5 Best Most Active Stocks To Buy Now

4. Apple Inc. (NASDAQ:AAPL)

Volume as of October 10: 73.7 Million

Average Volume (3-Month): 80.1 Million

Number of Hedge Fund Holders: 128

Apple Inc. (NASDAQ:AAPL) has been experiencing high levels of activity on Wall Street in recent months and the stock is among the best most active stocks to buy now. As of October 10, the stock has an average trading volume of 80.1 million and an intraday volume of 73.7 million. On October 10, Barclays analyst Tim Long adjusted his price target on Apple Inc. (NASDAQ:AAPL) to $155 from $169 and reiterated an Equal Weight rating on the shares. This October, KeyBanc analyst Brandon Nispel maintained his $185 and an Overweight rating on Apple Inc. (NASDAQ:AAPL).

At the end of Q2 2022, 128 hedge funds were bullish on Apple Inc. (NASDAQ:AAPL) and held stakes worth $143 billion in the company. Of those, Berkshire Hathaway is the most prominent investor and has stakes worth $122.3 billion in the company.

Here is what Distillate Capital Partners LLC had to say about Apple Inc. (NASDAQ:AAPL) in its second-quarter 2022 investor letter:

“Apple was largest new purchase in the quarter, at a 2% weight. Apple underperformed the overall market last quarter, and given very minimal debt, this price weakness translated into a commensurate fall in its enterprise value. For stocks with higher debt levels, it takes a disproportionately bigger market cap drop to achieve the same valuation improvement and this is a key reason we avoid highly leveraged names where significant price weakness can be experienced during a revaluation process. Alongside this decline in EV for Apple, its estimated free cash flows have risen steadily throughout the year. This contrast between a falling enterprise value and rising free cash flow, which is highlighted in Figure 12, made the stock sufficiently better valued such that it entered the portfolio. While Apple’s valuation is now attractive enough to warrant inclusion in the portfolio, it still ranks in the bottom quartile of the portfolio’s holdings and so the stock’s initiating weight is capped at a 2%. This contrasts significantly with Apple’s near-7% position in the S&P 500 benchmark, and reflects both our preference to avoid too much concentration risk as well our goal of ensuring that the overall portfolio valuation is as attractive as possible while balancing characteristics of stability and low indebtedness.”