Lombard Odier Asset Management Europe Ltd Buys New Stake in Apple Inc.
Lombard Odier Asset Management Europe Ltd has acquired a new stake in Apple Inc. (NASDAQ:AAPL) shares during the 2nd quarter, as revealed by its recent 13F filing with the SEC.
The firm purchased 46,997 shares of Apple's stock, valued at approximately $13,599,000.
This is not an isolated case, as other large investors have also made significant changes to their holdings in the company. Prospect Hill Management LLC, Focus Partners Advisor Solutions LLC, Wealthfront Advisers LLC, Satovsky Asset Management LLC, and Saranac Partners Ltd have all acquired new stakes in Apple during the 2nd quarter.
Apple's recent earnings report showed a quarterly revenue of $109.42 billion, up 16.4% from the previous year. The company's net margin is 27.62%, with a return on equity of 135.46%. Analysts forecast that Apple Inc. will post 8.74 EPS for the current year.