Spirepoint Private Client LLC Raises Stock Holdings in Apple Inc. $AAPL

Key Points

• Spirepoint Private Client LLC increased its Apple stake by 10.5% in Q4 to 170,031 shares worth $46.225 million, representing about 4.4% of the fund's portfolio and its second‑largest holding.
• Insider selling is notable: CEO Tim Cook sold 64,949 shares (~$16.5M) and CFO Kevan Parekh sold 1,534 shares (~$421.9K); insiders sold 96,485 shares (~$24.6M) in the last three months and now own about 0.06% of the company.
• Analysts carry a consensus "Moderate Buy" with a $301.83 average price target (22 Buys, 12 Holds, 1 Sell); near‑term catalysts include Q2 earnings on Apr 30 amid mixed headlines—iPhone momentum and services growth versus AI competition and App Store regulatory risk.

Spirepoint Private Client LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 170,031 shares of the iPhone maker's stock after acquiring an additional 16,169 shares during the period. Apple comprises about 4.4% of Spirepoint Private Client LLC's portfolio, making the stock its 2nd biggest position. Spirepoint Private Client LLC's holdings in Apple were worth $46,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Trust grew its position in shares of Apple by 1.2% in the 4th quarter. Legacy Trust now owns 124,248 shares of the iPhone maker's stock valued at $33,778,000 after buying an additional 1,484 shares during the last quarter. Brookwood Investment Group LLC grew its position in shares of Apple by 5.4% in the 4th quarter. Brookwood Investment Group LLC now owns 116,359 shares of the iPhone maker's stock valued at $31,633,000 after buying an additional 5,943 shares during the last quarter. BOCHK Asset Management Ltd grew its position in shares of Apple by 57.1% in the 4th quarter. BOCHK Asset Management Ltd now owns 21,050 shares of the iPhone maker's stock valued at $5,723,000 after buying an additional 7,650 shares during the last quarter. Buska Wealth Management LLC grew its position in shares of Apple by 11.1% in the 4th quarter. Buska Wealth Management LLC now owns 1,862 shares of the iPhone maker's stock valued at $506,000 after buying an additional 186 shares during the last quarter. Finally, Accordant Advisory Group Inc grew its position in shares of Apple by 6.2% in the 4th quarter. Accordant Advisory Group Inc now owns 1,704 shares of the iPhone maker's stock valued at $463,000 after buying an additional 100 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on AAPL shares. Bank of America upped their price target on Apple from $320.00 to $325.00 and gave the company a "buy" rating in a research report on Tuesday, April 14th. Citigroup reiterated a "buy" rating on shares of Apple in a research report on Tuesday, April 21st. DA Davidson reiterated a "neutral" rating and issued a $270.00 price target on shares of Apple in a research report on Friday, January 30th. TD Cowen reiterated a "buy" rating and issued a $325.00 price target on shares of Apple in a research report on Friday, January 30th. Finally, Evercore reiterated an "outperform" rating on shares of Apple in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $301.83.

Insider Buying and Selling

In related news, CFO Kevan Parekh sold 1,534 shares of the company's stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total transaction of $421,850.00. Following the transaction, the chief financial officer directly owned 13,366 shares of the company's stock, valued at approximately $3,675,650. This represents a 10.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 64,949 shares of the company's stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total value of $16,511,984.27. Following the transaction, the chief executive officer directly owned 3,280,418 shares in the company, valued at approximately $833,980,668.14. This trade represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 96,485 shares of company stock valued at $24,594,845. 0.06% of the stock is owned by company insiders.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: iPhone momentum and share gains support revenue upside — reports say Apple reclaimed the top global smartphone slot in the March quarter, which underpins expectations for continued hardware-led top‑line strength. iPhone 17 shipment story
• Positive Sentiment: Services growth and App Store moves could lift recurring revenue — Services jumped ~14% Y/Y in fiscal Q1 and Apple rolled out a cheaper, 12‑month-commitment monthly subscription option to boost retention and ARPU. Services growth article App Store subscription change
• Positive Sentiment: Street upgrades and modest estimate bumps ahead of earnings — UBS and some analysts raised targets and Erste edged FY26 EPS forecasts up, increasing the bar for a beat/guide‑up reaction. UBS price target lift
• Neutral Sentiment: Scheduled earnings and macro prints are the immediate catalyst — Q2 results (Apr 30 after close) and April PCE/GDP/Fed commentary this week increase short‑term volatility and make the print the main market mover. Earnings and economic calendar preview
• Neutral Sentiment: CEO succession to John Ternus is being priced in — investors are parsing his engineering/product focus (longer-term positive) versus near‑term execution risk during the transition. Ternus CEO succession piece
• Negative Sentiment: Competition on AI-first phones (Qualcomm + OpenAI/MediaTek) is pressuring sentiment — reports that rivals are building AI-native chips have led to rotation into chipmakers and increased worry about Apple’s on‑device AI roadmap. Qualcomm/OpenAI competition
• Negative Sentiment: Regulatory/legal uncertainty on the App Store persists — Epic’s recent procedural win keeps the external‑payments environment unsettled, which could affect Services economics and developer relations. Epic Games / App Store legal update
• Negative Sentiment: Ongoing criticism that Apple lags on AI execution — multiple pieces argue Apple needs a visible AI breakthrough; that narrative is increasing downside risk if the earnings/guide don’t show clear AI monetization progress. Apple AI execution concern
• Negative Sentiment: Insider selling flagged — a recent SEC filing shows a sale by a senior finance executive, which can amplify short‑term nervousness even if the size is modest. SEC Form 4

Apple Stock Down 0.2%

AAPL stock opened at $270.17 on Thursday. The stock's 50 day simple moving average is $260.51 and its 200 day simple moving average is $264.98. Apple Inc. has a fifty-two week low of $193.25 and a fifty-two week high of $288.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. The company has a market cap of $3.97 trillion, a P/E ratio of 34.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.11.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.67 by $0.17. Apple had a return on equity of 159.94% and a net margin of 27.04%.The business had revenue of $143.76 billion for the quarter, compared to the consensus estimate of $138.25 billion. During the same period in the prior year, the business earned $2.40 EPS. The firm's revenue for the quarter was up 15.7% on a year-over-year basis. On average, research analysts expect that Apple Inc. will post 8.52 earnings per share for the current fiscal year.

Apple Company Profile

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

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