5 Best Reddit Stocks According to Billionaires

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This article presents an overview of the 5 Best Reddit Stocks According to Billionaires. For a detailed overview of such stocks, read our article, 12 Best Reddit Stocks According to Billionaires.

5. Apple Inc (NASDAQ:AAPL)

Number of Billionaire Investors: 19

Apple Inc (NASDAQ:AAPL) ranks 5th in our list of the best Reddit stocks loved by billionaires. Earlier this month, the Wall Street Journal reported that Apple Inc (NASDAQ:AAPL) and its suppliers are planning to produce 50 million to 60 million iPhones in India per year over the next 2-3 years.

Out of the 910 hedge funds tracked by Insider Monkey, 134 hedge funds had stakes in Apple Inc (NASDAQ:AAPL). A total of 19 billionaires reported having stakes in Apple Inc (NASDAQ:AAPL) as of the end of the third quarter.

Hayden Capital made the following comment about Apple Inc. (NASDAQ:AAPL) in its third 2023 investor letter:

“Even Berkshire Hathaway’s most famous investment of the last decade – Apple Inc. (NASDAQ:AAPL) – was based on a similar set up. When Berkshire invested in 2016, Apple’s subscription revenues were just starting to cross ~10% of total revenues. Today, that figure is ~25%.

While operating income has grown +90% from 2016 to 2023, the valuation multiple itself has expanded by ~300%, from ~6x EV/EBIT to ~24x EV/EBIT today.

Investors have evolved their perception of Apple’s products – from that of a “fad” hardware company at risk of competition, to that of a “consumer staple”, a necessary part of a household’s budget…” (Click here to read the full text)

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