Snider Financial Group Purchases 14,867 Shares of Apple Inc. $AAPL

Snider Financial Group grew its position in Apple Inc. (NASDAQ:AAPL) by 69.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,277 shares of the iPhone maker’s stock after buying an additional 14,867 shares during the period. Apple accounts for approximately 2.8% of Snider Financial Group’s investment portfolio, making the stock its 10th largest position. Snider Financial Group’s holdings in Apple were worth $11,192,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Avenir Tech Ltd purchased a new position in Apple in the second quarter worth approximately $29,000. Ironwood Wealth Management Inc. acquired a new stake in Apple during the third quarter worth $34,000. Longfellow Investment Management Co. LLC purchased a new stake in Apple in the second quarter valued at $30,000. ABS Investment Management LLC purchased a new stake in Apple in the second quarter valued at $376,168,000. Finally, Bamco Inc. NY purchased a new stake in Apple in the second quarter valued at $118,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple acquired Ascension Labs, which operates as Ascend.io, gaining access to agentic artificial-intelligence talent and intellectual property. The deal supports Apple’s effort to strengthen its AI capabilities, although financial terms were not disclosed. Apple Acquires AI Firm Ascend.io Talent and Patents
• Positive Sentiment: Demand indicators remain supportive: the foldable iPhone Duo reportedly sold out quickly, orders are backed up, and Apple is positioned to benefit from strong iPhone, Mac and Services demand. Analysts including Bank of America and Goldman Sachs remain constructive, with BofA reiterating a Buy rating and a $370 price target. Analyst Reiterates Buy on Apple
• Positive Sentiment: The first touchscreen MacBook Pro, equipped with OLED displays and M5 Pro or M5 Max chips, expands Apple’s premium hardware lineup and could support a new product-cycle catalyst. Apple Shows First Touchscreen Laptops
• Neutral Sentiment: Apple’s earnings report is the immediate focus. Investors will look for evidence that revenue growth, Services momentum and AI investments can offset rising component costs and potentially slower holiday growth. Options activity suggests substantial volatility around the release. Apple November 2 Earnings Preview
• Negative Sentiment: AI-related demand has sharply increased flash-memory prices, raising concerns that Apple’s gross margin will come under pressure. Qualcomm also indicated that Apple-related revenue is declining faster than previously expected, reinforcing concerns about the pace of future iPhone growth. AI Has Made Flash Memory More Expensive
• Negative Sentiment: At roughly 40 times earnings and near its yearly high, Apple has limited room for an earnings or guidance disappointment. A senior vice president’s repeated stock sales and a South Korean fine related to app-market practices add modest additional caution. Apple Insider Selling

Apple Stock Down 1.2%

NASDAQ:AAPL opened at $344.63 on Friday. Apple Inc. has a 52 week low of $243.42 and a 52 week high of $351.73. The stock’s fifty day moving average is $333.04 and its two-hundred day moving average is $296.38. The stock has a market capitalization of $5.03 trillion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 2.76 and a beta of 1.07. 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 (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.13. The business 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%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.57 earnings per share. Research analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

Insider Transactions at Apple

In related news, CEO John Ternus sold 25,412 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the transaction, the chief executive officer owned 59,567 shares of the company’s stock, valued at approximately $19,832,236.98. This represents a 29.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Timothy Cook sold 191,753 shares of the firm’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $332.96, for a total value of $63,846,078.88. Following the transaction, the insider owned 3,264,168 shares of the company’s stock, valued at $1,086,837,377.28. This trade represents a 5.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 289,252 shares of company stock worth $96,301,063 in the last 90 days. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AAPL shares. Maxim Group increased their price target on Apple from $350.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, July 31st. CICC Research raised their price objective on Apple from $310.00 to $340.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Morgan Stanley restated an “overweight” rating on shares of Apple in a report on Wednesday, October 21st. Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and decreased their target price for the company from $370.00 to $330.00 in a research report on Tuesday, October 20th. Finally, Evercore reaffirmed an “outperform” rating on shares of Apple in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.49.

Apple Company 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.