5 Best Most Active Stocks To Buy Now

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 120  

Volume as of February 10: 46.5 million

Apple Inc. (NASDAQ:AAPL) is a California-based tech giant with core interests in consumer electronics. On February 7, Wedbush analyst Daniel Ives maintained an Outperform rating on the stock with a price target of $200, noting that the purchase of exercise firm Peloton Interactive would be a “major strategic coup” for Apple if it happened. 

Apple Inc. (NASDAQ:AAPL) has attracted the interest of elite hedge funds in the past few years. At the end of the third quarter of 2021, 120 hedge funds in the database of Insider Monkey held stakes worth $146 billion in Apple Inc. (NASDAQ:AAPL). 

In its Q1 2021 investor letter, Distillate Capital, an asset management firm, highlighted a few stocks and Apple Inc. (NASDAQ:AAPL) was one of them. Here is what the fund said:

“Apple is an even more notable situation and one that highlights our free cash valuation methodology and bears further discussion given its Q3 ‘20 sale from our strategy. For an extended period, Apple was extraordinarily inexpensive on a free cash flow basis and was the largest position in our strategy, exceeding 5% of the portfolio.”