5 Best Media Stocks To Buy Now

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 138

Apple Inc. (NASDAQ:AAPL) released its online video streaming services, Apple TV+ in 2019 and has already reached over 40 million subscribers in 2021.

At the end of Q2, 138 hedge funds tracked by Insider Monkey were bullish on Apple Inc. (NASDAQ:AAPL), valued at $145.5 billion. In the previous quarter, 127 hedge funds had positions in the company, highlighting a positive hedge fund sentiment.

Recently, DA Davidson lifted its price target on Apple Inc. (NASDAQ:AAPL) to $175, with a Buy rating on the shares, highlighting the company’s strong business during the pandemic as the work from home policy spiked the laptop sales. In the past year, Apple Inc. (NASDAQ:AAPL) gained 33%.

ClearBridge Investments mentioned Apple Inc. (NASDAQ:AAPL) in its first-quarter 2021 investor letter. Here is what the firm has to say:

“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”