Billionaire Tom Sandell is Buying These 5 Stocks

2. Apple Inc. (NASDAQ:AAPL)

Sandell Asset Management’s Stake Value: $15,420,000 

Percentage of Sandell Asset Management’s 13F Portfolio: 15.42%

Apple Inc. (NASDAQ:AAPL) is one of the world’s leading publicly listed companies. The Cupertino, California-based company is the designer, manufacturer of various consumer electronics devices like smartphones (iPhone), personal computers (Mac and iMac), tablets (iPad), wearables (AirPods and Apple Watch), accessories (Beats product), and related services (Apple TV) across the world. The corporation is planning to launch its virtual and augmented reality headset and introduce a self-driving car by 2025.

In a research note issued on November 28, Daniel Ives at Wedbush anticipates Apple Inc. (NASDAQ:AAPL) to sell more than 10 million iPhones over Black Friday and nearly 40 million iPhones during the festive period of Black Friday, Christmas, and New Year. If Apple Inc. (NASDAQ:AAPL) meets this forecast, it will break records for all previous holiday sales for the company. The analyst kept an Outperform rating with a target price of $185 on Apple Inc. (NASDAQ:AAPL).

At the end of Q3 2021, Sandell Asset Management held 133,148 shares in Apple Inc. (NASDAQ:AAPL), worth $15.42 million.