments, market participants should remember that these disclosures reflect older positioning and require verification through subsequent filings.