Robinhood Asset Management LLC Makes New $35.38 Million Investment in Apple Inc. $AAPL

Key Points

• Robinhood Asset Management initiated a $35.38 million Apple position in the second quarter, buying 122,289 shares. Apple now represents about 1.9% of the fund’s portfolio, while institutional investors collectively own 67.73% of the stock.
• Apple reported quarterly revenue of $109.42 billion and earnings of $2.02 per share, exceeding analyst expectations; revenue increased 16.4% year over year. The company also maintains a $0.27 quarterly dividend, equal to a 0.3% yield.
• Apple shares were trading near their 52-week high at $339.75, with analysts holding a “Moderate Buy” consensus and an average price target of $340.14. Investor sentiment is supported by product and AI momentum, though elevated valuation, legal issues and geopolitical supply-chain risks remain concerns.

Robinhood Asset Management LLC purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 122,289 shares of the iPhone maker's stock, valued at approximately $35,385,000. Apple comprises about 1.9% of Robinhood Asset Management LLC's portfolio, making the stock its 5th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in AAPL. Heron Bay Capital Management acquired a new position in Apple in the second quarter valued at $1,971,000. Callan Family Office LLC acquired a new stake in Apple in the 2nd quarter worth about $177,541,000. Expressive Wealth LLC acquired a new stake in Apple in the 2nd quarter worth about $1,955,000. Gambit Capital Management LLC purchased a new stake in Apple in the 2nd quarter valued at about $2,840,000. Finally, Fund Advisors of America Inc FL purchased a new stake in Apple in the 2nd quarter valued at about $6,095,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

Shares of AAPL stock opened at $339.75 on Wednesday. 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 company has a market cap of $4.96 trillion, a PE ratio of 38.96, a P/E/G ratio of 2.94 and a beta of 1.08. The company's fifty day simple moving average is $321.17 and its 200-day simple moving average is $295.97. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $345.34.

Apple (NASDAQ:AAPL - Get Free Report) last announced 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. 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 analysts' expectations of $109.04 billion. During the same period in the prior year, the company earned $1.57 EPS. The firm's revenue was up 16.4% on a year-over-year basis. As a group, equities research analysts anticipate that Apple Inc. will post 8.74 EPS for the current year.

Apple Announces Dividend

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

Insider Buying and Selling at Apple

In other news, SVP Jennifer Newstead sold 1,438 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $330.19, for a total value of $474,813.22. Following the completion of the sale, the senior vice president owned 32,914 shares in the company, valued at approximately $10,867,873.66. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 8,632 shares of company stock valued at $2,719,955 over the last ninety days. 0.06% of the stock is owned by corporate insiders.

Apple News Roundup

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Foldable iPhone momentum: Investor enthusiasm remains high following Apple’s introduction of the approximately $1,999 iPhone Duo, which represents the company’s biggest iPhone design change in years. Early interest and strong iPhone 18 Pro preorder lead times have reinforced expectations for an upgrade cycle and potentially higher revenue. Apple Folds & Meta Muses
• Positive Sentiment: AI-focused Macs: New Mac mini and Mac Studio systems are being marketed as a lower-cost alternative to cloud data-center computing because businesses can run AI models locally without recurring per-token charges. The strategy could support Mac demand and broaden Apple’s role in enterprise AI, even as Nvidia remains dominant in large-scale infrastructure. With new Macs, Apple aims to take on Microsoft, Nvidia in a rush to lower AI costs
• Positive Sentiment: Wearables expansion: Apple is reportedly developing a screenless fitness tracker to compete with Whoop and Oura. A lower-priced, health-focused wearable could expand Apple’s addressable market and generate additional services revenue, although the product may not launch until as early as 2028. Apple Considers Screenless Fitness Tracker to Expand Wearable Lineup Beyond Smartwatches
• Positive Sentiment: Services and international growth: Apple plans to launch Apple Pay in India next month, initially with Axis Bank, while hiring in digital assets could support future payments and tokenization initiatives. These efforts add to the company’s recurring-revenue ecosystem.
• Neutral Sentiment: Valuation and technical backdrop: Apple’s record run and roughly 39-times earnings multiple are attracting profit-taking concerns, but analysts continue to cite earnings beats, strong cash generation, and improving product momentum. The stock is trading near its 52-week high and close to technical breakout levels.
• Negative Sentiment: Legal and geopolitical risks: Apple is opening claims under a $250 million settlement related to alleged misleading Apple Intelligence advertising. Separately, pressure on the new CEO to reconsider Chinese chip sourcing highlights supply-chain and U.S.-China trade risks.

Wall Street Analyst Weigh In

AAPL has been the topic of several recent analyst reports. Bank of America reiterated a "buy" rating and set a $370.00 price objective on shares of Apple in a report on Thursday, September 17th. Jefferies Financial Group restated an "underperform" rating on shares of Apple in a report on Wednesday, September 9th. Sanford C. Bernstein upped their price target on shares of Apple from $350.00 to $370.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Loop Capital set a $380.00 price target on shares of Apple in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Apple from a "buy" rating to a "hold" rating in a report on Monday, August 17th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $340.14.

Apple Company Profile

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.

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.