Yousif Capital Management LLC raised its AppLovin stake by 27.3% in the third quarter, to 31,359 shares worth $9,108,000 per its latest SEC filing. AppLovin opened at $260.25 on Friday, well below its one-year high of $738.01, with a market cap of $87.09 billion. Law firms have publicized a securities class action against AppLovin and some executives over alleged misleading statements about its AI advertising models between February 12 and August 5, 2026; the allegations have not been proven, and investors have until November 16, 2026 to seek lead plaintiff status. Second-quarter revenue was $1.92 billion, up 52.8% year over year but slightly below the $1.94 billion analyst estimate. Citigroup cut its price target from $600.00 to $500.00, while Oppenheimer lowered its target from $560.00 to $490.00.
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