Jefferies Downgrades Apple Outlook: Fund Activity Suggests Strong Interest

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

Analyst Price Forecast Indicates Potential Upside

As of March 19, 2025, the average one-year price target for Apple is PLN975.61 per share. Predictions range from a low of PLN707.30 to a high of PLN1,299.78. This average price target suggests a 24.28% increase from its latest closing price of PLN785.00 per share.

Annual EPS Projections

The projected annual non-GAAP EPS stands at 7.63.

Fund Sentiment Towards Apple

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

Institutional Shareholder Activity

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 473,592K shares, which accounts for 3.15% of the company. In its previous filing, the firm reported ownership of 457,849K shares, reflecting a 3.32% increase. The firm’s portfolio allocation in AAPL increased by 9.56% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares maintains ownership of 409,170K shares, representing 2.72% of the company. In its last filing, it reported 398,082K shares, indicating a 2.71% increase. The firm has raised its portfolio allocation in AAPL by 4.51% in the last quarter.

Geode Capital Management holds 340,165K shares, equal to 2.26% ownership. The firm previously reported ownership of 333,858K shares, highlighting a 1.85% increase. Portfolio allocation in AAPL rose by 4.89% over the last quarter.

Berkshire Hathaway holds 300,000K shares, or 2.00% ownership, with no changes in the last quarter.

Price T Rowe Associates has 220,108K shares, equivalent to 1.47% ownership. Their last filing indicated 235,581K shares, showcasing a 7.03% decrease. However, the firm increased its portfolio allocation in AAPL by 0.54% this quarter.

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