AppLovin Corporation $APP Shares Sold by Envestnet Asset Management Inc.

Market Beat
2026.02.05 12:37
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Envestnet Asset Management Inc. reduced its stake in AppLovin Corporation (NASDAQ:APP) by 7.3% in Q3, now holding 470,289 shares valued at approximately $337.9 million. Other institutional investors have also adjusted their positions, with some increasing their stakes. AppLovin is facing mixed sentiments ahead of its earnings report, with analysts expressing both bullish and bearish views due to AI competition and ongoing legal investigations. The stock has been affected by broader market trends and concerns over valuation and volatility.