Rathbones Boosts Apple Stake Amid Mixed Analyst Views

Rathbones Group PLC has increased its stake in Apple Inc. (AAPL) by 4.1% during the first quarter, according to a recent Securities and Exchange Commission filing. The fund now owns 3,280,093 shares of AAPL's stock after purchasing an additional 128,524 shares. This represents approximately 3.3% of Rathbones Group PLC's investment portfolio.

The value of Rathbones Group PLC's holdings in Apple was worth $832.46 million as of its most recent SEC filing. Other institutional investors have also modified their holdings of AAPL, including Norges Bank, which acquired a new position in shares of AAPL valued at approximately $52.27 billion.

Market analysts are weighing in on AAPL's performance, with some expressing concerns about the company's premium valuation and rising memory-chip costs. Jefferies downgraded AAPL, citing these concerns, while others have expressed optimism about the company's future prospects.