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Buffett Added 3.9 mln Shares; APPLE Will Hit A New High?
@Tiger_comments:In recent 13F, Buffett’s Berkshire added 3.9 million shares of Apple in Q2 2022. $Apple(AAPL)$ rises for 6 straight weeks, showing great momentum. It turned out to be the brightest star as it leads this rebound of tech stocks. Data from Tiger Trade App Buffett's Perfect Investment In Apple What is a 13F? A 13F form is required by the SEC each quarter, and details equity holdings. In the new 13F, Buffett’s purchase in the 2Q is another perfect“buy the dip” example. Data From SEC 1.Buy low Accroding to Berkshire’s filings, Buffett bought 3.9 mln shares in 11 separate purchases. Based on data of 13F, we exrapolate Buffett’s cost price of Apple was $136.72, which was relatively a low point this year. (Compared to the current price of $173) Chart made by Tiger_chat 2. Sell high In comparison, Berkshire sold 9.81 million shares of Apple for nearly $1.1 billion in the 4Q of 2020. Berkshire Hathaway first began acquiring Apple stock in 2016 with a purchase of 9.81 million shares, and those shares had doubled in value by September of2020. Data from Tiger Trade app You can tell from this table that Buffett also sold Apple at a relatively high level. Nobody can precisely predict the bottom or high. But Buffett’s investment decision was again justified to be correct. Apple's Strong Fundamentals A new growth pole - ad Apple is set to expand ads to new areas of iPhone and iPad in search of its next big revenue driver. Apple advertising VP Todd Teresi plans to increase Apple's advertising revenue from $4 billion annually to billions in the double digits. Strong iphone 14 demand Apple is expecting strong iPhone market demand and is asking suppliers to produce 90 million iPhone 14 units, which is comparable to iPhone 13 production in the same period last year. It revealed this week that Apple raised its iPhone 14 shipment expectations, increasing orders from 90 million units to 95 million units. Will Apple achieve a new high? Or is a pullback imminent? Have you bought Apple in Q2 like Warren Buffett? Enter our topic to post and win hundreds of tiger coins~
Buffett Added 3.9 mln Shares; APPLE Will Hit A New High?Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.