Apple Inc. $AAPL Stock Position Raised by Jackson Square Capital LLC

Key Points

• Jackson Square Capital increased its Apple stake by 8% in the third quarter, holding 125,045 shares worth approximately $41.6 million. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Apple reported a quarterly earnings beat, with revenue of $114.48 billion and EPS of $2.10, driven by strong iPhone, Mac, and Services demand. The company’s active installed base also reached a record high.
• Investors face mixed signals: China, iPad, and Wearables sales missed expectations, while rising memory-chip costs and higher inventory could pressure margins. Apple shares traded near $338, compared with a consensus analyst price target of $340.49.

Jackson Square Capital LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 8.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 125,045 shares of the iPhone maker's stock after purchasing an additional 9,278 shares during the quarter. Apple accounts for approximately 6.3% of Jackson Square Capital LLC's holdings, making the stock its 3rd biggest position. Jackson Square Capital LLC's holdings in Apple were worth $41,642,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its stake 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 position in Apple during the second quarter worth about $65,950,297,000. Bank of America Corp DE acquired a new stake in Apple in the second quarter valued at about $36,986,090,000. Legal & General Group Plc acquired a new stake in Apple in the second quarter valued at about $30,443,242,000. Finally, Amundi lifted its position in Apple by 23.2% in the first quarter. Amundi now owns 73,082,616 shares of the iPhone maker's stock valued at $18,547,637,000 after purchasing an additional 13,780,080 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apple

In other Apple news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total value of $806,495.82. Following the sale, the senior vice president owned 41,992 shares of the company's stock, valued at approximately $14,116,870.56. This represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Timothy D. Cook sold 191,753 shares of the company's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.96, for a total value of $63,846,078.88. Following the completion of the sale, the insider directly owned 3,264,168 shares in the company, valued at $1,086,837,377.28. This trade represents a 5.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 289,252 shares of company stock valued at $96,301,063. Company insiders own 0.06% of the company's stock.

Apple Trading Down 1.8%

Shares of Apple stock opened at $338.32 on Tuesday. The company has a 50-day moving average of $333.62 and a two-hundred day moving average of $296.77. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $351.73. The company has a current ratio of 1.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.94 trillion, a PE ratio of 38.80, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping the consensus estimate of $1.99 by $0.11. The business had revenue of $114.48 billion for the quarter, compared to analyst estimates of $113.40 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. The company's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.85 EPS. On average, research analysts anticipate that Apple Inc. will post 8.75 EPS for the current fiscal year.

Apple News Summary

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings raised Apple from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Barclays reissued an "underweight" rating and set a $245.00 target price (down from $253.00) on shares of Apple in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft cut Apple from a "buy" rating to a "hold" rating in a report on Monday, August 17th. Monness Crespi & Hardt restated a "buy" rating and issued a $355.00 price target on shares of Apple in a research note on Wednesday, October 28th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $350.00 price objective (up from $310.00) on shares of Apple in a report on Friday, July 31st. One equities 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $340.49.

About Apple

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.

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