10 Most Popular Stocks Among Hedge Funds (Part 2)

7. Apple Inc. (NASDAQ:AAPL)

Hedge fund interest in Apple Inc. (NASDAQ:AAPL) remained at the same level as it was a quarter earlier, as 113 funds tracked by Insider Monkey held long stakes in the company valued at $30.9 billion. Apple’s stock got hammered on Monday after Mizuho’s Abhey Lamba downgraded the stock to ‘Neutral’ over concerns about Apple’s valuation. He thinks that the enthusiasm around the iPhone 8 is already baked into the current stock price. Lamba also thinks that Apple might not be able to expand its user base with the iPhone 8 amid its hefty price tag (which is expected to tip the scales at $1,000). Warren Buffett’s Berkshire Hathaway owns 129.36 million shares of Apple Inc. (NASDAQ:AAPL) as of the end of the first quarter.

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