5 Best Motley Fool Stocks To Buy Now

3. Apple Inc. (NASDAQ:AAPL)

Motley Fool Asset Management’s Stake Value: $55,115,000
Percent of Motley Fool Asset Management’s 13F Portfolio: 3.64%
Number of Hedge Fund Holders: 138

In Q2, Motley Fool increased its stake in Apple Inc. (NASDAQ:AAPL) by 6% and now holds 402,416 shares in the company, valued at over $55 million. The company represents 3.64% of the hedge fund’s 13F portfolio.

Apple Inc. (NASDAQ:AAPL), a multinational tech company, sold over 14.7 million iPads during the third quarter of 2021, with its iPad revenue reaching $8.3 billion. The company now represents 34.6% of the worldwide tablet market, up from 30% in the prior-year quarter. Recently, Canaccord raised its price target on Apple Inc. (NASDAQ:AAPL) to $185, with a Buy rating on the shares, appreciating the strong demands of the company’s products.

At the end of Q2, 138 hedge funds tracked by Insider Monkey reported owning stakes in Apple Inc. (NASDAQ:AAPL), up from 127 in the previous quarter. The total worth of these stakes is over $145.5 billion.

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.”