<div id="readability-page-1"><p>1248 Management LLC raised its position in  Apple Inc. (NASDAQ:AAPL - Free Report) by 25.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,545 shares of the iPhone maker's stock after purchasing an additional 9,836 shares during the quarter. Apple accounts for about  3.7% of 1248 Management LLC's holdings, making the stock its 8th biggest holding. 1248 Management LLC's holdings in Apple were worth $9,960,000 at the end of the most recent reporting period.</p><ul><li>MarketBeat Week in Review – 12/8 - 12/12</li></ul><p>Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in  Apple by 1.1% during the second quarter. Vanguard Group Inc. now owns 1,415,932,804 shares of the iPhone maker's stock valued at $290,506,933,000 after buying an additional 15,141,995 shares during the period.  State Street Corp lifted its position in shares of  Apple by 0.9% in the second quarter. State Street Corp now owns 601,249,995 shares of the iPhone maker's stock valued at $123,358,461,000 after acquiring an additional 5,224,229 shares in the last quarter.  Geode Capital Management LLC boosted its holdings in shares of  Apple by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 354,749,794 shares of the iPhone maker's stock valued at $72,506,336,000 after purchasing an additional 4,942,638 shares during the last quarter.  Kingstone Capital Partners Texas LLC raised its position in shares of  Apple by 573,627.2% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker's stock valued at $39,065,374,000 after buying an additional 205,656,808 shares in the last quarter.  Finally, Norges Bank bought a new stake in  Apple in the second quarter worth about $38,942,255,000. Institutional investors own  67.73% of the company's stock. </p><h2>Apple Stock Performance</h2><p>Shares of AAPL stock opened at $278.28 on Friday. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $288.62. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.86 and a current ratio of 0.89. The company has a market capitalization of $4.11 trillion, a price-to-earnings ratio of 37.25, a PEG ratio of 2.60 and a beta of 1.10. The company has a 50-day simple moving average of $268.24 and a 200 day simple moving average of $237.03. </p><ul><li>The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains</li></ul><p>Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.74 by $0.11. Apple had a net margin of 26.92% and a return on equity of 164.05%. The company had revenue of $102.47 billion during the quarter, compared to the consensus estimate of $101.65 billion. During the same period in the previous year, the business earned $1.64 earnings per share. The firm's quarterly revenue was up 8.7% on a year-over-year basis.  On average, sell-side analysts predict that  Apple Inc. will post 7.28 earnings per share for the current year. </p><h2>Apple Dividend Announcement</h2><p>The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 10th were issued a dividend of $0.26 per share. The ex-dividend date was Monday, November 10th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple's dividend payout ratio  is currently 13.92%. </p><h2>Insider Buying and Selling</h2><ul><li>Apple Stock Could Surge on Record iPhone Sales and Bold AI Strategy</li></ul><p>In other news, CFO Kevan Parekh sold 4,199 shares of Apple stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the sale, the chief financial officer owned 8,765 shares in the company, valued at $2,168,373.35. This trade represents a 32.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 3,752 shares of the company's stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $271.23, for a total transaction of $1,017,654.96. Following the completion of the transaction, the insider owned 15,098 shares in the company, valued at approximately $4,095,030.54. The trade was a 19.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 228,052 shares of company stock valued at $58,604,588 over the last ninety days. Corporate insiders own  0.06% of the company's stock. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several brokerages have issued reports on AAPL. The Goldman Sachs Group  reissued a &#34;buy&#34; rating on shares of Apple in a research note on Wednesday, December 3rd. Seaport Res Ptn upgraded shares of Apple to a &#34;strong-buy&#34; rating in a research note on Wednesday, October 1st. Cowen  reissued a &#34;buy&#34; rating on shares of Apple in a report on Monday, October 27th. Robert W. Baird  set a $300.00 price objective on shares of Apple in a research note on Friday, October 31st. Finally, Jefferies Financial Group upgraded shares of Apple from an &#34;underperform&#34; rating to a &#34;hold&#34; rating and increased their price target for the stock from $203.07 to $246.99 in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued  a Buy rating, eleven have assigned  a Hold rating and one  has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock  has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $282.51.</p><p><b>Read Our Latest Research Report on AAPL</b></p><h2>Apple Profile</h2> (Free Report)<p>Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.</p><h2>See Also</h2><ul><li>Five stocks we like better than Apple</li><li>How to Invest in the FAANG Stocks</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>Stock Analyst Ratings and Canadian Analyst Ratings</li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>How to invest in marijuana stocks in 7 steps </li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p><strong>Want to see what other hedge funds are holding AAPL?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QUFQTA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QUFQTA"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in Apple Right Now?</h2><p>Before you consider Apple, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list.</p><p>While Apple currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>1248 Management LLC increased its stake in Apple Inc. by 25.4% in Q2, purchasing 9,836 shares, now holding 48,545 shares worth $9.96 million. Other institutional investors like Vanguard, State Street, and Geode Capital also raised their Apple holdings. Apple's stock opened at $278.28, with a market cap of $4.11 trillion. The company reported strong quarterly earnings and announced a dividend of $0.26 per share. Insiders sold shares worth $58.6 million in the last 90 days.</p>

- 1248 Management LLC increased its stake in Apple Inc. by 25.4% in Q2, owning 48,545 shares valued at approximately $9.96 million.  
- Other institutional investors, including Vanguard Group and State Street Corp, also raised their positions in Apple, contributing to institutional ownership of 67.73%.  
- Apple reported Q4 earnings of $1.85 per share, exceeding estimates, with a revenue of $102.47 billion, and announced a quarterly dividend of $0.26 per share.

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1248 Management LLC Purchases 9,836 Shares of Apple Inc. $AAPL