Apple Inc. $AAPL Stock Purchased by Davidson Capital Management Inc.

Key Points

• Davidson Capital Management increased its Apple stake by 125.5% in the third quarter, ending with 11,799 shares valued at approximately $3.93 million.
• Institutional investors and hedge funds own 67.73% of Apple’s shares, while insiders have sold about $95.5 million in stock over the past 90 days.
• Apple faces a mixed outlook: new products and strong reported iPhone demand support growth, but premium pricing, regulatory fines, product-quality concerns and a valuation near 40 times earnings present risks. Analysts maintain a “Moderate Buy” consensus with an average price target of $340.59.

Davidson Capital Management Inc. increased its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 125.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,799 shares of the iPhone maker's stock after purchasing an additional 6,567 shares during the period. Davidson Capital Management Inc.'s holdings in Apple were worth $3,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc acquired a new position in shares of Apple in the 2nd quarter valued at about $65,950,297,000. Bank of America Corp DE acquired a new stake in Apple during the second quarter worth about $36,986,090,000. Legal & General Group Plc acquired a new stake in Apple during the second quarter worth about $30,443,242,000. Deutsche Bank AG purchased a new position in Apple during the second quarter valued at approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Apple during the second quarter valued at approximately $10,588,946,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple unveiled its first touchscreen MacBook Pro, featuring tandem OLED technology, up to 2,000-nit brightness, 120Hz refresh rates, and higher-end M5 Pro and M5 Max chips. The launch could support Mac revenue, premium pricing and a broader hardware upgrade cycle. Apple Stock: Slip Despite MacBook Pro Launch With Tandem OLED Display
• Positive Sentiment: Analyst support remains a modest tailwind. Monness, Crespi, Hardt raised its Apple price target to $355, while early iPhone 18 Pro sales were reportedly 3.1% above the prior model, including particularly strong growth in China. Wall Street Analyst Updates Apple Stock Target Ahead of Earnings
• Neutral Sentiment: Apple is approaching its November 2 earnings report after a lengthy run of earnings beats. Investors are looking for evidence that iPhone demand, services growth and artificial-intelligence initiatives can justify a valuation near 40 times earnings. Seeking Clues to Apple Q4 Earnings
• Negative Sentiment: The touchscreen MacBook Pro starts at approximately $2,899, raising concerns that premium pricing could limit adoption. Investors also face broader pressure from rising memory costs, expensive technology valuations and potentially higher interest rates. Apple's Touchscreen MacBook Pro Pushes Laptop Pricing Higher
• Negative Sentiment: Apple is offering replacements after reports that screens on its $1,999 foldable iPhone Duo cracked near the hinge. The issue threatens customer confidence and could increase warranty or recall costs just as the company launches a major new product category. Apple Shows First Touchscreen Laptops Amid Product Blitz
• Negative Sentiment: South Korea fined Apple and Google a combined $47.6 million for allegedly forcing developers toward their payment systems and delaying app reviews, adding to regulatory risks around Apple’s services business. South Korea Fines Google and Apple Over App Market Practices

Insider Buying and Selling

In other news, SVP Jennifer Newstead sold 2,399 shares of the company's stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $339.62, for a total transaction of $814,748.38. Following the completion of the transaction, the senior vice president directly owned 34,795 shares of the company's stock, valued at $11,817,077.90. This represents a 6.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ben Borders sold 1,280 shares of the company's stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $345.40, for a total value of $442,112.00. Following the transaction, the insider directly owned 38,288 shares of the company's stock, valued at approximately $13,224,675.20. The trade was a 3.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 286,853 shares of company stock valued at $95,477,342 in the last 90 days. Corporate insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of Apple in a report on Thursday, October 1st. Daiwa Securities Group raised their price objective on shares of Apple from $325.00 to $335.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. BTIG Research started coverage on shares of Apple in a research note on Monday, August 17th. They set a "neutral" rating on the stock. Loop Capital lowered shares of Apple from a "buy" rating to a "hold" rating and cut their target price for the company from $370.00 to $330.00 in a report on Tuesday, October 20th. Finally, HSBC reiterated a "buy" rating on shares of Apple in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $340.59.

Apple Price Performance

Shares of Apple stock opened at $343.83 on Thursday. 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 Inc. has a twelve month low of $243.42 and a twelve month high of $351.73. The business has a 50-day moving average price of $331.73 and a 200 day moving average price of $295.51. The firm has a market cap of $5.02 trillion, a PE ratio of 39.43, a P/E/G ratio of 2.75 and a beta of 1.07.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. The company had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple had a return on equity of 135.46% and a net margin of 27.62%. Apple's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.57 EPS. Sell-side analysts predict that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Profile

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.

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.