31,205 Shares in Apple Inc. $AAPL Purchased by Pine Ridge Advisers LLC

Key Points

• Pine Ridge Advisers LLC purchased 31,205 Apple shares worth approximately $9.03 million during the second quarter, making Apple 0.5% of its portfolio and its 21st-largest holding.
• Institutional investors own 67.73% of Apple, while insiders have recently been net sellers; SVP Jennifer Newstead sold 2,399 shares for about $815,804.
• Apple reported quarterly earnings and revenue above analyst expectations, and analysts maintain a “Moderate Buy” consensus with an average price target of $340.14, though valuation, rising component costs, AI competition and legal issues remain risks.

Pine Ridge Advisers LLC bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 31,205 shares of the iPhone maker's stock, valued at approximately $9,029,000. Apple comprises 0.5% of Pine Ridge Advisers LLC's investment portfolio, making the stock its 21st biggest position.

A number of other large investors also recently made changes to their positions in the company. Avenir Tech Ltd bought a new stake in shares of Apple in the second quarter valued at about $29,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Apple during the 2nd quarter worth approximately $30,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Apple in the 4th quarter valued at $41,000. ABS Investment Management LLC acquired a new stake in Apple in the second quarter valued at about $376,168,000. Finally, Basso Capital Management L.P. bought a new stake in shares of Apple during the 4th quarter valued at approximately $88,000. Institutional investors own 67.73% of the company's stock.

Insiders Place Their Bets

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the firm's stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $340.06, for a total transaction of $815,803.94. Following the completion of the transaction, the senior vice president owned 44,391 shares in the company, valued at approximately $15,095,603.46. This trade represents a 5.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 11,031 shares of company stock worth $3,535,759. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $341.07 on Monday. The firm has a market cap of $4.98 trillion, a P/E ratio of 39.11, a P/E/G ratio of 2.96 and a beta of 1.08. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $345.34. The business has a fifty day simple moving average of $321.56 and a 200 day simple moving average of $297.64. 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 quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a return on equity of 135.46% and a net margin of 27.62%.The company had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. The business's quarterly revenue was up 16.4% on a year-over-year basis. Analysts predict that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, August 10th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Apple's dividend payout ratio is currently 12.39%.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone 18 demand remains encouraging. Long lines in India and strong interest in the iPhone 18 Pro and Pro Max suggest Apple’s premium pricing is holding up in an important growth market. Evercore ISI raised its price target to $380 from $365 while maintaining an outperform rating. Apple iPhone demand in India
• Positive Sentiment: Momentum and technical positioning remain supportive. AAPL has gained roughly 10% over the past month and is approaching a potential buy point, helping sustain investor interest. Bank of America and JPMorgan have reiterated bullish ratings, while several analysts maintain targets above the current trading range. Apple stock approaches buy point
• Neutral Sentiment: Apple is expanding its product ecosystem. The company plans a refreshed HomePod mini, while reports suggest it may develop its own AI server chips. These initiatives could support future ecosystem engagement and infrastructure efficiency, but they are not yet material earnings drivers. Apple to release new HomePod mini
• Negative Sentiment: Rising component costs could pressure margins. Bernstein warned that surging memory and other smartphone component costs may weigh on gross margins and earnings in the December quarter, particularly as Apple introduces more expensive iPhones. Apple’s expensive new iPhones and margins
• Negative Sentiment: Valuation and AI execution remain key risks. At nearly $5 trillion in market value and about 38–39 times earnings, Apple requires continued earnings growth to justify its valuation. Analysts argue Alphabet’s Gemini ecosystem and monetization progress currently give it an edge in consumer AI, while Meta’s AI devices add competitive pressure. Alphabet versus Apple in consumer AI
• Negative Sentiment: Legal and product issues add uncertainty. A judge certified a class of payment card issuers in an Apple Pay antitrust lawsuit alleging improper fees. Separately, Apple is preparing a software fix for an iPhone 18 Pro reboot problem. Apple Pay class-action lawsuit

Analyst Ratings Changes

Several research firms recently weighed in on AAPL. Robert W. Baird raised their price objective on Apple from $310.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 24th. Citigroup reaffirmed a "buy" rating on shares of Apple in a report on Thursday, September 10th. Maxim Group increased their target price on Apple from $350.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, July 31st. The Goldman Sachs Group started coverage on Apple in a research note on Monday, August 17th. They set a "buy" rating on the stock. Finally, Seaport Research Partners cut Apple from a "buy" rating to a "neutral" rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $340.14.

About Apple

Apple Inc is a technology company that designs, develops and markets consumer electronics, software and digital services. Its principal products include the iPhone, Mac computers, iPad tablets, Apple Watch, AirPods and other accessories. The company also develops operating systems and applications that support its hardware products.

Apple's services business includes the App Store, Apple Music, Apple TV, Apple Arcade, Apple Fitness+, Apple News+, Apple Pay and iCloud. These services provide digital content, payments, cloud storage and subscription offerings across the company's ecosystem of devices.

Founded in 1976, Apple is headquartered in Cupertino, California, and serves consumers, businesses, educational institutions and government customers worldwide.

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