Cypress Funds LLC Cuts Apple Inc Stake by 29,550 Shares

Cypress Funds Llc, managed by Steven Baum, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund reduced its position by 29,550 shares.

Recent Updates on Apple Inc stock

In the past month, Apple (AAPL) shares have fallen just over 5% (down 0.8% in the past week) but remain up about 11.5% over the last year, with the stock recently closing at $260.25. Despite the pullback, Wall Street maintains a “Moderate Buy” consensus and an average 12‑month price target of $299.49, implying notable upside. Bank of America analyst Wamsi Mohan, a highly ranked analyst, reiterated his Buy rating on January 12, 2026 with a $325 price objective, citing a bullish setup into Apple’s fiscal Q1 2026 earnings. He expects revenue and EPS slightly above consensus, driven by strong iPhone 17 demand and double‑digit Services growth, and projects around 10% year‑over‑year revenue growth and improving margins in fiscal Q2. Mohan highlights potential margin expansion from a richer Services mix, possible tariff cost tailwinds, supply chain efficiencies, and increased use of Apple’s own data centers, while also pointing to future catalysts such as a foldable iPhone and enhanced Siri with Gemini AI that could spur a new upgrade cycle and support a re‑rating of the stock.

Spark’s Take on AAPL Stock

According to Spark, TipRanks’ AI Analyst, AAPL is a Outperform.

The score is driven primarily by Apple’s strong financial performance (elite margins and robust free cash flow) and a supportive earnings outlook with record results and solid guidance. Offsetting factors are weak near-term technical momentum and a demanding valuation (high P/E and low yield), with leverage remaining a secondary balance-sheet risk.

To see Spark’s full report on AAPL stock, click here.

More about Apple Inc

YTD Price Performance: -9.25%

Average Trading Volume: 46,046,367

Current Market Cap: $3755.8B