SRZN

BDF Gestion decreased its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 18.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,251 shares of the iPhone maker's stock after selling 47,428 shares during the period. Apple comprises approximately 9.5% of BDF Gestion's holdings, making the stock its 2nd largest holding. BDF Gestion's holdings in Apple were worth $69,352,000 as of its most recent SEC filing.

• MarketBeat Week in Review – 10/26 - 10/30

Several other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp increased its position in shares of Apple by 4.7% during the second quarter. State Street Corp now owns 630,662,494 shares of the iPhone maker's stock worth $182,897,769,000 after acquiring an additional 28,321,085 shares during the period. Berkshire Hathaway Inc purchased a new stake in shares of Apple in the 2nd quarter worth $65,950,297,000. Bank of America Corp DE purchased a new position in shares of Apple during the second quarter valued at $36,986,090,000. Legal & General Group Plc purchased a new stake in Apple in the second quarter worth about $30,443,242,000. Finally, Amundi lifted its stake in Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock worth $18,547,637,000 after acquiring an additional 13,780,080 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Deirdre O'brien sold 46,389 shares of the company's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $333.42, for a total value of $15,467,020.38. Following the sale, the senior vice president owned 136,810 shares in the company, valued at $45,615,190.20. This represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $343.36, for a total value of $823,720.64. Following the sale, the senior vice president directly owned 32,396 shares in the company, valued at approximately $11,123,490.56. This trade represents a 6.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 289,252 shares of company stock valued at $96,301,063 in the last 90 days. 0.06% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

• Why Rising Rates Could Break the Bull Market Before AI Spending Can Save It

Several equities research analysts have recently weighed in on AAPL shares. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $350.00 price target (up from $310.00) on shares of Apple in a research report on Friday, July 31st. Loop Capital lowered shares of Apple from a "buy" rating to a "hold" rating and cut their price objective for the company from $370.00 to $330.00 in a report on Tuesday, October 20th. KeyCorp reissued an "underweight" rating on shares of Apple in a report on Thursday, October 15th. Citic Securities boosted their price objective on shares of Apple from $300.00 to $349.00 in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group assumed coverage on Apple in a report on Monday, August 17th. They set a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $340.49.

View Our Latest Report on AAPL

Trending Headlines about Apple

• 3 Growth Stocks Under $20 With Hard Catalyst Dates Ahead

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple reported fiscal fourth-quarter revenue of $114.48 billion, up 12% year over year and above the approximately $113.4 billion consensus estimate. Diluted EPS of $2.10 also exceeded expectations near $1.99. Apple results beat Wall Street expectations on strong iPhone sales
• Positive Sentiment: Growth was led by early demand for the iPhone 18 Pro lineup, with iPhone revenue reaching $57.6 billion, up 17%, while Mac sales and Services also set records. Apple’s active installed base reached an all-time high, supporting its ecosystem and recurring-revenue outlook. Apple Q4 earnings call: Ternus breaks down excellent quarter
• Positive Sentiment: Relatively light quarterly capital spending of $2.24 billion, below the expected $3.33 billion, reinforces Apple’s cash-generation and capital-discipline story as other technology companies spend heavily on AI infrastructure. Big quarterly beats after the close
• Neutral Sentiment: The report was the first under CEO John Ternus. His defense of Apple’s measured AI strategy may appeal to investors seeking profitable, product-focused AI development, but it leaves the company with less visible AI investment than major rivals.
• Negative Sentiment: China revenue fell short of projections, while iPad and Wearables, Home and Accessories sales missed estimates. These weaknesses offset the iPhone and Mac strength and raised concerns about regional and product-line momentum. New CEO John Ternus delivers an Apple earnings beat
• Negative Sentiment: Memory-chip inflation and component shortages threaten future gross margins. Apple’s inventory rose from $11.09 billion to $14.54 billion during the quarter, suggesting the company is stockpiling components but also tying up more cash. Apple inventory surges as memory chip costs climb
• Negative Sentiment: EPS benefited from a roughly $0.05-per-share tariff refund, and gross margin received an approximately one-percentage-point boost. Investors may therefore view part of the earnings beat as one-time rather than purely operational. Apple reports fourth quarter results

Apple Price Performance

Shares of NASDAQ AAPL opened at $338.32 on Tuesday. The business's 50 day moving average price is $333.62 and its 200 day moving average price is $296.77. The firm has a market cap of $4.94 trillion, a P/E ratio of 38.80, a P/E/G ratio of 2.72 and a beta of 1.07. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $351.73. The company has a quick ratio of 0.93, a current ratio of 1.00 and a debt-to-equity ratio of 0.66.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.11. The firm had revenue of $114.48 billion during the quarter, compared to analysts' expectations of $113.40 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm's revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.85 earnings per share. On average, sell-side analysts expect that Apple Inc. will post 8.75 earnings per share for the current year.

About Apple

(Free Report)

Apple Inc designs, develops and sells consumer electronics, software and digital services. Its best-known products include the iPhone smartphone, Mac personal computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware ecosystem.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, iCloud, Apple Pay and other subscription, payment and digital-content offerings.

Further Reading

• Five stocks we like better than Apple
• AbbVie's Humira Era Is Fading, But Its New Growth Engines Face Another Test
• GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
• Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
• Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Apple Right Now?

Before you consider Apple, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list.

While Apple currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here