Apple ‘Significantly Underweight’ Among Top 100 Holders

Morgan Stanley said institutional investors will be more likely to allocate more Apple stock in their portfolios as the new product launch date nears. This will give the stock more room for growth in terms of share price.

Analysts said the top 100 holders of Apple stock are „significantly underweight” compared to other tech stocks that have an overweight bias. Morgan Stanley believes this will provide more room for an upside in share price.

By the end of the first quarter, major investors allocated 2 per cent of their portfolios for Apple Inc. The figure is 2.2 per cent lower in the fourth quarter of 2013 and the low end of the usual range of 1.6 to 4.5 per cent.

According to reports, Apple is the only tech company with a large market cap with an institutional ownership of below the S&P 500’s 3.2 per cent.

via Apple Inc (AAPL) ‘Significantly Underweight’ Among Top 100 Holders of Stock – International Business Times.

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