Bank of America 13F: Cuts AppLovin (APP) Stake by $235M
Bank of America reduced its investment in software platform AppLovin Corporation by 455,167 shares during the reporting period.
Reviewed by automated data checks against the source filing. How we make and check alerts
Bank of America sold 455,167 shares from its stake in AppLovin Corporation ($APP), a 12.61% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 3,155,406 shares worth $1.63 billion at the end of the quarter.
Since the filing, $APP is up 4.4% after 1 week, down 2.6% after 1 month and down 46.0% to date (from the $492.38 close on May 18, 2026).
APP
AppLovin Corporation
Key Points
- Bank of America reduced its holdings in AppLovin Corporation APP by cutting 455,167 shares during the period, leaving it with 3,155,406 shares valued at about $1.63 billion according to its latest SEC Form 13F filing.
- The company trades near $516.06 on the NasdaqGS, reflecting a busy stretch of analyst adjustments and steady market performance.
- AppLovin posted strong revenue growth alongside a profit margin of 64.6% ahead of its upcoming earnings report.
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Bank of America Adjusts Holdings in AppLovin
Bank of America trimmed its investment in AppLovin Corporation APP on NasdaqGS, according to a recent Form 13F filing with the SEC. The major financial institution cut its stake by 12.6%, selling off 455,167 shares during the period. The institutional investor finished the reporting window holding 3,155,406 shares of the advertising technology provider, with an estimated value of $1.63 billion.
Reduction in Position Details
The fund's reduction brought its total share count down from 3,610,573 shares to 3,155,406 shares. Because 13F filings look backward at portfolio choices from the end of a previous quarter, this update shows the position as it stood then and may not match the bank's exact holdings today. The cost basis for the institution's historical position sits around $148.1 per share.
AppLovin Stock Dynamics
The shares trade at $516.06 on Friday, keeping the company valued around $93.8 billion. The stock moves within a broad 52-week range defined by a low of $260.99 and a high of $738.01. Market participants watch these levels closely as the advertising platform navigates shifting tech sector trends.
Recent Earnings Performance
AppLovin generated $6.83 billion in revenue over the trailing period, supported by strong revenue growth of 52.8%. The company posted an earnings per share figure of $13.01, alongside a net margin of 64.6% and a return on equity of 2.0%. Investors await the next earnings report scheduled for November 4, 2026, for fresh updates on profitability.
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
Company insider Eduardo Vivas completed a transaction on June 16, 2026, disposing of 163,910 shares. The stock was sold at an average price of $504.06, totaling about $82.62 million. This transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Analysts Set New Price Targets
Wall Street firms frequently update their outlooks on the software developer. On October 14, 2026, Goldman Sachs maintained a neutral rating while lowering its price target to $400.00 from $465.00. On the same day, Wedbush kept an outperform rating with a target of $560.00. Across the wider analyst community, the stock holds a consensus buy recommendation with a mean price target of $480.08.
Understanding AppLovin's Business Model
AppLovin operates as a digital marketing and software development firm based in Palo Alto, California. The business focuses on automated advertising tools, bidding technology for mobile apps, and connected TV distribution platforms. Its core software suites help developers manage ad inventory and scale user acquisition globally.
What to Watch at AppLovin Corporation
Market observers will monitor upcoming SEC filings from large institutional investors to see how major banks adjust their tech allocations. The primary catalyst ahead remains the company's next financial release in November, which will provide updated guidance on advertising demand and profit margins.
Related Filing Alerts
Source: Bank of America's 13F filing on $APP (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Bank of America 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts