Cardano Risk Management B.V. Increases Stake in Apple Inc. (NASDAQ:AAPL)

Cardano Risk Management B.V. significantly increased its investment in Apple Inc. during the third quarter, having augmented its stake in the company by 2.9%, as stated in its most recent Form 13F filing with the Securities and Exchange Commission. At the culmination of the period, the fund owned an impressive 3,723,104 shares of Apple, incorporating an additional 103,856 shares. Apple now makes up a notable 15.5% of Cardano Risk Management B.V.’s overall portfolio, securing its position as the second-largest holding within their investment portfolio. The fund’s assets in Apple amounted to a substantial $876,483,000 upon the filing with the Securities and Exchange Commission.
Various other major investors have also recalibrated their positions regarding Apple stock recently. International Assets Investment Management LLC, for instance, escalated its Apple holdings by a significant 20,372.7% during the third quarter, now possessing 94,347,510 shares valued at approximately $219,829,700,000. Furthermore, Strategic Financial Concepts LLC augmented its position by an impressive 14,145.8% in the second quarter, boasting 7,612,261 shares worth $1,603,000. Similarly, Pathway Financial Advisers LLC witnessed a remarkable growth in their Apple holdings by 22,870.6% in the third quarter, now in possession of 5,590,588 shares valued at $1,302,607,000. In the same period, William Blair Investment Management LLC initiated a new stake in Apple amounting to $834,368,000. Additionally, National Pension Service’s position in Apple increased by 14.0% during the third quarter, now holding a substantial 27,882,996 shares totaling $6,496,738,000. Hedge funds and other institutional investors cumulatively own a significant 67.73% of Apple’s outstanding shares.
Apple stock’s performance showcased an opening price of $222.78 on the most recent trading day. The company’s 50-day moving average closed at $240.93, while the 200-day moving average stood at $230.69. With a market capitalization of $3.35 trillion, Apple Inc. has a debt-to-equity ratio of 1.51, a current ratio of 0.87, and a quick ratio of 0.83. The firm maintains a price-to-earnings (PE) ratio of 36.64, a price/earnings to growth (PEG) ratio of 2.19, and a beta of 1.20. Apple Inc. has traded within a price range of $164.07 to $260.10 over the past year.
Regarding Apple’s recent financial results, the company released its quarterly earnings data on October 31st, surpassing analysts’ expectations with earnings per share (EPS) of $1.64 for the quarter against a consensus estimate of $1.60, reflecting a positive deviation of $0.04. Apple’s net margin was reported at 23.97%, while its return on equity stood at a formidable 152.94%. The company generated revenue of $94.93 billion during the quarter, outpacing the consensus estimate of $94.52 billion. On a year-over-year basis, Apple’s quarterly revenue increased by 6.1%, demonstrating substantial growth potential for the company. Market analysts collectively project that Apple Inc. will report earnings per share of 7.43 for the current fiscal year.