“Apple Inc (AAPL) is the most popular stock among hedge funds tracked by Insider Monkey,” Philip Elmer-DeWitt reports for Fortune.
“There are 125 hedge funds reported to own AAPL at the end of September,” P.E.D. reports. “For example, Ken Griffin’s Citadel Investment Group had $928 million invested in AAPL shares as of September 30.”
P.E.D. reports, “The stock was also purchased by one insider over the past month. On November 29, Robert Iger bought 1370 shares at $374.4856 and another 1300 shares at $375.3292. Now the stock is trading at $396.19. AAPL has a market cap of $368B and a P/E ratio of 14.31. It returned 20.14% since the beginning of this year.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” and “Judge Bork” for the heads up.]
One of the easiest holdings to manipulate due to ANAList FUD and unethical back door dealings amongst traders and said ANALists.
the more i read and think about the impacts these hedge funds have upon apple stock valuations, i am increasingly coming to the conclusion that they are holding down the value, in various guises and ways, in order to try and force apple to make with the dividend, so they can hoover up more profits.
personally as a long term apple stock owner i would much prefer to see a BIG stock split so that young people – students for example – who are among apples best customers, can actually afford to invest in the company and reap a reward.
i bought in at $10 per share, and even though i am certain the stock will get up to at least $500 per share, at $400 i can’t afford to buy in anymore. make the stock affordable to people of limited means and they will buy it and the value will climb, at least if the law of supply and demand is still operable.
You can buy fractional shares at a number of places… you should stop worrying about the price and focus on the fundamentals (which are awesome in apples case).