Eleva Capital SAS Makes New Investment in Apple Inc. $AAPL

Key Points

• Eleva Capital SAS acquired 3,200 Apple shares worth approximately $1.07 million in the third quarter, making Apple 0.9% of its portfolio. Institutional investors and hedge funds collectively own 67.73% of Apple.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $340.39, supported by strong recent earnings and growing iPhone demand. However, some analysts cite Apple’s demanding valuation and potential supplier production cuts as risks.
• Apple is expanding its ecosystem with new smart-home products and partnerships, while investors await iPhone Duo preorders. Shares recently traded near $341, close to their 12-month high of $348.15, at a price-to-earnings ratio of 39.14.

Eleva Capital SAS bought a new stake in Apple Inc. (NASDAQ:AAPL - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,200 shares of the iPhone maker's stock, valued at approximately $1,066,000. Apple comprises 0.9% of Eleva Capital SAS's portfolio, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prospect Hill Management LLC bought a new stake in shares of Apple during the 2nd quarter valued at $146,370,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of Apple in the 2nd quarter worth about $168,646,000. Wealthfront Advisers LLC bought a new position in shares of Apple in the 2nd quarter worth about $482,388,000. Satovsky Asset Management LLC bought a new position in shares of Apple in the 2nd quarter worth about $16,064,000. Finally, Saranac Partners Ltd purchased a new position in Apple during the 2nd quarter valued at about $9,513,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple News Summary

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple launched the $299 HomeView smart-home hub, featuring an upgraded Siri AI assistant, along with a new Apple TV 4K, HomePod mini 2, cameras, a video doorbell, smart lock, thermostat and other accessories. The products expand Apple’s ecosystem into the home and provide a potential new source of hardware and services revenue. Apple releases HomeView smart home hub with screen as showcase for Siri AI
• Positive Sentiment: Partnerships with LG Electronics and Schneider Electric broaden the Apple Home Collection, including security, energy-management and access-control products that could increase engagement with iPhones, Apple Watches and other Apple devices. LG announces smart-home accessories developed with Apple
• Positive Sentiment: Analyst support remains favorable. Bernstein reiterated a Buy rating with a $370 target, while JPMorgan raised its target to $360. Reports also indicate Apple’s iPhone market share reached 22% in the latest quarter, and iPhone 18 Pro demand may be stronger than last year. Bernstein reiterates Buy rating on Apple
• Positive Sentiment: A federal judge ordered OpenAI to provide hiring records and other materials in Apple’s trade-secrets lawsuit, potentially helping Apple investigate the recruitment of former employees and its claims against OpenAI. Judge orders OpenAI to turn over hiring records
• Neutral Sentiment: Investors are awaiting iPhone Duo preorders on October 16. Strong purchase intent could support the stock, but pricing and delivery trends will be closely watched.
• Negative Sentiment: Some suppliers are reportedly cutting production of newer iPhone models, while shorter delivery windows for Pro models raise questions about demand. Apple’s shares also trade at a demanding valuation, leaving less room for disappointing December-quarter guidance.
• Negative Sentiment: Analysts warn that SpaceX’s potential Starlink smartphone and Google’s expanding health-data platform could intensify competition in wireless services, wearables and ecosystem engagement over time.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Apple from $340.00 to $360.00 and gave the stock an "overweight" rating in a research report on Monday. DZ Bank lowered Apple from a "buy" rating to a "hold" rating and set a $310.00 price objective for the company. in a research report on Tuesday, August 4th. Rothschild & Co Redburn set a $400.00 price objective on Apple and gave the company a "buy" rating in a research note on Monday, August 17th. BTIG Research started coverage on shares of Apple in a research note on Monday, August 17th. They issued a "neutral" rating on the stock. Finally, TD Cowen reaffirmed a "buy" rating and issued a $400.00 target price on shares of Apple in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $340.39.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $341.27 on Wednesday. The firm has a 50 day moving average of $324.00 and a 200 day moving average of $304.61. 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 firm has a market capitalization of $4.98 trillion, a price-to-earnings ratio of 39.14, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07. Apple Inc. has a 12-month low of $243.42 and a 12-month high of $348.15.

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 the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion for the quarter, compared to the consensus estimate of $109.04 billion. Apple had a net margin of 27.62% and a return on equity of 135.46%. The company's quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm earned $1.57 earnings per share. On average, research analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 13th. Stockholders of record on Monday, August 10th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Apple's dividend payout ratio is 12.39%.

Insider Buying and Selling

In other Apple news, insider Timothy D. Cook sold 191,753 shares of the business's stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.96, for a total transaction of $63,846,078.88. Following the completion of the sale, the insider owned 3,264,168 shares of the company's stock, valued at approximately $1,086,837,377.28. The trade was a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 business's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $336.18, for a total value of $806,495.82. Following the sale, the senior vice president directly owned 41,992 shares of the company's stock, valued at $14,116,870.56. This represents a 5.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 279,383 shares of company stock valued at $92,912,517 in the last 90 days. 0.06% of the stock is owned by company insiders.

Apple Company Profile

Apple Inc is a technology company that designs, develops and markets 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 software platforms, including iOS, macOS, iPadOS, watchOS and visionOS.

Apple's services business includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple News+, Apple Fitness+ and iCloud.

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