Billionaire Ken Griffin’s Citadel Investment Group owned about 550,000 shares of Apple Inc.
Apple Inc. (NASDAQ:AAPL) still looks like a good value to us, given that its trailing earnings multiple is only 12 and at least on a historical basis its growth rates look good. The valuation is low enough that even if Apple Inc. (NASDAQ:AAPL)’s growth slows considerably it should still be a good buy at the current price. Wall Street analysts are extremely bullish, with their projections for the next few years implying a five-year PEG ratio of 0.5. Apple was the most popular stock among hedge funds in the third quarter