Greenwoods Asset Management Hong Kong Ltd. Lowers Holdings in Apple Inc. $AAPL

Key Points

• Greenwoods Asset Management Hong Kong cut its Apple stake by 40.9% in the second quarter, selling 101,700 shares and retaining 146,668 shares valued at approximately $42.4 million.
• Apple reported quarterly EPS of $2.02, beating estimates of $1.89, while revenue rose 16.4% year over year to $109.42 billion. The company also maintains a quarterly dividend of $0.27 per share.
• Analysts hold a generally positive view, with a “Moderate Buy” consensus and average price target of $340.02, although concerns include Apple’s rich valuation, rising component costs, AI-related threats to its services business and a $5.7 billion patent verdict.

Greenwoods Asset Management Hong Kong Ltd. lowered its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 40.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,668 shares of the iPhone maker's stock after selling 101,700 shares during the quarter. Apple makes up 1.9% of Greenwoods Asset Management Hong Kong Ltd.'s investment portfolio, making the stock its 9th largest position. Greenwoods Asset Management Hong Kong Ltd.'s holdings in Apple were worth $42,440,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AAPL. Longfellow Investment Management Co. LLC purchased a new position in Apple in the 2nd quarter worth approximately $30,000. Lifetime Wealth Management P.C. purchased a new stake in shares of Apple in the 4th quarter valued at $41,000. Basso Capital Management L.P. purchased a new position in Apple in the 4th quarter worth $88,000. Bard Associates Inc. bought a new stake in Apple in the fourth quarter worth $109,000. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Apple during the fourth quarter valued at about $187,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $336.18, for a total transaction 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 trade represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 13,430 shares of company stock worth $4,342,255 over the last 90 days. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of AAPL opened at $333.69 on Friday. Apple Inc. has a fifty-two week low of $243.42 and a fifty-two week high of $345.34. The firm's 50-day simple moving average is $322.16 and its two-hundred day simple moving average is $300.01. The stock has a market cap of $4.87 trillion, a PE ratio of 38.27, a price-to-earnings-growth ratio of 2.66 and a beta of 1.07. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.13. Apple had a net margin of 27.62% and a return on equity of 135.46%. The firm had revenue of $109.42 billion during the quarter, compared to analyst estimates of $109.04 billion. During the same period last year, the business earned $1.57 earnings per share. The business's revenue was up 16.4% on a year-over-year basis. Analysts anticipate that Apple Inc. will post 8.75 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple is launching new safeguards designed to protect its devices from probing AI agents. The move may strengthen user trust and help preserve Apple’s security-focused ecosystem as agentic AI becomes more prominent. Apple Launches New Safeguards Against AI Agents
• Positive Sentiment: The fall product cycle remains a near-term tailwind. Morgan Stanley modestly raised its revenue forecast after Apple’s launches, while Counterpoint reportedly expects about 6 million sales of the $1,999 foldable iPhone Duo this year. New Apple Watch health features and potential smart-home products could also broaden the company’s ecosystem. Apple’s Fall Product Cycle Could Support Revenue Growth
• Neutral Sentiment: Morgan Stanley maintained an Overweight rating but lowered its price target to $355 from $360. Higher memory and component costs, along with possible iPhone pricing pressure, are offsetting much of the expected product-revenue benefit. Morgan Stanley Adjusts Price Target on Apple
• Negative Sentiment: A jury’s $5.7 billion patent verdict against Apple has raised concerns about potential ongoing royalties and pressure on hardware margins. Apple’s $5.7 Billion Patent Verdict Raises a Bigger Royalty Question
• Negative Sentiment: Investors remain worried that AI agents from rivals such as Meta could bypass the App Store and weaken Apple’s high-margin services business. Analysts also see limited upside after Apple’s strong run and its relatively rich valuation.
• Negative Sentiment: Senior Vice President Jennifer Newstead sold 2,399 shares valued at approximately $806,496, reducing her direct holdings by 5.4%. The transaction is small relative to her remaining stake but adds modest insider-selling pressure. Apple Insider Transaction Filing

Wall Street Analyst Weigh In

Several research firms have recently commented on AAPL. Loop Capital set a $380.00 price objective on Apple in a report on Friday, September 18th. China Renaissance lowered Apple from a "buy" rating to a "hold" rating and reduced their price target for the stock from $329.00 to $280.00 in a research report on Tuesday, August 4th. KGI Securities cut Apple from an "outperform" rating to a "hold" rating and set a $315.00 price target on the stock. in a research note on Monday, June 22nd. KeyCorp reiterated an "underweight" rating on shares of Apple in a report on Friday, September 4th. Finally, Moffett Nathanson reiterated a "neutral" rating and issued a $304.00 price target (up from $270.00) on shares of Apple in a report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $340.02.

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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