5 Best Most Active Stocks to Buy Now

4. Apple Inc. (NASDAQ:AAPL)

Average 3-month Volume: 56.65 million

Number of Hedge Fund Holders: 131

Apple Inc. (NASDAQ:AAPL) is a leading technology company focused on the designing, manufacturing, and marketing of smartphones, personal computers, tablets, wearables, and accessories, and sells a variety of related services.

On May 4, Apple Inc. (NASDAQ:AAPL) released its financial results for the quarter ended April 1, 2023. Its revenue declined by 3% y-o-y to $95 billion while net income shrunk by 3% y-o-y to $24.2 billion. The Board of Directors of the company declared a quarterly cash dividend of $0.24, an increase of 4%. It also authorized an additional share repurchase program of up to $90 billion.

On July 11, KeyBanc analyst Brandon Nispel raised the price target on Apple Inc. (NASDAQ:AAPL) shares to $200 from $180 and maintained an ‘Overweight’ rating for the shares.

As of Q1 2023, Apple Inc. (NASDAQ:AAPL) shares were held by 128 of the 943 hedge funds tracked by Insider Monkey with the total shares held by hedge funds valued at a whopping $165 billion. Warren Buffet’s Berkshire Hathaway was its biggest shareholder with ownership of 915.6 million shares valued at $151 billion.