5 Metaverse Stocks to Invest In

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 120

Apple Inc. (NASDAQ:AAPL) is the world’s most valuable company that shot to fame and riches through the iconic iPhone. While it does not directly dabble in metaverses, and we’re unlikely to find out its plans given its highly secretive nature, Apple Inc. (NASDAQ:AAPL) has all the tools at its disposal to make a splash in the industry. These include experience with content, human interaction, its own developer tools, and management interest.

Apple Inc. (NASDAQ:AAPL) brought in $83 billion in revenue and $1.24 in GAAP EPS for its fiscal Q3, meeting analyst estimates for EPS but missing those for revenue. Wells Fargo kept its $165 price target for the company in a November 2021 analyst note sharing optimism for iPhone sales in China on the back of a demand increase for smartphones in the country.

Apple Inc. (NASDAQ:AAPL)’s largest shareholder is Warren Buffett’s Berkshire Hathaway who owns 887 million shares worth $125 billion.

An Insider Monkey analysis of 867 hedge fund holdings in Q3 2021 revealed that 120 owned the company’s shares. Apple Inc. (NASDAQ:AAPL)’s market capitalization stood at $2.8 trillion as trading closed on December 23rd, 2021.

ClearBridge Investments mentioned Apple Inc. (NASDAQ:AAPL) in its Q1 2021 investor letter. It stated that:

“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.”