Jefferies Downgrades Apple from Hold to Underperform

Fintel reports that on May 2, 2025, Jefferies has changed its outlook for Apple (WBAG:AAPL) from Hold to Underperform.

Fund Sentiment Overview

Currently, 7,664 funds or institutions are reporting positions in Apple, marking an increase of 460 owners, or 6.39%, from the last quarter. The average portfolio weight dedicated to AAPL among all funds is 3.72%, a rise of 8.72%. Over the past three months, total shares owned by institutions have grown by 3.33%, reaching 10,621,361K shares.

Activity of Major Shareholders

The Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) holds 473,592K shares, representing 3.15% ownership of the company. This reflects an increase from the prior filing, where it reported owning 457,849K shares, an increase of 3.32%. The firm also raised its allocation in AAPL by 9.56% over the last quarter.

The Vanguard 500 Index Fund Investor Shares (VFINX) owns 409,170K shares, equating to 2.72% ownership. Previously, it owned 398,082K shares, which is a 2.71% increase, with a portfolio allocation rise of 4.51% in AAPL during the last quarter.

Geode Capital Management controls 340,165K shares, or 2.26% ownership. Their prior filing indicated ownership of 333,858K shares, an increase of 1.85%. They have subsequently raised their portfolio allocation in AAPL by 4.89% this past quarter.

Berkshire Hathaway maintains a steady 300,000K shares, representing 2.00% ownership, with no change noted in the last quarter.

Price T Rowe Associates owns 220,108K shares, accounting for 1.47% ownership of Apple. They reported a decrease from 235,581K shares previously, which is a change of 7.03%. However, they still managed to boost their portfolio allocation in AAPL by 0.54% over the last quarter.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.