5 Best Augmented Reality Stocks to Invest In

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134

Apple Inc. (NASDAQ:AAPL) has the world’s largest augmented reality platform. The company offers a suite of AR devices and a multitude of AR apps on its App Store which can be downloaded using an iPhone or an iPad. The company offers ARKit, a platform that helps developers create AR experiences, and Apple Inc. (NASDAQ:AAPL) is currently working on a pair of smart AR glasses that will bring information from your phone right in front of your eyes, quite literally.

Last May, Apple Inc. (NASDAQ:AAPL) invested $410 million in the leading Pennsylvania-based optical technology company II-VI to further the development of Apple’s FaceID, Memoji, and Portrait Mode. Moreover, II-VI also manufactures lasers that are found on the LIDAR scanners on Apple devices which power the company’s AR experiences.

On January 27, Apple Inc. (NASDAQ:AAPL) reported earnings for the fiscal first quarter of 2022. The company recorded earnings per share of $2.10, beating estimates by $0.21, and generated quarterly revenues of more than $123.95 billion, outperforming market consensus by $5.41 billion.

This February, Tigress Financial analyst Ivan Feinseth raised his price target on Apple Inc. (NASDAQ:AAPL) to $210 from $198 and reiterated a Strong Buy rating on the shares following the company’s “record” first-quarter results.

At the end of Q4 2021, 134 hedge funds were long Apple Inc. (NASDAQ:AAPL) having stakes of more than $186 billion in the company. This is compared to 120 positions in the preceding quarter with stakes of $146 billion. The hedge fund sentiment for the stock is positive.

Warren Buffett’s Berkshire Hathaway is the top shareholder in Apple Inc. (NASDAQ:AAPL) as of December 31, 2021. The fund’s stakes in the company stand at $157.52 billion, which accounts for 47.59% of Berkshire Hathaway’s Q4 2021 investment portfolio.

ClearBridge Investments shared its thoughts about investing in Apple Inc. (NASDAQ:AAPL) in its fourth-quarter 2021 investor letter. Here is what the firm said:

“Despite these mixed emerging growth results, the ClearBridge Global Growth Strategy outperformed the benchmark due to resilience among our secular and structural growth holdings. The bulk of these contributions came from U.S. mega-cap growth stocks Apple and Microsoft which continued to uniquely act both offensively and defensively as they have through most of the pandemic.”