5 Best Streaming Stocks To Buy Now

2. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 134

Apple Inc. (NASDAQ:AAPL) is the Cupertino-based tech giant which revolutionized the world with its Mac computers and iPhones. In recent times, Apple has made successful forays into the streaming world with its Apple TV platform, and has reaped the benefits of producing high-quality content, with the first-ever Oscar win for a film originally produced by a streaming platform.

On April 29, Deutsche Bank analyst Sidney Ho reiterated a ‘Buy’ rating on Apple Inc. (NASDAQ:AAPL) shares, and revised the price target to $200 from $210. The analyst notes that latest quarterly results show continued strength in demand for Apple’s products and services, although uncertainty in China led to increased supply-chain issues. Regardless, she views the firm as a “high-quality” name in the market, and thinks its premium valuation is justified as compared to tech hardware peers.

For the first quarter, Apple Inc. (NASDAQ:AAPL) posted EPS of $1.52, outperforming estimates by $0.09. The company raked in $97.3 billion in revenue for the quarter, exceeding analysts’ forecasts by $3.3 billion. As of May 17, shares of Apple Inc. (NASDAQ:AAPL) have gained 19.54% in the last 12 months.

Out of all the hedge funds tracked by Insider Monkey, 134 reported holding stakes in Apple Inc. (NASDAQ:AAPL) at the end of Q4 2021, with a combined worth of $18.6 billion. This shows growing investor confidence in the firm over the previous quarter, where 120 hedge funds were long on the company shares. Apple Inc. (NASDAQ:AAPL) shares comprised 42.78% of Berkshire Hathaway‘s Q1 2022 portfolio with a $155.6 billion stake, making it the largest shareholder of the firm.

Investment firm ClearBridge Investments talked about the prospects of Apple Inc. (NASDAQ:AAPL) in its Q4 2021 investor letter. The fund said:

“Despite these mixed emerging growth results, the ClearBridge Global Growth Strategy outperformed the benchmark due to resilience among our secular and structural growth holdings. The bulk of these contributions came from U.S. mega-cap growth stocks Apple and Microsoft which continued to uniquely act both offensively and defensively as they have through most of the pandemic.”