Institutional Investors Are Buying Apple Inc (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) Logo

Sentiment for Apple Inc (NASDAQ:AAPL)

Apple Inc (NASDAQ:AAPL) institutional sentiment increased to 0.71 in 2018 Q2. Its up 0.02, from 0.69 in 2018Q1. The ratio is positive, as 754 hedge funds increased or started new equity positions, while 1059 sold and reduced their stock positions in Apple Inc. The hedge funds in our partner’s database now possess: 2.77 billion shares, down from 2.86 billion shares in 2018Q1. Also, the number of hedge funds holding Apple Inc in their top 10 equity positions increased from 922 to 934 for an increase of 12. Sold All: 57 Reduced: 1002 Increased: 622 New Position: 132.

Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, and education, enterprise, and government clients worldwide. The company has market cap of $895.36 billion. The firm also sells related software, services, accessories, networking solutions, and third-party digital content and applications. It has a 17.09 P/E ratio. It offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers.

The stock decreased 1.85% or $3.55 during the last trading session, reaching $188.68. About 51.35M shares traded or 45.35% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 37.43% since November 14, 2017 and is uptrending. It has outperformed by 21.81% the S&P500.

Lyons Wealth Management Llc. holds 30.83% of its portfolio in Apple Inc. for 116,337 shares. Independent Investors Inc owns 386,368 shares or 28.08% of their US portfolio. Moreover, Berkshire Hathaway Inc has 23.84% invested in the company for 251.96 million shares. The Massachusetts-based Harvard Management Co Inc has invested 22.56% in the stock. Trb Advisors Lp, a New York-based fund reported 200,000 shares.

Since January 1, 0001, it had 0 buys, and 5 insider sales for $10.92 million activity.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Ratings analysis reveals 71% of Apple’s analysts are positive. Out of 17 Wall Street analysts rating Apple, 12 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $175 while the high is $310. The stock’s average target of $233 is 23.49% above today’s ($188.68) share price. AAPL was included in 33 notes of analysts from May 17, 2018. The rating was maintained by JP Morgan with “Overweight” on Friday, November 2. The rating was maintained by Bank of America with “Buy” on Tuesday, August 21. The company was maintained on Wednesday, September 5 by Morgan Stanley. The rating was maintained by Bank of America on Thursday, September 13 with “Buy”. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, September 13. As per Wednesday, August 1, the company rating was maintained by BMO Capital Markets. Morgan Stanley maintained the stock with “Overweight” rating in Tuesday, July 24 report. Nomura maintained the shares of AAPL in report on Monday, May 21 with “Hold” rating. Maxim Group downgraded the stock to “Hold” rating in Wednesday, May 30 report. The rating was maintained by Morgan Stanley on Thursday, May 24 with “Overweight”.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “Apple supplier Qorvo cuts Q3 guidance” on November 13, 2018, also Seekingalpha.com with their article: “Is Apple Stock A Buy After The 16% Decline?” published on November 13, 2018, Benzinga.com published: “Day After Selloff, Earnings, Trade News Seem To Offer Lift” on November 13, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Benzinga.com and their article: “Moderate Inflation, Positive Retail Earnings Offer Lift In Back-And-Forth Market” published on November 14, 2018 as well as Seekingalpha.com‘s news article titled: “Downgrade: Apple ASPs “no longer enough”” with publication date: November 14, 2018.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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